According to the New York Times, eviction cases are expected to soar in New York City as housing courts reopen and landlords seek to recoup income lost during the pandemic.
- What is the estimate of how many eviction actions will be filed in New York City’s housing courts in the coming days?
- In addition to tentant woes, explain the situation faced by many landlords and what percent may default on their properties.
- Before the moratorium, how many evictions took place this year?
- About 2.3 million tenants in New York City received relief on their future rent. Explain how this works and who are not affected.
Haag, M. (2020). A Moratorium on Evictions Ends, Leaving Thousands of Tenants Fearful. The New York Times, June 22 (Retrievable online at https://www.nytimes.com/2020/06/22/nyregion/nyc-evictions-moratorium-coronavirus.html)