Peter Gray of Pyramid Real Estate Group says most of his tenants are able to pay rent. They aren't paying real estate taxes. They aren't paying real estate taxes. "Despite tenant protection laws, these landlords don't have the cash reserves, nor the equity in their building to get loans," he said. Routine maintenance that was supposed to take place this year has in some cases been delayed or canceled because landlords just don't have the money, said Gray.

Source: CNN December 17, 2020 13:20 UTC