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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe nd of July will be bad but the end of august will be a nightmare
32% of U.S. households missed their July housing payments
https://www.google.com/amp/s/www.cnbc.com/amp/2020/07/08/32-percent-of-us-households-missed-their-july-housing-payments.html
As the economic fallout from the coronavirus pandemic continues, almost one-third of U.S. households, 32%, have not made their full housing payments for July yet, according to a survey by Apartment List, an online rental platform.
About 19% of Americans made no housing payment at all during the first week of the month, and 13% paid only a portion of their rent or mortgage.
That's the fourth month in a row that a "historically high" number of households were unable to pay their housing bill on time and in full, up from 30% in June and 31% in May. Renters, low-income and younger households were most likely to miss their payments, Apartment List found.
In April, May and June, the majority of missed housing payments were made by the end of month, Apartment List reports. Almost 90% of households had paid some or all of their rent or mortgage payment by the end of June. But with late fees tacked on, those households may be more likely to miss their next housing bill, perpetuating a vicious cycle.
More at link...
rzemanfl
(29,565 posts)Javaman
(62,530 posts)If I put the e in now it wont giv m nough room. I think most will gt it
rzemanfl
(29,565 posts)CrispyQ
(36,478 posts)his ilk can come in & buy up real estate for pennies on the dollar, just like they did in '08.
alwaysinasnit
(5,066 posts)I_UndergroundPanther
(12,480 posts)Are people willing to go through before we put the 1% to the gullotine?
And rearrange a more equal and fair world and end this financial abuse?