I have a hard time believing that 31% didn't pay rent. If even close to true, it speaks to entitlement, not economic impact. People didn't start losing their jobs until mid-March, and two weeks later they can't pay rent? And 1/3rd of renters lost their job? I'd believe it for May, but not for April. I don't believe the numbers account for COVID only related non-payment. I believe the consensus for rent and mortgage non-payment for the month of April was going to be higher than average. May is probably going to see another spike with a peak in June. July should be the first month that should start to stabilize if we don't see stabilization by September expect something like the 2008 mortgage default issues popping up again.