25% of New York City's apartment renters haven't paid their rent since March

Bloomberg, cited
a new report via the 
Community Housing 
Improvement Program 
             (CHIP), 
a group that represents 
landlords, said 25% of 
New York City's apartment 
renters haven't paid 
their rent since March. 

President Trump has been 
on Twitter boasting about 
the economy and jobs 
"are growing faster 
than anyone expected." 

Rental income for landlords 
is needed for servicing 
mortgage payments and 
covering other 
building-related 
expenses.

Meanwhile, 
direct payments 
to Americans from
various governments
now make up 25% 
of all personal income, 
suggesting the stimulus 
running out at the 
end of July is a big deal.

Will Democrats 
in the House 
give Trump a 
"Round 2
 Stimulus"?

New York state passed 
the Tenant Safe Harbor Act 
last month, which makes it 
even harder for landlords 
to evict. 

Demand for new rentals 
has fallen as people 
flee cities due to virus 
pandemic and social 
unrest.  

Will college students 
have to attend classes
in the fall ?

They can study from home,
( and people can work
from homes  located 
 anywhere ).

Sharon Redhead,
a landlord in Brooklyn's 
East Flatbush neighborhood,
said if rental income doesn't 
rebound in the near term - 
she might be forced 
to sell her property. 

She said 40% of the tenants 
in her +50 unit building 
skipped out on rent payments 
in June. 

America's largest 
rental market was
hardest hit by COVID-19,
so New York City is facing 
a rental market crisis.

I wouldn't count on 
the NYC mayor 
to fix things !