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It appears alarming because it's spun that way. Look at the actual survey the article references and you'll see 89% of missed first-week payments in June were p
by bigwavedave 6y ago
It appears alarming because it's spun that way. Look at the actual survey the article references and you'll see 89% of missed first-week payments in June were paid in full with late payments. Basically, some people were late on their rent/mortgage payment last month, still ended up paying it in full, and CNBC wants to convince you that this means the payments missed in the first week of July won't be made at all; July isn't even halfway over and they want you to assume the worst. The article is misleading at best.
- listenallyall 6y ago>> still ended up paying it in full with the help of $600 per adult per week from the gov't. what happens when/if the PUA subsidy is not extended beyond July 31?
- mercer 6y agoYeah, my impression is that there might be some major issues if the 'PUA subsidy' isn't extended, but I'd love to hear from people who know more about this. Anecdotally I've heard that there are a ton of people that won't be able to pay rent, commercial or personal. And part of the issue seems to be that some of them at least have to pay the rent for missing months too? Again, I don't know much about this so I hope I'm wrong.