30% Failed to Make Housing Payments in June

[missingthebigdog]

9. Eh. Maybe.

A closer look at the linked article- and the articles it is linked to- shows that the 30% statistic is based upon those who did not make a rent or mortgage payment in the first week of the month.

There are probably a lot of people who routinely do not pay rent until the tenth of the month, and many mortgages are not considered "late" until the fifteenth. There is no way to tell from the article whether this is new, or whether it is the standard practice of the tenants/ owners surveyed.

The same survey shows that, when looking at May's numbers, a similar percentage of people did not pay in full during the first week, but only 5% had failed to make any payment by the end of the month, and another 6% had made at least a partial payment.

I am not saying that there isn't a problem; I know people are struggling. I am just saying that there is no information about the methodology on this "study," so it is hard to know how accurate the numbers are, and the numbers that are reported are presented in a very misleading way.

Mylissia