Forwarded from DISASTER X (Maximilian Forte)
EXTRACTS:
An 11-month eviction moratorium that prevented tens of millions of Americans from losing their homes during the coronavirus-induced economic shutdown expires on July 31, after Congress left Washington for recess without passing a bill to extend it.
The moratorium was put in place by the Donald Trump administration last year and extended by the Joe Biden administration in June, but a Supreme Court ruling that same month stated that further extension would require “clear and specific congressional authorization.” President Biden asked his allies in Congress this week to pass a bill extending the eviction ban, and House Democrats had enough votes to do so, but nevertheless didn’t. House Speaker Nancy Pelosi put the failure down to not having “enough time to socialize it within our caucus as well as to build the consensus, especially in a time of Covid.”...
Eight million homes may soon be vacant, and some of America’s largest corporate landlords are likely waiting to snap them up. Staggeringly wealthy pension funds like BlackRock and Blackstone have spent the pandemic buying up homes, often at well over market price, with a view to renting them out to the same Americans now priced out of the market. The eviction moratorium was a double-edged sword in some cases, with small-time ‘mom and pop’ landlords unable to collect rent from their tenants facing no choice but to sell to BlackRock and its ilk.
This process has been underway since the 2008 economic downturn, and beyond the borders of the US. The UN in 2019 accused Blackstone of “wreaking havoc with tenants’ right to security and contributing to the global housing crisis.” ...
READ:
https://www.rt.com/usa/530813-eviction-blackrock-great-reset/
#covid19 #GreatReset #BlackRock
An 11-month eviction moratorium that prevented tens of millions of Americans from losing their homes during the coronavirus-induced economic shutdown expires on July 31, after Congress left Washington for recess without passing a bill to extend it.
The moratorium was put in place by the Donald Trump administration last year and extended by the Joe Biden administration in June, but a Supreme Court ruling that same month stated that further extension would require “clear and specific congressional authorization.” President Biden asked his allies in Congress this week to pass a bill extending the eviction ban, and House Democrats had enough votes to do so, but nevertheless didn’t. House Speaker Nancy Pelosi put the failure down to not having “enough time to socialize it within our caucus as well as to build the consensus, especially in a time of Covid.”...
Eight million homes may soon be vacant, and some of America’s largest corporate landlords are likely waiting to snap them up. Staggeringly wealthy pension funds like BlackRock and Blackstone have spent the pandemic buying up homes, often at well over market price, with a view to renting them out to the same Americans now priced out of the market. The eviction moratorium was a double-edged sword in some cases, with small-time ‘mom and pop’ landlords unable to collect rent from their tenants facing no choice but to sell to BlackRock and its ilk.
This process has been underway since the 2008 economic downturn, and beyond the borders of the US. The UN in 2019 accused Blackstone of “wreaking havoc with tenants’ right to security and contributing to the global housing crisis.” ...
READ:
https://www.rt.com/usa/530813-eviction-blackrock-great-reset/
#covid19 #GreatReset #BlackRock
RT
Welcome to the Great Reset? Corporate landlords poised to snatch Americans’ property after eviction moratorium EXPIRES
Millions face imminent homelessness, after the Democrats left Washington for the recess without extending an eviction moratorium set to expire on Saturday. America’s largest corporate landlords are about to make a killing.