Screw landlords enough in the name of tenant protection and they give up, which takes units off the market and just as importantly, stops new construction. Now how does that help tenants? From Tyler Durden at zerohedge.com:
Update (1300ET): White House Press Secretary Jen Psaki confirmed at today’s briefing that Biden’s Justice Department is reviewing the federal judge’s decision, and “should have something to say later today.”
Housing and Urban Development (HUD) Secretary Marcia Fudge also reacted to the ruling at a Wednesday press conference, saying the Biden administration is already taking steps to protect renters under threat of eviction.
“We know we have put enough money in the system through the rescue plan that people should come out of this June 30th, at least currently, and so that in itself is going to allow us hopefully to keep people in their homes, as well as those people who actually have homes through FHA or through the federal government,” she said.
Of course, no one is surprised that the Biden admin would appeal the decision, favoring socialized central control. Additionally, this could be a major roadblock to Biden’s efforts to conjoin the expiration of the moratorium with the distribution of $50 billion in rental assistance.
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A month ago, The Wall Street Journal Editorial Board stated yet another true but unpopular fact: “Continuing government bans on eviction and foreclosure are doing more harm than good.”
The CDC invoked the 1944 Public Health Service Act, which allows the agency to take measures to prevent the spread of communicable diseases between states. People who get evicted might move in with family or friends and spread the disease, the CDC explained. What diktat couldn’t the CDC justify under this expansive rationale?