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Sirota warns of higher property prices after eviction moratorium ends

Jacobin editor-at-large David Sirota said in a Hill.TV that real estate investors are poised to profit from the end of federal government's eviction moratorium, potentially helping companies like Koch Industries.

Sirota, who is also the founder of The Daily Poster, said Koch Industries sees an opportunity in the housing market with an eventual end to the moratorium, which would allow properties to be vacated and set at higher prices. He said major real estate investors have recently been buying up residential properties and raising rents, but the eviction ban has so far prevented renters from being forced out.

“We have to take a step back and ask ourselves, ‘Is it really a good thing for our society for the basic shelter, a human need, housing, to become such a focus of speculation and investment and profit-taking?’” Sirota said. “Where does that end? Where does that lead us?”

The Centers for Disease Control and Prevention imposed an eviction moratorium last year to help slow the spread of COVID-19. It is slated to expire on June 30 but could be extended by the Biden administration.