Flipping America 485, America's Looming Rental Crisis

Published: Aug. 9, 2021, 4 p.m.

The moratorium on evictions ended on Saturday July 31st. It cannot be legally extended. And on Wednesday Aug 4th, the President of the United States extended it anyway. We are going to talk about that today on Flipping America.

I thought the eviction moratorium was a brazen and illegal power grab when Mr. Trump was President. I continue to believe the same under Mr. Biden. The CDC has overstepped its authority. This is now an established fact - all the way to the Supreme Court. Mr. Biden acknowledged this in his statement regarding the continuation of the ban, noting that the Supreme Court would almost certainly overturn this. But he hoped that in the meantime more aid could get to those who need it to pay their rent. I can\u2019t help but think about what the result would be if I held a press conference and said, \u201cI know that what I\u2019m about to do is illegal, but it\u2019s ok. I mean well. And when the judge tells me to stop I will.\u201d Yeah. Well, we already know that our elected officials are usually held to a different standard - meaning no standard at all.\xa0\xa0

So here\u2019s what we are going to talk about today:

Why is the ban on evictions unconstitutional and likely illegal?

What are the implications of the President\u2019s lawlessness?

Who are they really trying to help with the ban on evictions?

Who is being hurt by the ban?

Why has the government only 10% of the $46.5 billion in relief funds?

How to contact us

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News and Resources:\xa0 Questions from Listeners: Starr\u2019s Questions from RILA:
  • Talk\xa0 about\xa0 the "BRRRR" method : Buy,rehab,rent,refinance, and repeat method...should beginners use this\xa0 strategy?\xa0
  • I have had contractors run off and not finish the job but was paid for it...Roger, what are some tactics you use with contractors?
  • A lot of investors are moving into the airbnb market...Is this something you would consider or recommend?
  • What are the benefits of building a relationship with lenders?\xa0\xa0
  • I\u2019m not having any luck with door to door...Do you recommend cold-calling for finding properties?
Mindset Moment:\xa0 Motivational Quote: \u201cYou won\u2019t grow wealthy by demanding more pay. If you want to grow wealthy, make yourself more valuable."