Los Angeles Landlord Now Homeless Himself Due To Covid Eviction Moratorium

[G.L.R.]

Los Angeles Landlord Says He Is Now Homeless Due To Covid Eviction Moratorium

April 30 2021

As a result of the pandemic, millions of apartment renters have not  paid any rent in months

In many places, they don't have to due to  official freezes on rent and evictions. But what about the people who own these properties? Who is helping them? In Los Angeles, one landlord has been reduced to living in his car. LA property owner says eviction moratorium due to pandemic has left him homeless.   A Los Angeles property owner says the eviction moratorium currently  in place due to the COVID-19 pandemic is preventing him from moving into one of his own rental units. Now, he's living out of his car. "I was upset that the city of Los Angeles would suggest to me that I  would go into a homeless shelter, when I own property in the city," He says he's going through a divorce, has been displaced and needs a place to live. Despite owning a duplex in the West Adams District, he says he's  forbidden from moving a tenant out of one of the units so he can move  in.

He added that his property falls under rent control, which has left  him with next to nothing after pouring large amounts of money into city-enforced upkeep of the property. This story shows how everything in our economy is tied together. It  also shows why shutting down the country for the better part of a year  was a horrible idea. More than a year since Covid-19 lockdowns put millions of apartment  dwellers out of work, almost $47 billion in U.S. government rent relief  is hitting the streets. For many landlords, it's coming much too slowly. One tenant, eight months behind on rent, vanished one night in  March. An unemployed restaurant dish washer in another unit owes $5,000. While the government passed sweeping measures last year to prevent  mass homelessness among renters, there was no targeted help for  mom-and-pop property owners who provide much of America's affordable  housing. Like their tenants, these landlords are more likely to be  nonwhite or to be immigrants using real estate for their economic  foothold.  Read more ...

Los Angeles Landlord Says He is Now Homeless Due to COVID Eviction Moratorium