I don't wish to escalate my previous comment any further, the fundamental debate is about what percentage of Americans are living paycheck-to-paycheck? Googling that question gives all sorts of numbers, from a third to even 75-80%. Most likely it's somewhere around a half. So even with people cutting their expenses, it is completely reasonable that a third can't afford rent. And yes, that means that landlords will not get all of their rent or their airBNB income, ever. And yes, that means there will eventually be a big increase in auto repossessions, foreclosures, etc. Especially since a decent chunk of people with 6-figure incomes are also living paycheck-to-paycheck (irresponsible, but if there are whole industries that depend on upper-middle class people blowing money on clothes, furniture, vacations, etc). For now everyone is going to be patient, extend payment deadlines, etc while the quarantine is still going on. After the quarantine is when the real feedbacks will start to be felt across the economy. When it becomes apparent that the lost money isn't going to reappear.