The months-long pause that has protected millions of Americans from being evicted amid the coronavirus is set to expire this week. Zach Neumann, COVID-19 Eviction Defense Project Founder joins Yahoo Finance’s Akiko Fujita to discuss what’s next for renters and landlords.
#coronavirus #COVID19 #eviction
This segment originally aired on July 23, 2020.
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First here!
Ready for short sale housing? Mmmmm tasting.
S U The banks are no friend of the American people. They will use predatory lending tactics just like before.
@S U no that’s why I was asking
@E Mendoza It is where you borrow a house now on credit and sell it and then buy it back again when the price bottoms out. Its basically a gamble.
@judaspreistvlct stop messing the guy . This is not a short sale .
@Classy Lady there never were, are nor will be .
People might get eviction notices, but there are a shortage of renters also. So landlords may then face forecloses themselves.
@Xander Somopawiro Debt is no good, what they need to do is cancel all payments, dismiss rent and not accumulate it just start fresh when pandemic is over. If they add the unpaid rent as debt then it will be too overwhelming once the tenant gets a job, its too much and this pandemic is not the tenants fault, shouldnt be penalized with eviction or accumulated rent debt.
@LexDiamonzz This will never be over. It is only going to escalate and get worse and worse.
@LexDiamonzz unfortunately, any landlord who purchased a building in the last six years paid top dollar for their property. The landlords are barely covering their expenses. It’s a lose-lose proposition. This is why the politicians need to reopen the economy.
@Xander Somopawiro You have no idea what you are talking about.
@Xander Somopawiro My point exactly. Refilling data later date would create a mass reduction of rent cost. If possible keeping it occupied would secure rent stability.
Why do Hong Kong rioters still want to fly the American flag? USA cannot even provide decent housing for many of its people!
Government don’t need to provide housing you pay rent or mortgage that’s how it works freeloader
@Dara K why so angry? You don’t even know if she really is a freeloader…..
@M and G Productions work is for birds
@M and G Productions
Probably hasn’t been farther than Starbucks.
Have you heard of Social Darwinism?
Make it on your own or die.
Survival of the fittest.
That’s how nature was set up by our creator.
The welfare state is an abomination.
It goes against everything that America used to stand for.
NO PUBLIC ASSISTANCE FOR ANYONE.
Looking to get my first house End of this year/Early 2021. Hope they get cheaper.
Go to Detroit there are houses for free ….
@Zbigniew Siarkiewicz Lol youll get a house in exchange for your life. Detroit is one of the scariest places i have ever lived in.
@Zbigniew Siarkiewicz “motor city” madness, has reached the countryside
Same here, I’m waiting for the housing market to bottom out for cheaper home prices plus interest rates are historically low and with a recession/depression they’ll stay low
Facts! I’m do the same!
Winning yet?
The economic house of cards the GOP has propped up trying to remain in power is about to completely crumble.
You have been saying that since 2016
Trump’s little Stock Market Bubble is going to burst.
@WSL Keep waiting you sound like a clown. Maybe try writing in English amigo
@Tommy Brusaco he don’t support gays fool that’s Obama
@Tray Day 216 Trump is First president in history to enter office recognizing gay marriage. Obama didn’t do that. Fool
@Tommy Brusaco yeah he he painted the White House a rainbow with his punk ass
We can only hope
Not good this is the leadership of Trump he’s not a president he’s a fraud
Covid is his fault…or china’s?
OTTO OCTAVIOUS It came from China, but his handling of the pandemic is 100% his fault. Previous presidents were able to suppress pandemics in this country. Previous presidents also left a detailed playbook on how to PREVENT a pandemic. Complete and utter failure of this president.
@Classy Lady I’m not American, but the government in my country has done no better and my country has experienced far more pandemics than the USA…my county is over 1000 years old.
@Classy Lady no it’s not wake up
Judypoker Girl Yes it is. Stay sleep. The real Americans will save this country.
