Brown Harris Stevens CEO Bess Freedman told CNBC she hopes policymakers and private sector landlords can 'compromise a bit' and work together for tenants experiencing economic hardship.
Freedman, whose New York City-based firm largely operates in the high-end residential market, emphasized the intertwined relationship between the economic situations of tenants and that of landlords.
"If landlords aren't getting their rent, they can't pay their mortgages, then they may have to lay people off and that puts more strain on an already very, very high unemployment rate so that is not helpful," said Freedman. "You're going to see housing court jam packed. You're going to see a lot of evictions and homelessness, which is something we don't want to see.
Freedman said she hopes public policymakers and those in the private sector are able to "compromise a bit" and work together on being flexible during a time of widespread economic hardship. "Maybe a discount on rent. Maybe another month where they don't have to pay rent," she said.
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