Due to a new law in New York no one can be evicted nor have any negative acts taken against them, even including a negative credit entry, for failing to pay rent or mortgage payments. This law applies to all rents and payments due until May 1, 2021. The law, according to officials, doesn’t absolve people from the debt, merely places it “on pause.” So how exactly can a landlord extract payment if eviction and negative credit reporting is off the table?
So tell me why on earth would anyone in New York pay rent for the next six months? Your average NYC apartment rents for $3,000 or more per month, meaning that New York’s landlords are on the hook for $20,000 or more for EACH rental property that they own.
This is all a part of the Socialists using COVID as an excuse to extract themselves some wealth redistribution.