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Whitelaw and Sons Real Estate Morgan Hill
reaching your real estate goals
Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Nov 28, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

Whether you support the eviction moratorium or not, it is definitely not fair.

A one sided solution.

By simply ruling that tenants do not have to pay their rent at the agreed upon time, you are damaging the landlord. Is there a way to avoid this? Since it is government policy that is causing this, why should the landlord bear the burden alone? Even if the tenant still owes that back rent, the landlord still has to pay the mortgage, taxes and other associated monthly costs on time.

So what would be fair.

I would love to hear what you think might be fair, but I will offer some suggestions that I believe would make it a far more balanced solution.

Check out the last Coffee & Real Estate Live Chat for a rundown of our local markets!

Assuming landlords are  the ‘evil rich’.

home prices in 2023The narrative in the press seems to lean mostly into the idea that all these landlords are flush with cash and are in a far better position to weather having their income cut. From my experience, this is simply not the case. Most landlords for single family homes that I work with count on the rental income to not only cover the costs of owning the home, but to supplement their income – some in their retirement.

Sources

https://www.oaklandca.gov/topics/understanding-evictions-in-oakland

https://www.oaklandca.gov/services/important-covid-19-information

A win for East Bay renters: COVID eviction protections will stay for now, judge rules

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NAR SETTLEMENT

NAR Settlement – For Buyers and Sellers

The NAR settlement, once it is approved, is set to go into effect in the middle of July 2024. This will completely change how Buyers agent are compensated and we can count on chaos while the systems adjust to the new reality.

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Just enter your address and get access to your instant home value estimate, but also amazing tools to evaluate refinance options, your equity, ways to levarage your homes equity, how to pay your home off faster… and so much more!

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