Good Job Trump…”Land of the Homeless”.
Dann Marceau
Only lazy people thinking like that
His fault?…
Get the people working again Trump. No more unemployment checks. These people aren’t going to give your their votes anyways.
It’s not Trump’s fault it’s them lying cheating Dems fault they want America to fail so they can have a one world order wake up
The Democrats and China are willing to destroy our country to get President Trump out of office.
The media and politicians don’t care.
They’re totally insulated against all of this.
That’s serious situation this will be a depression for real
Mr Cuomo is going to extend it in NY State I’m sure
He better
I hope so
This guy wants inflation, borrowed money to pay rents. Let rents come down. Let the landlords take losses, and let the banks LOSE. Please God!!!
If that happens everyone in this country would suffer extensively. Not sure why you want the middle class destroyed but it cost the lives of millions of people when the USSR did what you demand
Tommy Brusaco Middle class is getting destroyed by currency devaluation and extremely low interest rates. Bankruptcy has to happen to allow capitalism to work on a fundamental basis. Resources are scarce in nature you can’t print your way out of the problem. What I want is a free market, no manipulation. What you want is communism. If boomers takes losses I can finally buy a home at fair value. The blood is in the water, sharks are coming.
Good time to be a single, childless minimalist man who lives in a paid off Honda Pilot.
@Davelle Coleman Bruh I was joking
@Davelle Coleman I hope things get better for you soon
@Christina Reynolds Thank you, these days if I think I have an opportunity to vent I take.
big time simp. that last thing you want to be is a simp during these times. let women take care of their selves
@Matthew Styron I don’t think there’s a good or bad time to have a house and family
If I had a dollar for everytime I’ve heard someone say “That’s a great question” lol
They’re taught to make each other look relevant.
I don’t understand why there would be so many evictions. Aren’t majority of people getting paid more staying at home than working from all the govt’m stimulates package? ($1200 monthly + 600 weekly).
Most people are dumb as dirt >>>>>>😲😲😲😲😲😲😲😲😲😨😨😨😨😨😨😨😨😨😨
@Classy Lady – I’m sure they pulled the 35% number right out their ass😆. The original commentor says $1,200/month when it was only a one-time payment, these people don’t know what the hell they’re talking about
Charlie Möller The Democrats passes the Bill TWO MONTHS AGO. This falls squarely on the do nothing republicans and the failure in the White House.
JuleS Sorry I didn’t know the $1200 was a one time paid. I thought it was every month plus the weekly $600. Now it make sense why lots of people can’t paid their rent.
Nylphinx shut up
Federally funded rent? Seriously? Is there anyone in the mainstream financial media who sees a limit to America’s ability to print their way out of economic trouble
It removes the middle class of Americans. That is the point
It worked so well for Zimbabwe…
Yes correct brother
These landlords are being greedy. Most received funds from the government under the EIDL and possibly PPE and are still trying to nickle and dime the tenant. It’s disgusting!
Goddess Hunter, most received funds?, you must know us all
Cris if it doesn’t apply, then don’t respond🤓
Jim M Why you mad? Spelling or not you responded 💩 head
@Jatildy72 crist gonna reply if it wants
Dara K and he’ll still remain a 💩head✌️
Getting closer and closer to a war…. I wonder who will be at the receiving end
ITS A CLASS WAR dummy
@Raj Gopinoth, class war is lost. There is only a few wealthy and the very poor.
China vs India backed by the western civilisations.
China will be at the receiving end like Japan was in WW2.
I hope it’s politicians! They are the biggest drain on society.
Y’all notice the typo?
At least Nancy Pelosi has thousands of dollars worth of Ice Cream while every one suffers from the lack of DNC leadership in blue areas.
@Tom Dillinger RIP Stringer Bell, and that is why the economy is failing.
@Tom Dillinger RIP Stringer Bell, I have stepped out until the crash happens.
