Read the lesson in English  
then translate to your own language to verify your understanding.

Rental Housing | English Lesson

Sep 7, 2021

Today’s topic is rental housing.

Let’s begin by looking at our vocabulary.

VOCABULARY

  • Housing: A building, or something else that covers and protects. An example of housing is an apartment building.
  • Property: Something belonging to somebody. In this case, it refers to real estate, in particular rental housing (houses, apartments).
  • Landlord: Someone who owns a house, apartment, condominium, land, or other types of real estate which is rented or leased to an individual or business, who is called a tenant. (landlord/tenant)
  • Moratorium: a legal authorization to debtors to postpone payment.
  • Eviction: the action of expelling someone, especially a tenant, from a property. (to evict)
  • Maintenance: refers to all tasks necessary for keeping a building functional and livable, such as cleaning, painting, and repairs

Now, listen to the reading and hear how these words are used in context.

DIALOGUE

The Covid-19 crisis provoked a rise in unemployment, which has raised the number of tenants unable to pay rent for their housing. To prevent landlords from evicting tenants who fall behind on their rent, some government agencies have instituted rent moratoriums. These moratoriums pause the obligation of tenants to pay rent and effectively block evictions, which allows the tenants to remain in their homes.

What are the pros and cons of these measures?

We could separate the effects into short-term, and long-term. On one hand, the measure offers temporary relief for tenants who can no longer pay rent because they are unemployed, or whose income has been reduced. On the other hand, the owners (landlords) stop receiving regular income, which can affect their ability to pay their own debt, property taxes, and building maintenance expenses.

VOCABULARY REVIEW

Housing: where people live, like a house or an apartment.

Property: something belonging to somebody, like a house or a building.

Landlord: someone who owns the property used for housing or for work. The person or business that rents the property is the tenant.

Moratorium: a legal authorization to debtors to postpone payment.

Eviction: to remove a tenant from a property.

Maintenance: actions like painting, cleaning, and repairs.

CONCLUSION

That is all for today. The “English for Economists” podcast is new, so this is a good time to share it with your friends and colleagues. Also, if you have any suggestions or comments, write to me. I would very much enjoy hearing from you.

 

Join Our Podcast Club

You Can Also Subscribe to Our Podcast On These Platforms:

Follow us on spotify
Apple Podcast

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Latest Podcasts

Riding the Investment Roller Coaster

Riding the Investment Roller Coaster

In this episode, we will be discussing an article published on March 16th in the Economist Magazine, titled "Is the global investment boom turning to bust?" https://open.spotify.com/episode/0WlmLAp3h3Bj05sDCijt9M?si=c93465499b054af7 The article describes how companies...

‘Premiumization’ and ‘Gentrification’

‘Premiumization’ and ‘Gentrification’

In this episode, we will be discussing an article recently published in The New York Times titled "Is the Entire Economy Gentrifying?" Listen again: Is the Entire Economy Gentrifying?” https://open.spotify.com/episode/24nSvTRoomFSVx9ubr517I?si=623105a7846c43ac While...

China’s Population Drop | English Lesson

China’s Population Drop | English Lesson

Last week's podcast covered the controversy surrounding the French government's plan to raise the statutory retirement age. In today’s vocabulary lesson, we will discuss the challenges that China is facing due to its shrinking population. In a recent article published...

The Battle Over Retirement Age in France | English Lesson

The Battle Over Retirement Age in France | English Lesson

Today, we are going to talk about retirement age. Listen to this headline, published on February 11, 2023: France braces for protests as Macron pushes forward with pension reform. Again: France braces for protests as Macron pushes forward with pension reform....

Hedging Bets with Nearshoring | English Lesson

Hedging Bets with Nearshoring | English Lesson

Today, we'll be discussing the trend of companies transferring their operations to nearby countries, because of geopolitical reasons, or because of recent disruptions in the global supply chain, like the shipping container crisis, and problems posed by Covid. For...

CBDC, Stablecoins, DeFi and Web3 | English Lesson

CBDC, Stablecoins, DeFi and Web3 | English Lesson

Hello, friends from all over the world. Welcome to the English for Economists podcast.  This is podcast number 63. I am Alan Robert and I am very happy that you joined me today. Thank you for your support. It’s January 24th, 2023, and today our topic deals with...

Share This