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Thread: Accelerating "Eviction Crisis" Parallels The Sub-Prime Mortgage Crisis Of The Great

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  1. #1
    Senior Member Airbornesapper07's Avatar
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    Accelerating "Eviction Crisis" Parallels The Sub-Prime Mortgage Crisis Of The Great

    Well there we have it; Evict Americans and force the same Americans to pay for Illegal Aliens HUD Housing; what a fricken SCAM the federal government has going on while replacement Illegal Aliens get the loot

    Accelerating "Eviction Crisis" Parallels The Sub-Prime Mortgage Crisis Of The Great Recession



    ...nearly half of Americans are “rent-burdened,” (often known as “house poor”) which means that they spend more than 30% of their income on rent..researchers found patterns...some of which are reminiscent of the worst of the housing crisis...

    Thu, 03/28/2019 - 18:25
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    Authored by Mac Slavo via SHTFplan.com,

    A new alarming parallel between today’s eviction crisis and the sub-prime mortgage crisis which helped spur the Great Recession has surfaced.
    The economy is sending warning signs to those who choose to take heed.



    The eviction crisis is worsening to the point that Georgia State University authors feel that protections should be put in place to safeguard renters, such as longer eviction notices and legal protection, according to Market Watch. However, that could make the crisis much worse by homeowners simply refusing to rent their properties out at all. More government intervention (whether it’s designed to protect people or not) will only make a very bad situation worse.
    Evictions have become a real visible effect of the volatility in today’s economy. Stable housing is increasingly out of reach for many Americans, as both rentals and homes to own grow more expensive, options dwindle, and wages remain stagnant. But some scholars at Georgia State University, in conjunction with a ProPublica journalist, completed a new study which shows that not all evictions are created equal.
    The researchers who conducted the study examined “serial” eviction filings (those done repeatedly by a landlord against a tenant). By comparing serial evictions to ordinary ones, the researchers found patterns of landlord “behavior and intentions”, some of which are reminiscent of the worst of the housing crisis a decade ago.

    As of right now, nearly half of Americans are “rent-burdened,” (0ften known as “house poor”) which means that they spend more than 30% of their income on rent, according to Market Watch‘s statistics. Homelessness is also on the rise and has been for quite some time. When it comes to children who have experienced eviction in the last decade in the United States, the numbers could be as high as one in seven.
    Similarly to the foreclosure crisis that foreshadowed the Great Recession in 2009, there appears to be a race element that needs to be discussed. Evictions are currentlydisproportionately hitting African-Americans. Black women in Milwaukee, for example, were evicted at a rate three times their share of the population, and black renters in metro Seattle were evicted four times as frequently as whites there, according to earlier research. This data bears mentioning, but keep in mind, that there’s no reasoning behind the whys of these evictions. If people aren’t paying rent, they will and should be evicted especially if a contract is signed.
    “Filings can be the beginning of a forced removal process, but they are also frequently a tool used to enforce the collection of rent and fees,” the researchers noted. Which is incredibly fair, when taking emotion out of the equation. A contract is a contract, but this eviction crisis is a symptom of the larger problems with the economy rather than the media hyped narrative of “the rich are keeping the poor down” which was basically the conclusion of the Georgia State University study.
    Protecting oneself and one’s family against eviction is usually as simple as having an emergency fund. If you can, save up three to six months worth of expenses so that in the event of an emergency or decrease in income, you will not be breaking your contract (which is your word you signed off on) with a homeowner who has agreed to let you live in a home they own in exchange for a monthly fee (called rent.)
    Saving can seem like a daunting task, but if you buckle down when times are good, a catastrophic emergency becomes nothing more than an inconvenience.

    https://www.zerohedge.com/news/2019-...reat-recession
    If you're gonna fight, fight like you're the third monkey on the ramp to Noah's Ark... and brother its starting to rain. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member Airbornesapper07's Avatar
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    this is shocking what they have done to America

    Americans Can't Afford To Buy A Home In 70% Of The Country



    "They are making this city a city for the wealthy, and they are really choking out the middle class..."

    Sat, 03/30/2019 - 21:00
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    Even at a time of low interest rates and rising wages, Americans simply can’t afford a home in more than 70% of the country, according to CBS. Out of 473 US counties that were analyzed in a recent report, 335 listed median home prices were more than what average wage earners could afford. According to the report from ATTOM Data Solutions, these counties included Los Angeles and San Diego in California, as well as places like Maricopa County in Arizona.
    New York City claimed the largest share of a person's income to purchase a home. While on average, earners nationwide needed to spend only about 33% of their income on a home, residents in Brooklyn and Manhattan need to shell out more than 115% of their income. In San Francisco this number is about 103%. Homes were found to be affordable in places like Chicago, Houston and Philadelphia.



    This news is stunning because homes are considerably more affordable today than they were a year ago. Although prices are rising in many areas, they are also falling in places like Manhattan. Unaffordability in the market has been the result of slower home building and owners staying in their homes longer. Both have reduced the supply of homes in the market.
    And the market may continue to create better conditions for buyers. Affordability could improve because of the fact that homes are out of reach for so many seekers, according to Todd Teta, chief product officer at ATTOM Data Solutions. Today’s market is also more affordable than it was a decade ago, before the crisis. Home prices were about the same prior to the crisis, even though income adjusted for inflation was lower.
    "What kept the market going was looser lending standards, so that was compensating for affordability issues," Teta said. Since then, standards have toughened (for now, at least).
    We recently wrote about residents of New York City who simply claimed they couldn’t afford to live there.



    More than a third of New York residents complained that they "can't afford to live there" anymore
    (and yet they do). On top of that, many believe that economic hardships are going to force them to leave the city in five years or less, according to a Quinnipiac poll published a couple weeks ago. The poll surveyed 1,216 voters between March 13 and 18.
    In total, 41% of New York residents said they couldn't cope with the city's high cost of living. They believe they will be forced to go somewhere where the "economic climate is more welcoming", according to the report.
    Ari Buitron, a 49-year-old paralegal from Queens said:
    They are making this city a city for the wealthy, and they are really choking out the middle class. A lot of my friends have had to move to Florida, Texas, Oregon. You go to your local shop, and it’s $5 for a gallon of milk and $13 for shampoo. Do you know how much a one-bedroom, one-bathroom apartment is? $1700! What’s wrong with this picture?”

    https://www.zerohedge.com/news/2019-...ome-70-country
    If you're gonna fight, fight like you're the third monkey on the ramp to Noah's Ark... and brother its starting to rain. Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  3. #3
    Moderator Beezer's Avatar
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    No housing, can't afford housing, but our stinking government keeps DUMPING millions of foreigners both legally, and illegally, on our backs to pay for each and every year! Add in the millions of their offspring WE pay for!

    It is expensive to live here...these overbreeding foreigners cannot afford to live here without all the free welfare, food stamps, WIC, free school, free breakfast and lunch, free medical care!


    SLAM THE BORDER SHUT

    DEPORT VISA OVERSTAYS

    DEPORT REFUGEES, DACA, DAPA, TPS, ILLEGAL ALIENS AND THOSE WHO ARE A "PUBLIC CHARGE".

    YOU SWAMP RATS ARE CHOKING US AND DESTROYING THIS COUNTRY WITH YOUR MASSIVE DEBT AND INVASION OF OUR COUNTRY!

    OUR SCHOOLS ARE OVERCROWDED, SO ARE OUR ROADS, NEIGHBORHOODS AND HOSPITALS!
    ILLEGAL ALIENS HAVE "BROKEN" OUR IMMIGRATION SYSTEM

    DO NOT REWARD THEM - DEPORT THEM ALL

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