Slate Money: COVID-19: April 1, 2020
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 1 April 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
Every Wednesday, the Slate Money hosts discuss what’s going on right now amid the COVID-19 pandemic.
Today, Emily, Anna, and Felix discuss the question of paying rent and mortgages amid the massive layoffs due to COVID-19.
Email: slatemoney@slate.com
Podcast production by Jessamine Molli.
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Transcript
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| 0:00.0 | Hello and welcome to Slate Money COVID, our midweek update on the coronavirus crisis. |
| 0:18.8 | I'm Felix Salmon of Axios. I'm here with Emily Peck of Huffpost. |
| 0:22.2 | Hello. |
| 0:22.9 | I'm here with Anna Shemanski of Breaking Views. |
| 0:25.9 | Hello. |
| 0:26.7 | And welcome, if that is the right word, to April. |
| 0:30.6 | It is now April. |
| 0:31.9 | It's the first of April, and that means it's rent day. |
| 0:35.3 | So we're going to talk all about rent and whether you should pay it. |
| 0:39.0 | Coming up on Slate Money, COVID. |
| 0:43.5 | So it's April the first. It's rent day. So let's talk a bit about rent day because obviously a bunch of people, millions of people, have lost their jobs. They |
| 0:56.8 | don't know when they might be able to start earning money again and rent is due today. |
| 1:02.2 | So, Emily, if you've lost your job and rent is due today, what are the considerations? Should |
| 1:09.4 | you be paying your rent or no? I hate to give financial advice to people, |
| 1:15.2 | but most states and cities have put up eviction moratoriums. So if you have very little money |
| 1:22.3 | saved up and you've lost your job, even if you have the money for rent, I would say don't pay your rent because you need |
| 1:29.9 | the money for food. And you're not going to get evicted right now, probably. |
| 1:34.8 | I would say definitely, like, before you don't pay your rent, make sure that you are in a state |
| 1:40.0 | where you have protections, because if you don't, you can very easily be evicted if you don't. |
| 1:45.0 | So I would just be very clear. I don't want to tell anyone not pay their rent and then they get |
| 1:48.1 | evicted. I'm going to push back a little bit on the very easily bit. I think if you're in a state |
| 1:53.4 | without protections, then you don't have state level protections and you can be evicted. |
... |
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