@Mercedes Holmes, very well said….where is the “V shape recovery”?
@Lou Montana The economy is failing? Where? Seems to only be the case in Blue areas but even people foolish enough to invest in those areas are getting record returns on their investments. Tell me where your lie is factual
@Tommy Brusaco, proof of your lack of reality. The economy is not the stock market. Jobs are still being lost, layoffs are happening, and foreclosures are on the rise. Your computer and stock market returns are not the real world. Well maybe for you it is.
Aspen Institute should pressure Congress through the mega wealthy donors. But no, they’ll use their power to pretend they care.
This will definitely bring down the market. My prediction is we will see a few pumps until August, after that, I think we will see the true valuation of companies.. $HTZ, a travel companies, and public restaurants holding companies should be out by now.. the fed/gov pump gave them a last exit before the real crash. I think Trump will call it the Chinese Virus Crash if his rhetoric keeps up. just my opinion.
nancy belongs in prision with chains along with adam shiff n the gang this covid is beggining to look like a excuse of moneatary changes then a virus the virus is a blocker to show us the real truth of the economy changes money changes etc this is the play out.
its an ugly truth but at some point you have to cut the cord. Some folks will have to fail. If you managed your money while collecting the absurd amount of unemployment money you should be fine. Plus folks need to swallow their pride and start earning out here. bills don’t pay themselves and the Govt is suppose to pay them for you forever.
Sad truth is alot of people have absolutely no survival skills these days.
Vote them all out.they are all old and have memory lose.
JONI SNIEDER😆😂
Hasn’t been a week and the drama is starting
why are people going in their emergency funds 6 months? is not the government to save your responsible planning for hard time.
A depression is waiting for us to catch up to its reality.
Facts!!
What is there to fight about? Either pay the rent or get out. Landlords have bills too
How much will covid spread if ~30 million people end up on the streets away from hand washing stations or other cleaning stations to stop the spread?
Be ok just like peaceful protesters
the fema camps will be full
@No Name like the Uighurs camps in china?
Why do landlords have to be the bank for non rent payers for months its wrong just cause a lanlord went out and bought a property to get ahead. Landlords are getting screwed the most. Cant pay leave period freeloaders.
Mike Maldonado, I couldn’t agree with you more 👍
I dont understand why they wouldnt just set a national order to seize all payments, mortgages, rents, car payments, not put the payments in back of loan just seize all payments completely until this pandemic is over and jobs are back on the rise again, NOBODY MAKES PAYMENTS!! Alot of countries are doing this, why do we not face reality and do the same, what is it with the obsession over making money at all times, people are struggling, and working 3 jobs doesnt always cut it, for health reasons, relationship reasons, i mean come on people!!
Lol, funny how many people don’t understand how the economy actually works.
Life doesn’t work that way. Plus no one leaves this earth without experiencing real hard times. It’s just that time again.
AMERICA just got what they voted for. Lol!!!! This is funny because we all know many of these idiots voted for Trump or a democrat who threw them under the bus too.
Karmaaaaaaaaa.
The states have extended their own eviction moratoriums. moritoria? No one explains that illegals are evicted they don’t have UI or stimulus check
I lost my apartment yesterday but Bill’s still coming. A lot of us might end camp in the street because the government failed to help us. As a covid19 patient still in the hospital for 37 days. I can’t bare just sit still with oxygen in my nose and in the middle of hurricane hanna in texas sure life is unfair depressing.
Look for legit BizOp’s… Selling solar I work for myself and I make 3K a week consistently, needles to say biz is BOOMING! You can find the same type of thing to get into!
Start a go fund me and explain with honestly your troubles.
LlAR
God be with you
THANKS. MEOWW
Landlords have to pay mortgage, insurance, taxes, maintenance nobody cares if you get rent or not.
While renters are making more money on unemployment than working and pocketing the money.
If you making more money not working than working you should be able to pay rent?
