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The Impact of Covid-19 on renters

As millions of Americans face continued hardship from the Covid-19 pandemic, President Biden is continuing to take action to help keep individuals and families in their homes.

Posted: May 27, 2021 4:47 PM

There are up to 10 million renters that were behind on rent payments as little as a month or as much as a full year.

The COVID-19 pandemic has played a major role on rent prices all across the country specifically those that rely on wages from at risk jobs. Brian Carberry suggests the fluctuation in rent prices is a direct result of the pandemic.

"During the pandemic that spike over the summer was kind of delayed there were some areas where pricese did get a little bit more expensive but there were a lot of areas where prices actually came down especially in some of the bigger cities"

The peak in rent prices has promted many to move in with family members as a way to save money.

"I think the pandemic has really encouraged people to branch out move in with other people to save money if possible so taking on a roomate or consolidating households moving in with famalies"

Governments from federal to local put rules in place allowing people whose finances have been affected by the pandemic to keep their housing if they don't pay rent but this is only giving renters temporary relief unless the moratorium is extended.

"What it doesnt do is give renters basically free months they are going to have to pay that back rent as well as any late fees or penalties associated with it"

As rent prices increase Carberry encourages residents not to give up.

"If your looking to rent and you can afford something you might as well go ahead and get it because you really don't know if that price is going to go up or come down"

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