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socialismforall · 4 months

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US Homelessness Reaches Record Levels in 2023

Homelessness in the USA jumped 12% this year to an all-time high, according to a recent US government report. Most groups of color were disproportionately negatively impacted by the trend, families with children saw a 16% increase in homelessness, and certain states saw higher proportions of homelessness than others. The changes come amid a punishing housing market featuring surging rents and stubbornly overpriced for-sale houses.

While rents have begun to decline from recent peaks, and newly built houses have seen a drop in value of almost 20% in some markets, existing houses for resale have barely begun to budge, and wages haven’t kept pace with the increases. The median house price is now so high as effectively to lock out most buyers from the market, and higher interest rates are making mortgages more expensive than at any time in the last fifteen years.

Call it “Bidenomics”? The Democrats, for some reason, already are. (“Nothing will fundamentally change,” indeed.)

source: https://www.axios.com/2023/12/15/homelessness-increase-rent-crisis-2023 source: https://endhomelessness.org/homelessness-in-america/homelessness-statistics/state-of-homelessness/ source: https://vividmaps.com/homelessness-in-us/

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sublimeobservationarcade · 5 months

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Economics Rules Our Lives

Economics, as a subject and vocation, has been dominated and owned by banks and the people who work for that sector for centuries. Maybe it’s time to take back some control over something that sits at the centre of our lives. Knowledge is power. Economics rules our lives. Did you notice that governments around the world came to the fore when there was a public health crisis. Governments helped individuals and businesses out with money to keep them going through the pandemic. However, once that was over, we were all hit with an economic tsunami of high CPI inflation. Suddenly, no one could help, as all measures of direct assistance were considered inflationary. The money tree had been poisoned. Photo by maitree rimthong on Pexels.com

Inflation, Central Banks & The Economy

Apparently, all governments were impotent in the face of the dreaded inflation. Central banks were calling the shots and raising interest rates on the cash rate. No longer was it fine for needy folks to reach out for assistance. No, this was economics and it gazumped all other considerations. This was bigger than a global pandemic, according to the banks who run the system. Despite the fact that we operate in a never ending economic boom and bust cycle this is foundational stuff. Economic Imperatives & Austerity The older you get; you can start to observe the cyclical nature of this. It comes around again and again, the faces at the top may change but their actions don’t vary much. Money is the life blood of our economy and institutions. Our currency must be protected from devaluation as much as possible no matter the costs to lives, it seems. Stony face governors of the Reserve Bank sit in stern judgement upon the wanton spending habits of citizens. Austerity is wheeled out during these times of high inflation and we all must tighten our belts and suck up the misery for the good of the nation. Photo by Dziana Hasanbekava on Pexels.com Who Inflation Hits Hardest Inflation, however, effects different parts of the economy differently. It hurts the poor most, with essentials like food, rent, and energy costing more and wages buying less. The wealthy can weather inflation more easily with their properties and buoyant bank accounts. Government revenue peaks during inflationary periods and their coffers get full. One economist, Professor Richard Werner, tells us that the central banks engineered this current high inflationary period via their Quantitative Easing (QE2) in 2020. This is where they purchase the performing assets of non-bank entities. This directly injects trillions of dollars into the economy. This is a once in a century type event in central bank terms. The RBA did this on the advice of their sister central bank the Federal Reserve in the US. It is said they did this because with interest rates at such record lows, prior to their intervention, they had lost their one monetary policy lever. Creating inflation was their goal, but openly admitting to this was not in their official remit. Thus, the following energy shocks from the Russian invasion of Ukraine was an expedient scapegoat to blame. Following the usual 18 month lag time after the massive influx of money, double-digit inflation hit global economies. The first rule of economics is – too much money supply chasing too few products always causes inflation. Photo by Nextvoyage on Pexels.com The Housing Crisis Housing in Australia and around the globe now is a prime example of this. There are housing crises going on, especially with the rental housing market, in the UK, US, Europe and Australia. Not enough supply due to things like the incredible growth of Airbnb, with property owners shifting their houses to short term holiday accommodation and out of the longer term rental market. Plus, record amounts of immigration coming into Australia over the last 18 months exacerbating the situation. Rents have gone up 20% to 30% and there is bugger all social housing available. Governments exited this decades ago on the neoliberal wave – let the market take care of it. Of course, the market didn’t and now we have a crisis on our hands. This is another failure of governments over the last decades. Abnegation of their social responsibilities in areas that really matter. In Australia, housing is all about making money, rather than putting rooves over people’s heads. The Capital Gains Tax Conundrum Since John Howard changed the capital gains tax back in the 1990’s, by ringfencing 50% of the value of the family home from any burden of taxation, it has become the major domestic investment instrument in Australia. Alan Kohler, the respected finance journalist, recently highlighted that owning a home has increased in comparative average value from 3.5 times annual wages to 7.5 times since that change to the capital gains tax. Those property owners who have benefitted from the massive increase are happy but all those locked out of the market now and in the future are not. This has been the single biggest divisive shift within the shared wealth of the nation. If there is not equal economic opportunity within a society it is a recipe for social unrest. The ‘have nots’ will rise up sooner or later, history tells us that. You are creating a two speed economy, where property owners can lord it over the serfs. Australia is in the midst of this right now and the two major political parties do not have it in them to rock the boat. The LNP don’t have the inclination, as they see their natural home among the propertied class. Labor is still gun shy after Bill Shorten’s electoral defeat in 2019, where he took changes to negative gearing and other wealth accumulation policies to the Australian people and lost. Politics vs policy. Short term populism vs prudent economic planning. The LNP will always run scare campaigns about death taxes and socialist governments coming for your stash under the bed. “The escalation in house prices is a pain that has altered Australian society; it has increased inequality and profoundly changed the relationship between generations – between those who have a house and those who don't. Things went seriously wrong at the start of the twenty-first century, when there was a huge and permanent rise in the price of housing. But what actually happened? And what to do now? As Alan Kohler explains, “the solutions are both complex and simple, difficult and easy: supply must be increased and superfluous demand reduced.” “ - (https://www.quarterlyessay.com.au/essay/2023/11/the-great-divide) https://www.youtube.com/watch?v=y9RbDE7JD9s Photo by Mike Bird on Pexels.com Change Is Coming, Ready Or Not As the electoral population undergoes generational change parties like the Greens and the Teal independents will continue to expand their political power. The economic realisation of where many Australians stand will mount up. The numbers will begin to shift their way. The LNP likely will become a more authoritarian party in a bid to hold onto power despite the downward trend of democratic support. More protest will hit the streets about such issues as the housing/rent crisis and government/institutional failures to do something about it in a timely manner. The young will rise up and demand action. All those properties sitting empty for investment purposes around Australia will become targets for the unhoused. The fact that economics rules our lives will be cause for closer scrutiny. Questions about who makes the overarching economic calls and why will get more strident. The gilded domain of the banks and the central bank will come under more fire. Even now, more people are becoming more knowledgeable about economics in a bid to challenge the status quo. Robert Sudha Hamilton is the author of Money Matters: Navigating Credit, Debt, and Financial Freedom. ©MidasWord Read the full article

