Rent Is Due: How can we pay the rent?

According to new data released by the National Multifamily Housing Council, almost a third of American apartment renters did not pay their rent in the first week of April.

Last year, at this same time, 82 percent of renters paid rent in the first five days of April compared to 69 percent this year. And that was after just a couple of weeks of unemployment for thousands of furloughed workers. Now, faced with a hobbled unemployment office, snowballing joblessness numbers, and stay-at-home orders lasting through the end of the month, paying rent has become a major problem for both tenants and landlords. Those numbers are likely to jump in May.

Read the rest of this post: Bungalower


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