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 NYC 80% of restaurants couldn't pay their June rent. I said this was going to happen at the start of all of this. That same thing will spread to every major city.
Wait until major credit defaults come in the next 3-4 months
Who's going to win the big short this time I wonder
short COF