#Australia #QE2 #rentcrisis

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newx-menfan · 4 years

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(Not Comics...but honestly I'm pretty mad about this...) "Hooverville" is- A shanty town built during the Great Depression by the homeless. Named after the 31st President Herbert Hoover; the President during the onset of the Great Depression... News won't call these camps what they are, and in some areas like Denver, camps are being swept despite officials promising not to clear these camps during COVID AND the CDC's advisement against it; because people are "complaining", and to cover up the homeless/housing crisis happening. This isn't just CO; other states are seeing similar camps cropping up. If our Government in not going to provide things like rent relief, Coronavirus testing, or another round of stimulus checks; we should at the very least christen these camps with an accurate name- "Trump Dumps". Have Trump's legacy be marked, not by towers or casinos, but by the people who have been utterly abandoned by this crisis. With mass eviction happening, this problem is only going to get worse. Don't let this be ignored or silenced by officials pushing the homeless out of public eye, so our government can be spared the humiliation that they are leaving people to live in tents because our country doesn't have affordable housing. So our government can cover up its TERRIBLE handling of a pandemic that left thousands of Americans vulnerable. Reblog this. Use the hashtag '#trumpdumps'. Write to government officials, like Denver Mayor Michael B. Hancock, who is currently sweeping these camps. Or to newspapers essentially playing up the moral panic of these camps, ignoring how they came about IN THE FIRST PLACE. But please remember- with rent and eviction, and the high possibility of a second wave hitting the U.S.... The homeless have nowhere to go. They can't stay in shelters because many shelters are seeing Coronavirus outbreaks. Many can't make money panhandling because people are scared to get near them with the virus. Some states are providing things like toilets, showering, and campgrounds...others are not. These are people who are desperate and deserve kindness. Treat people how you would want to be treated- because with the way things are going, anybody could end up in their situation. (Okay- PSA over!)

