Impact of Ending $600 Federal Unemployment Supplement

[Brad Gibson]

With the end of the federal supplemental unemployment benefits ($600 per week) in July, will we see huge increases in missed rent payments in Sept?

While many here have anecdotally reported that they are collecting rents at above 90-95% since April, I wonder if there is a potential problem on the horizon.  There has been no move to extend those benefits to people who have remained unemployed or have just lost their jobs.  In addition, the PPP will be exhausted either at the end of June or in July for most businesses which could mean another round of layoffs.

I'm pretty concerned that with no federal assistance, things might get more ugly.  Any word on an extension?