Unpaid rent is piling up. Landlords can't hold on forever

“It’s important to recognize that, after 10 months of severe economic distress, job loss, and decline in rent collections, everyone is hurting,” said Bob Pinnegar, president and CEO of the National Apartment Association, an industry group representing property owners. By extending the moratoriums further, he said, it leaves landlords and property managers “saddled with the financial burden of providing housing to America’s 40 million renters without sufficient resources to do so, and they leave residents to accrue even more debt.” The federal eviction moratorium, put in place by the Centers for Disease Control and Prevention in September to stop the spread of coronavirus, prevents property owners from evicting

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