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yza-blog · 4 years

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💵 How many residents; regardless of what State you reside in, are struggling/arguing with your landlords pertaining to your rent payment!? 💵 If you're nodding/raising your hand, I'm glad you've found this post 💵 Here in Las Vegas, NV our property Management team are the greediest group of SOB's & why? Because beginning November 2019, they declared the rent to be due on the 1st of every month 💵 Right, sure...if you get paid on that day there's no problem, but what about the individuals/families that don't get paid until the 3rd, 5th or later on in the month? 💵 They'll be charged an extra $50 because of late/return fees & honestly, that's the dumbest law I've ever heard of, because they're putting residents at risk of losing their homes 💵 Especially now during this COVID-19 you'd think landlords would be a little more compassionate, right? F*ck no! 💵 My mom and I have never been late in paying our rent; always paying it on time but for March and now April, our Management have posted our rent check on the 1st when my mom doesn't get her S.S check until the 3rd 💵 When pleading to the Manager, asking to have their fees reversed, they don't care...and it's pathetic! The bank too, charge a return fee of $34 and on top of that, it's impossible to pay for both fees! 💵 I only work part-time and unfortunately, I can't help cover the fees every month and attempting to contact the bank, they make it sound as if a person is writing fraudulent checks when hello...it's not our fault! This is unfair to all of us! Seniors, families, individuals, everyone! 💵 The banks can only reverse fees so many times and you'd think they'd hold the checks until the money comes in, but nope...not here in the transient state of Nevada 💵 This is rent gouging and it needs to stop now! 💵 I know this is presenting problems for residents statewide, so all I can say, is attempt to write to your Governor/Mayor 💵 I've contacted Nevada's so fingers crossed 💵 #rent #renters #rentals #propertymanagement #landlords #rentcrisis #coronavirus #covid19 #covid19struggles #bank #bankissues #returnfees #latefees #rentalfees #apartmentliving #opinion #ranting (at Silverado Ranch, Las Vegas) https://www.instagram.com/p/B-iul1lgMvM/?igshid=167gtto7nwfo

#rent #renters #rentals #propertymanagement #landlords #rentcrisis #coronavirus #covid19 #covid19struggles #bank #bankissues #returnfees #latefees #rentalfees #apartmentliving #opinion #ranting

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thestarsandstones · 2 years

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please help, trans fam in trouble

#help #rentcrisis #pleasehelp #signalboost #trans family in need between extra medical costs with wisdomtooth surgery on extended delay (hospitals full) & #chronicillness life costs we cant make rent. please pass this around, email for paypal cdn transfer [email protected]

#help #rentcrisis #pleasehelp #boost #signalboost #transfam #chronicillness #poverty #disability #crisis

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whatcanbedid · 2 years

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#housing #rent #housing crisis #rentcrisis #eviction #homelessness #houseless #homeless #landlords #society #america #united states #covid #boots

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princeofthesuburbs · 4 years

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Thankful for the chance to speak out and perform at the #CancelRent rally! NYC already had a major rent crisis before corona virus but now it’s jus ridiculous. And there is no plan except to throw us out on the street 😭😅. We won’t rest until we not only end homelessness but also make sure everyone that already has a home can keep it. Love is a human right! Shelter is a human right! I LOVE YOU! 💖❤️I have a dream that everyone will have a place to stay one day! Thanks to all who came out and supported and to the organizers! @bedstuytenants and I love @realleadelaria they are amazing!!! ❤️❤️❤️❤️❤️donate to our movement at paperboyprince.com/love (link in bio) ❤️❤️💜💜❤️💕💕💖💖💕❤️❤️💕💕💖💕❤️❤️❤️💕💕💜💜💜😃😃😃😃😃😃😃😇😇😇😇😇😇 #hahapaper #covidrelief #rentcrisis #housingforall #bedstuy #bushwick #rentistoodamnhigh #paperboy2020 (at Maria Hernandez Park) https://www.instagram.com/p/CCeTc9SJ6lX/?igshid=rax0negmdlyu

#cancelrent #hahapaper #covidrelief #rentcrisis #housingforall #bedstuy #bushwick #rentistoodamnhigh #paperboy2020

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nealrockwell · 4 years

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Yesterday housing activists marched to Toronto mayor John Tory’s condo to protest bill 184 which will speed up evictions once the COVID-19 moratorium is lifted. Many tenants are worried because pandemic related economic issues mean they will owe a huge debt in back rents as well as being forced to make their already exorbitant monthly payments. The protest saw a heavy police presence. Several people were pepper sprayed, 3 or 4 were arrested by police but let go as protesters promised to leave peaceful if they were released without charges. One officer was present with a rubber bullet rifle which was not used. #nocovidevictions #keepyourent #nobill184 #covid_19 #rentcrisis #toronto #ontario #johntory #mayor #bill184 #documentaryphotography #documentary

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nealrockwell · 4 years

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Yesterday housing activists marched to Toronto mayor John Tory’s condo to protest bill 184 which will speed up evictions once the COVID-19 moratorium is lifted. Many tenants are worried because pandemic related economic issues mean they will owe a huge debt in back rents as well as being forced to make their already exorbitant monthly payments. The protest saw a heavy police presence. Several people were pepper sprayed, 3 or 4 were arrested by police but let go as protesters promised to leave peaceful if they were released without charges. One officer was present with a rubber bullet rifle which was not used. #nocovidevictions #keepyourent #nobill184 #covid_19 #rentcrisis #toronto #ontario #johntory #mayor #bill184 #documentaryphotography #documentary

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nealrockwell · 6 years

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Ikram Dahir has lived in Herongate for 27 years. Her family is facing eviction for the 2nd time in 2 years.

#defendherongate #rentcrisis #forcedeviction #eviction #evictionnotice #timbercreek #Ottawa #canada #nationalcapital #herongate #altavista #gentrification #humanrights #africville

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