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Updated over 4 years ago, 03/22/2020

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Scott Mac
  • Austin, TX
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Your Cash Flow During This Virus Crisis and After

Scott Mac
  • Austin, TX
Posted

78% of American Workers are living paycheck to paycheck (and the 22% who are not are probably not renting).

https://www.forbes.com/sites/zackfriedman/2019/01/11/live-paycheck-to-paycheck-government-shutdown/#7977e25c4f10

With so many businesses laying people off, and 10 days until the end of the month it's going to get real serious real quick, especially when no evictions are allowed.

If you think your renters can afford to "Wrap" the missed month(s) payments into their future payments--78% of them are going to have a tough time keeping that promise and remaining on time and in full with their payments.

Section-8 probably won't be hit as hard by this, (it's basically a 2nd parallel US economy) "Cradle to Grave" free government handouts.

What are your thoughts on this?

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