{ "media_type": "text", "post_content": "How do you all think that the eviction freeze lapsing will impact the rental market?", "post_id": "61085a04c6e6250021d1a12a", "reply_count": 1, "vote_count": 1, "bowl_id": "5aa3ebca6a56fa0013ec82de", "bowl_name": "New York City" }

How do you all think that the eviction freeze lapsing will impact the rental market?

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It depends on the states. In states without eviction moratoria, I think you’ll see a flood of evictions for people who didn’t get rental assistance, then a lot of vacancies. But with demand what it is in certain markets, I don’t know that rents will decrease at all. They could even rise, obviously all market dependent. There will be a disruption and correction. But for my company’s multifamily stuff, rental assistance basically has everyone caught up. Paperwork is still processing, but I’m hoping for no immediate evictions. Now, the non-payers will always be there, so they’ll start missing payments, I think, in September, then it will be kind of like what is was before virus.

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