Federal Judge strikes down Nationwide Eviction Moratorium, leaving landlords next to nothing
Jarell Baker
and last updated 2021-05-06 23:38:00-04
The Nationwide Eviction Moratorium may have saved renters but it cost landlords and property owners.
âWe still had to pay a mortgage, our bills still had to be paid,â said local landlord Sheldon Smith.
Smith said the moratorium left landlords next to nothing.
âA lot of them are not wealthy individuals and are people that make $100,000 or $50,000 a year. The impact on them is tremendous,â said Texas A&M University-Central Texas Associate Professor of Finance Dr. Martin Hanby.
Smith is independent and owns three properties. He understands that the moratorium is helping many get through tough times but he thinks some are taking advantage even refusing to pay any rent.
February 25, 2021, Eastern District Court of Texas granted summary judgment in Lauren Terkel et al. v. Centers for Disease Control and Prevention et al., holding that a nationwide eviction moratorium issued by the CDC exceeded the constitutional authority granted to the CDC