Dara K totally agree
soln is open up the economy and jobs.
When times are good you need to save and if you cant save your in over your head. Thats the way it is and always has been. If your getting evicted and got UI with boost there is no excuse. I went threw the housing crisis 12 years ago and was making 5 times more then today and lost everything before I learned and a friend gave me same advice I did not listen but this go around I am well prepared because I took that advice when I started over
I agree, I lost everything in 2008. I had to adjust my lifestyle and without any government help. Millions of us did. Time to buck up.
Yep
its almost like they are purposefully maximizing damage.
It’s like that during every recession. It’s been the same cycle for over 100 years. People freak out like this is new 🤣
They will do anything to oust Trump 🤦
@Tray Day 216 Trump Ousted himself Idiot!
@2020 Vision China’s Plague, released the moment President Trump dodged yet another Hoax.
thats the dems goal so they can blame Trump
As Usual the Congress is just talk and no SOLUTIONS!!! But wait they have a VACATION time coming so when they return they can come back and just talk with no SOLUTIONS!! The Democrats would rather deal with removing OUR PRESIDENT and back BLM and ANTIFA. The people can wait until they decide what their next agenda is about. NOT THE PEOPLES!!!
The Incredible Shrinking Nation.
The stes need to open up our economies. Which states are struggling the most in this issue?
“The evictions are going to lead to an increase in homelessness.”
She seriously said this.
Ikr
The problem is Trump and the Republican party is doing nothing period and now old Mitch is saying it may be next week vote the Republican party out of office or we will be going through the same thing in a few months
david greene
They don’t need do anything you’re responsible to save money for emergency 🚨
Get your lazy ass and find a job
no the problem is every house bill has bs in it and money for pet project like planned slaughterhood
Send the money to the landlords since most demorat renters would spend it on drugs, booze and iphones.
So Republicans don’t use cocaine anymore?
@Dimitrius Taylor Yes, but they aint on section 8, homie.
Talking heads. BOOM – it’s party time.
My dad always told me u can have the big house, fancy cars but,not haveing cash in Time of emergency your in trouble.
He is 100% correct
The reality is that Trump will still not acknowledge reality. It’s all fake, and the disruptions we’ll be seeing for the rest of the year will simply be the “deep state” trying to make Trump look bad before the election.
I am a multi-millionaire you are NUTZ!
When can we get comments back on yahoo article?
Buy a printer,and print your own money.
He made me smile and i don’t want to smile alone, Mr ScottChanged my story. My friend connected me to him and I gave it a try. His platform is very easy and simple to understand. If you really want to trade and earn profit you should contact him on Instagram now @bitminelitetrade
Why these Rep Craps keep away adult dependents from stimulus check? What relief is given when claimed as dependents? These Mitch, Mnuchin and all other Craps must make a calculation!
This has been planned…..
Tent city will be established on the White House lawn unless they do something.
They already have federally funded rent. Its called HUD/low income housing. If these people were n the brink of homelessness they for sure should have been to their local housing authority and not been waiting on a miracle. If these people are on EDD they were going to get back pay starting to pandemic. My neighbor was just bragging about the 12K she just got from Unemployment.. So these people should have had enough to pay rent. I see people dont give two shits to the people who have to pay a mortgage…ass backwards living
There is no excuse to not paying your rent if you get unemployment plus six hundred dollars a week on top of a twelve hundred dollar Trump Check so when these people go to court the judge will ask them where is all the money you received as the money during covid was way more than when they were working.
Anthony Enright
Totally agree
They spent the unemployment plus 600 in bs
And now they’re crying 😢 like a f baby
@logan jackmann How do you figure everyone is getting unemployment. Some only recieved $1200 one time in 5 months.
Landlord property worthless without anyone.
