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Η AQUA Carpatica στηρίζει το Διαδικτυακό Συνέδριο του ECONOMIST
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Small Landlords Feel the Effects of Lost Rental Income
While eviction moratoriums helped keep many tenants in their homes during the pandemic, the nation s renters have amassed a collective debt of over $52 billion, and many mom-and-pop landlords are struggling to hold on. April 12, 2021, 6am PDT | Diana Ionescu |
A year after governments across the country implemented eviction moratoriums, some landlords are struggling to pay their own bills as back rent piles up. Many said they or their clients are dipping into savings to keep properties afloat and delaying maintenance or repairs because they can’t afford them. Writing in the Los Angeles Times, Andrew Khouri reports on the growing crisis.
By George Gilson
With the government struggling to manage the disastrous economic impact of the COVID-19 pandemic, Finance Minister Christos Staikouras presented “five axes” of the government’s reform programme during an online Economist Conference entitled «200 Years of Economic Survival», a reference to this year’s bicentennial of the start of Greece’s War of Independence.
In a schematic presentation that offered few details, Staikouras outline the government’s aim of building a new productive model, implementing a balanced fiscal policy, further upgrading the quality of institutions, and shaping an environment of national unity and self-confidence.
The paramount but most intractable problem that the government faces is how to fashion a new production model that can help the floundering Greek economy recover even as the government struggles with propping it up with huge subsidies – an estimated 20bn euros in 2020 – to address the huge economic repercussions of
Staikouras outlines challenges, aims of economic reconstruction plan
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As COVID-19 took root and jobs vanished, officials sought to avoid a wave of evictions, homelessness and the spread of deadly disease that could result. Governments from federal to local enacted rules allowing people whose finances have been affected by the pandemic to keep their housing if they don’t pay rent.
The policies have been a lifesaver for many during a crisis when staying home meant staying healthy, but a year later landlords say the rules are heaping an increasingly unfair burden on them.
In interviews with The Times, property owners and managers said that they understood the unprecedented nature of the crisis but that they are absorbing too much of the cost. Many said they or their clients are dipping into savings to keep properties afloat and delaying maintenance or repairs because they can’t afford them. Some said they probably can’t or won’t hold on much longer under these circumstances.
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