Cities push for eviction moratorium as coronavirus spreads
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New York, Los Angeles, and San Jose are in various stages of a temporary eviction ban The rapid spread of COVID-19 has investors reeling, as sweeping event cancelations and President Trump?s Wednesday night speech caused on Thursday the biggest one-day stock market drop since 1987.
But the long tail of the economic fallout of the coronavirus could hit low-income workers the hardest. Cancelled games, concerts, and conferences mean people who work the events may not get paid. Taxi and ride share drivers have fewer fares as people avoid travel. Restaurant workers have fewer patrons as customers stay indoors.
Low-income workers are more likely to live paycheck to paycheck and less likely to have savings, so any disruption to their income could put them at risk of not being able to pay rent, and thus make them subject to eviction. All of which makes the isolation and quarantine phase of the pandemic potentially devastating for poor Americans. In hopes of avoiding mass evictions in the coming weeks and months, tenant advocate groups and city council members nationwide are pushing for moratoriums on evictions in hopes of limiting the economic damage. If the coronavirus leads to evictions on a massive scale, the fallout could end up being one of the most consequential effects of the virus?s spread.
Some areas responded quickly, and have already proposed legislation to suspend evictions?including in some of the most expensive housing markets in the country. San...
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