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Biden Urges Congress To Extend Eviction Moratorium In 11th Hour Plea...Uh Oh!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 80650700:MV80ODYxMjgxXzg4Nzc2ODQ4XzMzNkVDMDYz] [quote:Anonymous Coward 74439342:MV80ODYxMjgxXzg4Nzc2NjU5XzU3RUNFQ0JF] This is a fun subject no one talks about. As soon as those evictions and foreclosures are given the green light every property in the US will plummet in value. The repercussions from that will cripple the economy in short order. [/quote] Don't think so. People want out of risky investments and see properties as a safe haven. Mortgage rates are low and many buyers are paying CASH. Hard for a thief to put a house in their pocket and walk away with it. Bonds pay next to nothing, stocks are at near record highs, government threatening to go cashless with crypto and the precious metals market is highly rigged and manipulated by mega banks on behalf of government to protect the dollar. I do think houses are over priced in some markets so some loses will be taken but overall it's a decent place to park some cash for the time being. [/quote]
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link to www.zerohedge.com (secure)
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President Biden has asked Congress to extend an eviction moratorium set to expire on Saturday, saying in a statement that while he would have strongly supported a decision by the CDC to do so, "the Supreme Court has made clear that this option is no longer available."
"In June, when the CDC extended the eviction moratorium until July 31, the Supreme Court's ruling stated that "clear and specific congressional authorization (via new legislation) would be necessary..."
"For nearly 11 months, the CDC's eviction moratorium has served as a critical backstop to prevent hard-pressed renters and their families who lost jobs or income due to the COVID-19 pandemic from being evicted for nonpayment of rent," reads a Thursday statement by the White House.
"In light of the Supreme Court's ruling, the President calls on Congress to extend the eviction moratorium to protect such vulnerable renters and their families without delay."
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