New data just revealed that eviction cases in the U.S. have jumped by almost 80% since October 2022. Official agencies report that about 13% of the U.S. population, which represents over 40 million people, is at risk of losing their homes this year amid explosive rent prices and a worrying trend among some of the country’s biggest landlords of increasing the rate of monthly evictions to boost their cash flow growth.
While companies and investors worry about their bottom lines, families are losing everything, and homelessness is growing all across the country. Housing advocates say this is the cliff we’ve been warned about and things will only go downhill from here.
Corporate landlords are removing renters from homes at rates that largely surpass the typical pre-pandemic rate, a new report from the Eviction Lab at Princeton University shows. Analyzing how eviction levels changed in 32 U.S. cities over the past six months, researchers found that landlords in these areas filed about 970,000 eviction cases every month, a whopping 79% increase compared to a year prior.
In Phoenix, for example, rent prices shoot up over 25% year over year, with a median asking rent of $2,261. In Maricopa County alone, evictions are at their highest levels since at least 2016, with more than 45,000 filings so far this year. “Lately, it just seems to be all that we’ve been doing,” said Huberman, the presiding justice of the peace for Maricopa County.
Even areas experiencing less dramatic increases in rent are witnessing a rise in evictions as Americans scramble to cope with inflation. In Minneapolis, where rent increases have trended below the national average, evictions in December were 37% above their historical averages after shooting up in June, when the state lifted its eviction moratorium.
In the last quarter, the Las Vegas Justice Court head over 45,000 eviction cases, a significant rise compared to earlier years when the average was closer to 30,000 cases. In Dallas County, home to the city of Dallas, landlords filed almost 60,000 evictions in the past four months. This is not just a problem isolated to major urban centers, but also rural and industrial communities, where housing costs have been surging at an alarming pace as well.
The latest analysis of weekly U.S. Census data indicates that in the absence of robust and swift intervention, an estimated 44.5 million people in America could be at risk of eviction in the next several months. That represents about 13% of the U.S. 331 million people population.
“My biggest fear is the cliff that we’ve been all anticipating is here. From here on out, it’s going to be a very, very difficult time,” highlighted Tim Thomas, research director at the Urban Displacement Project at the University of California, Berkeley. “I don’t want to be a doom and gloom person, but we’re probably about to see the worst of what’s about to happen.”
Although inflation has finally started to ease, overall economic uncertainty is still on the rise, and rents nationwide are still $800 more expensive than in 2019. Before the pandemic, the median rent in the U.S. was at $1,062. Today, it stands at $1,937. America can’t afford to wait for another major national emergency to happen to finally start taking action. People are losing the roof above their heads, and their sense of dignity and security now, so we must act now before this crisis spirals out of control.
Article cross-posted from Epic Economist.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
Because they don’t want to/have no interest in working. They want everything to be free. Parasites every last one of them.
But HEY, Look at the made up employment numbers!!
Gee, rent prices have spiked ya say? Evictions have spiked ya say? A wise man once said; “For every action, there is an equal and opposite reaction.”
When this feckless government declared from on high during the WuFlu scandemic that tenants did not have to pay rent nor could they be evicted what did any logical person think would happen? Landlords that actually survived that dictate had to make back their loss. Rent prices were sure to escalate greatly even if there was no overt inflation. Evictions have just begun to spike…..way too many newly minted squaters became accostomed to sitting home, collecting hyper-enhanced unemployment benefits. That gravy train has come to close. Couple that now with an already freshly allowed 6 million illegals with an additional 6 million more and rent prices will certainly continue to explode.
Biteme and his handlers at their best………
Oh, yeah. Things are great. Inflation is down. Prices are down. Unemployment is down. Sure, sure. I have to get my eyes examined because that’s not what I see in my community.
Don’t worry, the government will fill those soon to be vacant apartments with illegals, paid by us, the tax payers.
Bingo! And census info is how they will do it.
I think it’ll go something like this:
Census & county records show you are a family of 3 living in a large home.
Govt says you must take in two illegals, OR pay a TAX.
Wealthy people pay up, people barely making it take in illegals.
First place this will happen is California. Other states OR cities will follow.
The government’s power to tax has NEVER been overturned by SCOTUS. That is the only way Obamacare passed the sniff test for SCOTUS to OK it.
they need a new voting/handout class
will they shoot us now for having a low credit rating
Mass Violence against the parasitic elites and ruling powers, the banker class, is what is necessary.