32% of Americans Didn’t Make House Payments for July Yet

Ain’t nobody got no money, we all be botta starve our ass.

But hey – at least we did everything to protect ourselves from a mild flu virus. We can starve knowing that we did everything we could to prevent people from getting the sniffles.

We can also starve knowing that while we are starving, at least someone benefited – the billionaires who increased their fortunes by more than a quarter. Bless their hard work.

CNBC:

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.

“Delayed payments in one month are a strong predictor for missed payments in the next,” Apartment List says. While 83% of households who paid their May housing in full and on-time also did so in June, only 30% of households who were late in May did so in June.

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.

“Delayed payments in one month are a strong predictor for missed payments in the next,” Apartment List says. While 83% of households who paid their May housing in full and on-time also did so in June, only 30% of households who were late in May did so in June.

I’ve been telling you people from the beginning, as soon as they declared this lockdown, that tens of millions of people are going to be homeless. We’re now in this “eye of the storm” period, where the heat hasn’t hit yet. But it will hit.

More job losses are coming, people are going to default on their mortgages, if the government keeps printing money to pay for it, we are going to hit hyperinflation sooner rather than later.

But hey, you know – go look at these blacks rioting. They want justice for George Floyd. That’s what truly matters for some reason.

Those same blacks will be kicking in your door when you’re struggling to figure out how you’re going to eat.

Interesting times.