China Overseas Chinese Network, December 11, according to the US "World Journal" report, the second wave of epidemic in New York, according to the latest data released by the "New York Small Landlords" (New York Small Landlords, NYSL), the delinquency rate of tenants in November It is the second highest since the peak of the epidemic in April, with more than 60% of tenants in arrears in rent, and this phenomenon occurs in all districts of New York City.

  The "New York Small Landlord" conducted a November rent survey on the small landlord members of the organization from December 1 to 4. The latest data released showed that the rent arrears rate of tenants in November was the second highest since the epidemic. 62% of tenants owe rent.

The organization's October delinquency rate survey was only 20%, the lowest since April. Now the number has increased. He Delin, the founder of a small landlord in New York, said that the situation is related to the second wave of epidemics.

  According to the latest data from the NYS Department of Labor, the unemployment rate in New York City exceeded 13% in October.

At present, the number of confirmed cases in the United States is rising, and the authorities also predict that in the future, more non-essential industries will close, which will cause the unemployment rate to rise again.

  However, despite the increase in the rent arrears rate, the landlord’s planned vacancy rate has declined. It is currently 28%, a new low since the epidemic. Previously, more than half of landlords would rather leave their rental units vacant than hire.

  He Delin said that before the landlord was worried about renting out the rental unit, and encountered bad tenants who could not be driven out during the epidemic, and it was difficult to seek legal means, they would rather be vacant than rent, but now the epidemic has far-reaching impact and the landlord’s economic pressure is high. But in order to survive, there is no other choice but to take risks.

  As the epidemic continues, the housing market will be unclear in 2021. The “New York Small Landlords” organization will hold a “Landlords in 2021” seminar, and another seminar will be held in January 2021 to discuss lease-related issues in New York State Law etc.

(Yan Jiaying)