Just saw a guy talking about his company's rental portfolio. They have 10,000 rental properties in the US. The rate of 'move outs' has gone from 3 - 4% to 17% over the last few months. These are people skipping out or being evicted.
They reckon a lot of people are taking second and third jobs like Uber to try to make rent and they have seen a big increase in the number of people living in an average unit.
They also talked about a company called Flex who are lending people money to pay their rent. That's a terrible idea and is definitely going bust.
Are things really that bad in the US
@CDX_EIRE ?
I thought the US economy was booming.