July 9, 2020
Dear friend,
Incredibly, this new moratorium would kick in after the commonwealth’s current pandemic-related emergency order is lifted.
This scheme is yet another shameless example of the Democrats’ efforts to further punish Massachusetts taxpayers, property owners, commercial real estate managers, and landlords. This proposal will also wreck an already-reeling commercial real estate industry and make recovery near-impossible.
Housing providers, meanwhile, who have managed to weather the pandemic are still bearing their expenses while providing an essential service - a place for residents to shelter.
The Democrats’ answer is this blanket legislation that ignores the economic realities small, family-owned and women-owned businesses face. This proposal essentially calls for providing free rent to people who remain employed and those on fixed incomes. It will cause banks to stop lending and create a liquidity crisis.
Beacon Hill Democrats are manipulating the current emergency to pave the way for state-sanctioned rent control.