Businesses are having difficulty. Many are unable to pay rent.
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Bloomberg is reporting that “more than 20 million American households have fallen behind on their utility bills, about 1 of every 6 homes”.
That number will worsen down the road IMO, as well as increasing numbers who are unable to pay their rents.
It was also Bloomberg that reported about business not making rent. Steve Cortez has talked about this occasionally over the summer. I don’t recall the exact figures, but I believe it was over 50% of businesses can’t or don’t think they will make rent in the near term. I am seeing the signs locally. There’s a microbrewery near me that just went out of business. They managed to stay in business during the pandemic, but their doors were closed part of the time and then hours and service was limited. They almost certainly received government assistance during that time. I bet that paid the owners and drove them into debt. That’s an added expense businesses have to carry. The solution to get out of those loans is to go bankrupt. I highly doubt the owners are personally responsible for the loans.