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Updated almost 5 years ago on . Most recent reply

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John Collins
  • Investor
  • Tx, Ga
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32% of U.S. households missed their July housing payments

John Collins
  • Investor
  • Tx, Ga
Posted

How are you guys on payments now that we're entering July?

https://www.cnbc.com/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.

Renters, low-income and younger households were most likely to miss their payments, Apartment List found.

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Wesley W.#1 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • The Vampire State
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Wesley W.#1 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • The Vampire State
Replied

Click-bait, all the way.

Seems kind of weird that they have posted the "statistics" and written the article on the 8th, when most mortgage grace periods extend until the 15th.

On the renter's side...so, they've surveyed all these landlords across various markets, and collected and aggregated the data in just two days? (Many markets, by statute , are not late until the 6th.)

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