Property maintains
I see this nation wide eviction stuff as a double edge sword . On one side ? Landlord who evict tenants ? Will lose at their own rate because if people by the high rates are unemployed? With no income reported then in my view this will all cascade creating a lot of property owners to go bankrupt and in addition ? Creating a number of banks to also go under this entire mess could all go down like a Domino’s effect . The coming depression will be far worse than any man including the suits and ties out there with regards to their credit to understand. Banks can only survive on the money they receive and once businesses no longer can put money into the bank system then the Fed will print money and bail the banks out but not all will be saved…. Few will but at the end of the day? The Fed will most likely quit printing its funny money and propping up the the Markets and many banks that’s the way I see things shaking out. Some say the Fed will just keep printing funny money indefinitely but even if they the Fed’s do that? There has to be a line made as to truly how far the game can be played and bottom line ? At what and who’s cost or expense?
What’s the solution to all this?
That was a question u should have asked in 1776???’
America not America to me
This crisis could cost some where closer to 30 to 40 Trillion Dollars and it is the tax payers money not the elected Officials money so give it to the tax payers. Once the crisis is over the next president by flick of the pen erases, zeroes it out, the debt because it is the tax payers owe who but ours selves. But no!!!! It will cause inflation to the amount of double digits for years because the Gov’t will raise taxes to pay off what the tax payers owe our selves………..
If no one is living in the apartments then how is the land lord going to pay his mortgage any way… This is the domino effect which comes in to play when you have the leaders with no insight and need their salary taken away until the pandemic is over!!!! They are to work for The Citizen not for their party!!!!!!! The Congress and President should have a open check book until the pandemic is over….. You think there are protest now wait a few weeks. Washington will be out of control and they will be a real mess there!!! Step up And fallow the Doctors advise!!!!!!!!!!!!!
No more free stuff for anyone. Printing money from thin air makes us all poorer.
$600.00 a week = $2400.00 a month + unemployment
Why wasn’t the rent paid ?
Ever heard of food, water, and electricity?
YA, when I got my 3k/month mortgage 9 years ago I never anticipated a pandemic
@No Name sell the house and down grade no choice
This “crisis” was so easy to avoid. The scared/vulnerable could have chosen to stay home at they pleased and everyone else could have gone about their business.
They actually were able to convince the masses that becoming homeless is a better option than just dealing with a virus that has > 99% recovery rate.
This is the biggest scam ever brought upon the developed world
👽👽👽👽👽👽👽
TRUMP AND HIS GREEDY RHINOS ALL 24 INCLUDING GREEDY MITCH OUT IN NOVEMBER. VOTE KNEW PEOPLE IN THESE OFFICES IN NOVEMBER
U think last months riotes were bad lol….wait until 21 to 28 million newly homless hit the streets
are the courts open now or is there a big wait
I would not want to be a land lord now
What this government wants is for the unemployed to kiss the masters hands, they will cut off the majority of the lifeline while Buffet Bezos and Bill gates get Trillions in handouts
Only proves that when you work here still a slave
It’s not in the landlords’ interest to evict all their tenants who can’t meet rent. Who are the replacement tenants going to be?
The government must intervene but landlords are having a laugh if they think they can keep earning their 2019 rental income in 2020.
They gave $600 a week more so how people can’t pay for rent
That fact is so obvious to some of us. Some how, politicians didn’t think about that. They thought only about future votes for themselves coming from people who took advantage of this.
About time let us kick out bad tenants
How is it people got a $600 bonus to unemployment, which is more than the “essential” workers get, and still didn’t pay their rent for months?
So is this going to be Trumps legacy?
It already is.
You can’t pay, you can’t stay. It’s business.
sounds simple enough to me. That’s the way it’s always been.
I see a lot of real estate coming up for sale 😁😁😁😁👍👍👍👍
i know of many people who used the stimulus to buy tv’s and other stupid things, the point of it was to pay necessities, but….
As a disabled homeless Veteran for the past 19 months, I am furious with this President’s actions.
His desire to disperse this nations wealth to the rich, while the poor suffer more and more.
