Arizona’s Eviction Tsunami
Rochelle P. Walensky the Director of the Center for Disease Control (CDC) issued a ban on evictions 9/1/2020 and reinstated it until 3/31/2021. The rationale is that if people get evicted, they move in with family or friends and thereby will spread the covid faster.
Think about how stupid this decision is! Let’s look at the Tenant side first. The Tenant lost their job and now does not have the ability to pay the rent. If the Tenant lives in a “shut-down” State/City, the Tenant may not have any ability to supplement their income. The Tenant gets behind on the rent for the 6 months of the ban. If their rent is $1,000, then they are $6,000 behind! Ouch. Chances are, if they cannot pay $1,000 how are they gonna make it up and pay the $6,000 when the ban is lifted. They are not. Now they have to go to Bankruptcy Court and do a BK to stall the eviction. Don’t think they are not getting evicted, they are, its just a matter of when. The tsunami Tenants face is the combination lock-down, eviction and BK. All sponsored by our Rulers!
Here's the double dumb part:
In order to qualify for the “FREE RENT” Program of the eviction ban, the Tenants must:
- Sign
a declaration form proving the hardship
- Prove
that they “TRIED” to get government assistance
- Prove
they are unable to pay due to job loss
- Prove
they are making “PARTIAL PAYMENTS”.
Most Landlords will not accept partial payments because it stalls
the eviction. Herein lies the catch-22.
- Prove
they will likely be homeless or forced to shared living. How the hell do you prove that?
- Make
less than 99k single or 198k jointly.
Let’s look at it from the Landlord side. Many Landlords may not be cash rich with the ability to provide free housing to families. Those Landlords will also be forced into bankruptcy. If they cannot make their payment to the Bank, the Bank will ultimately foreclose. Many Banks have provided relief, but that relief is not permanent. At some point, the Bank will need its payments too.
My prediction: the tsunami of Arizona evictions will force both Tenants and Landlords into bankruptcy. The real winners will be the BK Attorneys. Once again, the System is rigged to the elites.
If you disagree or have an alternate opinion, I would love to hear from you. Don’t forget that I sell homes for a www.5kflatfeelisting.com and would love to work with you.
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Best,
Geoff Nowlin, Phoenix Realtor
480-466-3737
