Coronavirus is going to create the mother of all housing crises if we don't bail out renters soon (via latimesopinion)
That’s a big increase in missed payments, compared with even one month before. In March, 81% of households paid the rent within the first days of the month. By April, on-time payments dropped to 69% of households.
It’s not really surprising that so many tenants couldn’t make the rent this month, considering that 16.6 million people — roughly one in 10 workers —But it’s still shocking to see how quickly so many renters sank into financial distress. It’s another reminder that too many people live paycheck to paycheck, and teeter on the edge of losing their home even in normal times.during the coronavirus emergency. That will keep people housed during the pandemic.
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