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Landlords Crushed by Eviction Bans Rush to Sell Properties, Stifling Rental Market

Residents of Meridian Heights apartments in Northwest Washington display a painted bedsheet protesting for the cancelation of rent due to the loss of jobs during the pandemic in Washington, D.C., August 20, 2020. (Sarah Silbiger/Reuters)

Debi Stobie intends to sell one of her two suburban Denver rental homes when the family who lives in it moves out at the end of the month.

When the tenant of her other rental house eventually leaves, she plans to sell that one, too.

Stobie and her husband also are considering selling the 24-unit apartment complex they own in the Denver area. Stobie’s husband bought the complex 23 years ago. It’s their main source of income. “If the right opportunity came along, we wouldn’t hesitate much,” she said.

In Stobie’s view, over the last couple of years there have been so many

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Ryan Mills is an enterprise and media reporter at National Review. He previously worked for 14 years as a breaking news reporter, investigative reporter, and editor at newspapers in Florida. Originally from Minnesota, Ryan lives in the Fort Myers area with his wife and two sons.

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