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How The Government Shutdown Could Affect The Housing Market
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11 Jan 2019 05:23 PM EST

According to Business Insider, the ongoing federal government shutdown could start affecting the US housing market soon. There are currently 800,000 federal workers who are not receiving paychecks. Federal workers not receiving pay owe $249 million in mortgage payments and $189 million in rent payments this month. The Office of Personnel Management is suggesting that federal workers explain their situation to landlords and banks expecting payments, but workers say these suggestions are "woefully inadequate." One electrician who works for NASA said, "We're all wondering how long our families will be able to hold out."

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