One third of American renters expected to miss August rent payment
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An estimated 27% of adults in the U.S. missed their rent or mortgage payment for July, according to a nationwide survey conducted by the U.S. Census Bureau weekly over the last three months.
Among renters alone, just over one-third (34%) said during the waning days of July that they had little to no confidence that they could make their August rent payment, a stark measure of the ongoing economic devastation for households stretched to the brink by coronavirus pandemic.
https://www.bloomberg.com/news/articles/2020-08-07/survey-exposes-americ...
That $600 cushion is gone, and so are the jobs. Eviction moratoriums cant logically continue forever... 30 million potentially new homeless Americans this fall. And just under 200,000 county sheriff deputies to physically give them the boot. How well do you think that will work out?
Hungry people don't stay hungry for long.
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Top of Page Bottom of Page PermalinkFull Name: An organ grinder’s tune
why can't the banks, you know
why can't the banks, you know...postpone getting paid a few months?
Top of Page Bottom of Page PermalinkFull Name: An organ grinder’s tune
https://www.wsj.com/articles
https://www.wsj.com/articles/commercial-properties-ability-to-repay-mort...
looks like the speculators and the well-heeled will need some more $$ from us...
Top of Page Bottom of Page PermalinkFull Name: Mice elf
https://thelensnola.org/2020
https://thelensnola.org/2020/07/30/protesters-block-access-courts-force-...
"“Everything’s closed,” a security guard at City Hall told The Lens around 1:00 p.m."
something like 40% of New Orleans residents are renters.
direct action gets the goods.
Top of Page Bottom of Page PermalinkFull Name: Andean Flight
"direct action gets the goods
"direct action gets the goods."
They didn't wait for their representatives to debate the issue, draw up a propostion and then vote on it? Huh. Direct action...interesting...
Top of Page Bottom of Page PermalinkFull Name: 19.5 Degrees
Did the House just go on
Did the House just go on recess, or soon to be?
Top of Page Bottom of Page PermalinkFull Name: Racketinmyhead
When you are unemployed in
When you are unemployed in normal times, why are you expected to pay rent without the $600 cushion? Whats different when your unemployed due to the virus? Unemployed is unemployed no?
Top of Page Bottom of Page PermalinkFull Name: Briank
I'm guessing that it's not
I'm guessing that it's not just about the renters. Not all landlords are loaded. If a tenant misses a month, then they can't pay the mortgage, which means huge fines or even foreclosure.
I had a tenant skip out on me without paying rent. It negatively affected me for months. After the flood I didn't have tenants for many months. It has taken me almost a decade to dig out of the hole it left me in.
Top of Page Bottom of Page PermalinkFull Name: comic book colors on a violin river...
So sad for a lot of folks :(.
So sad for a lot of folks :(.
I am glad that my home and car are paid for, and I live minimally .
Especially with NO live shows to travel or go to, but I am saving up for when it all comes back ... :)
Top of Page Bottom of Page PermalinkFull Name: Jay
Damn- shitty times all around
Damn- shitty times all around.
So incredibly thankful to be in my first home as an owner- I love this house more with each passing day.
As a sign of the times, I was informed today I was denied for my solar panel loan- I have a credit score of 788! Fahckkkkk
Top of Page Bottom of Page PermalinkFull Name: jeff
America is really going down
America is really going down the tubes.
Top of Page Bottom of Page PermalinkFull Name: Racketinmyhead
The prosecutor will save us.
The prosecutor will save us.
Top of Page Bottom of Page PermalinkFull Name: Old Fart Message Board
Governments don't care about
Governments don't care about the people not being able to pay rent here in America Land. Just buy the government masks we produced recently and wear them. Then "stay inside" even after you lose your home.
Top of Page Bottom of Page PermalinkFull Name: Mice elf
Report: Nearly 40 percent of
Report: Nearly 40 percent of Houston residents can’t pay rent, mortgage
https://www.thecentersquare.com/texas/report-nearly-40-percent-of-housto...
A quarter of Pennsylvania renters can’t pay rent
https://www.post-gazette.com/opinion/Op-Ed/2020/08/13/A-quarter-of-Penns...
Broomfield passed an emergency ordinance that temporarily prohibits fees or penalties for late rent payments for COVID-19 impacted tenants.
https://www.broomfieldenterprise.com/2020/08/12/broomfield-passes-emerge...