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Drudge Retort: The Other Side of the News
Thursday, April 09, 2020

Nearly a third of U.S. apartment renters didn't pay any of their April rent during the first week of the month, according to new data to be released Wednesday by the National Multifamily Housing Council and a consortium of real-estate data providers. The numbers are the first hard look at how many Americans are struggling to make rent during the coronavirus pandemic. The data come in the first of weekly reports on unpaid rent from NMHC, a landlord trade group.

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Banks were bailed out last crisis now is time for them to step up and give back, and have an interest free Morgage freeze on all housing with the requirement all rent is also frozen without a penalty until the economy is back on its feet from any landlord that takes it.

#1 | Posted by THomewood at 2020-04-10 07:11 AM | Reply

speaking of thirds... the US has 1/3 of Covids cases.

#2 | Posted by RightisTrite at 2020-04-10 08:24 AM | Reply

*diagnosed cases. Hooray for testing. National peak in about 3 days.

#3 | Posted by sitzkrieg at 2020-04-10 08:28 AM | Reply | Funny: 1

Banks were bailed out last crisis now is time for them to step up and give back...
#1 | POSTED BY THOMEWOOD

Hoo, haven't laughed that hard in a while.

#4 | Posted by TFDNihilist at 2020-04-10 08:53 AM | Reply

*diagnosed cases. Hooray for testing. National peak in about 3 days.

#3 | Posted by sitzkrieg

We haven't tested 1% of Americans yet. Why hasn't Trump invoked the Defense Production Act to get the number of tests we need? Trump said we'd have 27 million tests by the end of last month. So far, 2 million.

Until we have the testing capacity, America will not be safe going back to work. 80% of polled respondents say they wouldn't feel safe. And they shouldn't feel safe. Hell, Washington State has some tests but no swabs. Something the federal government should be ensuring they have, along with PPE and whatever else is needed.

#5 | Posted by AMERICANUNITY at 2020-04-10 09:05 AM | Reply

We spend $750,000,000,000 a year on the military. Why hasn't Trump appointed a general to be in charge of logistics to move supplies and equipment where and when it's needed. And then stay the f--- out of the way?!

He says governors should be prepared, then the feds take their supplies and dole them out like political favors when it suits them. He has states bidding against each other AND the federal government, but states don't have everything their health care workers need to stay safe.

#6 | Posted by AMERICANUNITY at 2020-04-10 09:09 AM | Reply

Hey #1--slow your roll.

I'm a lender, with my loans backing policies sold by an insurance company, to policyholders like widows, orphans, school teachers, fire fighters, etc. Our policies are contracts to pay. Right now we're working with borrowers to work out how they can make payments that will continue to support those policies. There are plenty of loan officers like me (as well as thousands at your local community or commercial bank) who are trying to do their best for all parties concerned. You might want to bone up on money and banking (a textbook from a college Econ course I took) sooner than later...

#7 | Posted by catdog at 2020-04-10 09:11 AM | Reply

I'm truly surprised the number is that low. And without income, that number of individuals won't change for may but we are sure to add more as things unravel

#8 | Posted by lfthndthrds at 2020-04-10 10:04 AM | Reply

but states don't have everything their health care workers need to stay safe.
#6 | POSTED BY AMERICANUNITY AT 2020-04-10 09:09 AM | FLAG:

You don't have to test every single man, woman, and child. We'll be back towards the bottom of the bell curve by the end of the month and it becomes localized outbreak management. California is returning ventilators to the national stockpile. Have you never been in a natural disaster before? The feds are the most useless entity. Stop looking to the Feds for leadership. That is the road to insanity.

#9 | Posted by sitzkrieg at 2020-04-10 10:04 AM | Reply

I guess I'm fortunate. I only had one tenant that didn't pay full rent. But she said she would pay the other half when her sons unemployment kicked in. Since she explained the situation with plenty of notice, I'm willing to work with her.

Considering the amount of stimulus that's about to kick in, most people should be able to make up the back payments. But I suspect there are also a lot of people trying to use this as a holiday from their obligations.

#10 | Posted by Whatsleft at 2020-04-10 10:57 AM | Reply

10

The data comes from some sort of association of landlords? And on April 10, they are producing nationwide data for the first week of April?

That's pretty fast, IMO.

No doubt, delinquent rent rates will increase....I just find that data to be really fast coming.....is it possible that industry is asking for something? Or will ask for something (assistance) from the govt?

#11 | Posted by eberly at 2020-04-10 11:02 AM | Reply

#11

I have questions about the accuracy of this report as well.

#12 | Posted by Whatsleft at 2020-04-10 11:21 AM | Reply

But I suspect there are also a lot of people trying to use this as a holiday from their obligations.
#10 | POSTED BY WHATSLEFT

Like the Trump Org.?

#13 | Posted by TFDNihilist at 2020-04-10 11:49 AM | Reply

#13

Them too.

#14 | Posted by Whatsleft at 2020-04-10 12:08 PM | Reply

#11

Some people didn't pay rent because they didn't have the money. Some people didn't pay rent because they were under the impression they didn't have to.

#15 | Posted by madbomber at 2020-04-10 03:36 PM | Reply

Guess I made a mistake to be part of the 66% ._.

#16 | Posted by GOnoles92 at 2020-04-10 03:38 PM | Reply

"Why hasn't Trump appointed a general to be in charge of logistics to move supplies and equipment where and when it's needed. And then stay the f--- out of the way?!"

He's smarter than they are, remember?

#17 | Posted by madbomber at 2020-04-11 04:20 AM | Reply

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