His lack of any real coordinated national covid-19 response causing unnecessary deaths across our country.
His ability to lie and surround himself others that will also lie for him.
His ability to ignore the constitution when it benefits him.
This list could go on and on..
Meanwhile I am broke, stranded near Kingman Arizona, due to the inability to tow my derelect nearly 50 year old 10 foot trailer with my van due to mechanical issues. It’s 110 degrees this week… I had been living on disability with housing assistance, prior the Donald Trump’s presidency, but his desire to gut programs of funding and make it easy for large corporations to line their pockets.
The large apartment complex I was living, along with many other residents , was sold to a huge rental property company. This resulting in notice they would no longer accept housing assistance. They informed those affected we would have to pay their rents in full without assistance, or move. I found that searching for an affordable apartment was going nowhere. The corporate takeover of many affordable housing options, so as to rent for more money and profit.
My Section 8 housing assistance voucher expired before my rental contract with the Paragon/ Nolan Apartments in Mesa did. I left my apartment spotless, moved out prior to my final date, and still the kept the deposit. I have been homeless since.
As a Air National Guard Veteran, I don’t quality for any VA benefits, so I have been on my own to deal with homeless.
I now just pray this election everyone votes to “Dump the Trump Regime”
I’m a landlord. will the fed pay my mortgage? think liberal dem mothers.
A lot of places anticipated the failure to follow up with protection and have preemptively already filed for evection‘s so come Saturday Will be facing it immediately. Although a good majority of them will probably not seen until September
The tenant Boubacar Sarr a license insurance adjuster whom is working at home refuses to pay rent since May after magistrate court to stop eviction procedures. The landlords offer him free rents from May to move out by end July to waive all the past due rents. The tenant still waiting magistrate court to continue to stop eviction procedures again and again . The landlords have to pay mortgage, insurance and increases property taxes again under powerful Cobb county taxes authorities.
2008 all over again. The poor will lose home and the rich will become a whole new generation of slum lords.
Another form of depopulation…..suicide ….way to go NWO.
I paid mine. If you would not be protesting or buying extra toilet paper maybe you would pay yours…
Blame it on the government to shut down most businesses.
I tried to hold out as long as I could to help my tenants, so I ended up losing all 4 properties to foreclosure. I worked 16-18 hour shifts for years on end, missed most of the time my children were growing up, Drove 15-20 year old “junkers”, wore ragged shoes/cloths, skipped meals so my kids could eat, HELL, I even cut my own hair ! I saved my money and invested so my kids would have something more than I did ! I WAS a really good landlord, I fixed things immediately. If you were a month late on rent, “catch me up when you can”, I even gave good tenants 1/2 their rent back at Christmas. NOW THANKS TO THE FEDERAL AND STATE HOLDS ON EVICTIONS, I LOST IT ALL !!! AT LEAST TWO TENANTS DID NOT EVEN LOSE THEIR JOBS, THEY JUST HELD BACK RENT FOR MONTHS ON END BECAUSE THEY KNEW I COULD NOT EVICT THEM ! It was 6 months before I did evictions and what thanks did I get for being understanding to them ? One couple cursed me to my face, calling me a racist, and tried spitting on me ! The couple that did not lose their job, loaded their stuff up in two brand new 2020 cars ( I guess that’s where the rent money went) and gave me the finger as they drove away. Landlords are people just like everybody else, and it is not right the holds have wiped out my entire life’s savings. SAVINGS EARNED BY A LIFETIME OF HARD, BACK BREAKING, SWEAT FILLED WORK
Wonderful news.
People will not face eviction, if they pay their rent. Pretty simple?
This is pitiable, his supporters give him passes, no one else would get.
Trump is the reason this is happening. No one else is to blame.
They keep calling it a recession. Its a full blown depression!
hey how about if your employer is shut down find another job theres essential jobs that’s having trouble finding people and stop whining and saying what tge government going to do for me. stop being welfare whores