What Happens When You Don’t Pay Rent?

(CBSNewYork) — Rent is due once again. So are mortgage payments. As the calendar turns from May to June, people around the country owe what for most is their biggest single monthly expense — housing.
Experts generally recommend that households cap their housing expenditures at about 30 percent of before-tax income. Many renters, especially in more expensive areas, spend as much as 50 percent. When incomes drop to zero, making that monthly payment can become very difficult. If people