Report Details Corporate Landlord Gluttony As Millions Face Eviction
Despite their loud public complaints to lawmakers about the supposed "economic hardships" caused by the CDC's now-terminated eviction moratorium, large real estate companies have privately touted their solid performance during the coronavirus pandemic—and they've rewarded their CEOs with major pay increases.
A new report (pdf) provided exclusively to Common Dreams by the government watchdog group Accountable.US shows that large corporate landlords have reported "strong or stable" earnings to investors in recent months as millions of people across the U.S. worried about losing their homes. Thanks to the U.S. Supreme Court's ruling against the eviction moratorium on Thursday, millions of people are now at imminent risk of eviction.