According to this CNBC article today, 28 million Americans face eviction. Uh... yeah... that's not good. Landlords are encouraged (by someone, apparently) to "be creative." I wonder if the banks and lenders the apartment owners owe money to are also encouraged to be creative.
This short article cites a recent survey of apartment owners, 60% of whom said their tenants can't make rent payments. All of their tenants? Or some of them? It doesn't say. In any case, here's another ginormous number in a bad category, possible evictions, giving us some sense of just how many people are seriously struggling to stay housed after the craziness of the past few months.
Looking forward at the The Big Picture and Economics of the Tumultuous 2020's
Subscribe to:
Post Comments (Atom)
Update: July 16, 2021
So... the Fed has continued to drop "helicopter money," though not as much as last year, to prop up the economy as a whole. Asse...
-
In this Bloomberg article, "A $35 Billion Bite From U.S. Banks May Be Only The Start," the spin doctors seem like they're try...
-
In this Forbes column , we hear that 106 million different loans have not been paid on time, in the last two months. Not $106 million doll...
-
I had no idea who Kevin Ward was when I watched this video, a couple of days ago. I'm currently writing a report on where I see things...
No comments:
Post a Comment