WE CAN'T END THE HOUSING CRISIS, HOMELESS CRISIS, JOBS FOR LIVING WAGES CRISIS OR LA RAZA CRIME WAVE AND WELFARE STATE ON OUR BACKS UNTIL WE PUSH MEXICO BACK OVER OUR VOTERS.
THERE ARE NOW 40 MILLION ILLEGALS IN OUR OPEN BORDERS!
When have you ever heard out of the mouth of a pro-amensty politicians a word about America's shameful homelessness?
When have you ever heard out of the mouth of a pro-amensty politicians a word about America's shameful homelessness?
THE MANY CRIMINAL
LIVES OF BARACK OBAMA AND HILLARY CLINTON
The thuggishness of
Barack was clear early on. There was his land deal, wherein he enriched
himself with Tony Rezko in Chicago. All his political wins came by
nefariously taking out his political opponents rather than beating them fairly
in the arena of ideas. Everyone should have known.
STAGNANT WAGES and
the Dem Party’s obsession with open borders, amnesty and no damned legal need
apply!
THE LA RAZA
SUPREMACY PARTY for OPEN BORDERS, AMNESTY, NON-ENFORCEMENT, NO E-VERIFY and no
Legal need apply!!!
The Democratic Party used to be the party of blue
collar America- supporting laws and policies that benefited that segment of the
U.S. population. Their leaders may still claim to be advocates for
American working families, however their duplicitous actions that betray
American workers and their families, while undermining national security and
public safety, provide clear and incontrovertible evidence of their lies…. MICHAEL
CUTLER …FRONTPAGE mag
Rising
rents put low income US renters in severe jeopardy
By Debra Watson
8 January 2018
The
recent severe cold spell in large parts of the US will be remembered most due
to the frequent reports of homeless citizens freezing to death, because they
could not find housing, or even emergency shelter. Half a million homelessness
are living on the streets of major US cities this winter, according to official counts.
Millions more face a precarious housing situation, threatened
not only by a lost job or illness, events that often lead to a foreclosure or
eviction, but a general decline in living standards related to widening income
inequality in the US.
Precipitous increases in rent and stagnant and declining wages
are creating an unsustainable squeeze on lower income households. The number of
those who must spend the majority of their monthly income on rent is rising and
along with that the portion of the monthly income they spend on rent is rising
too.
A
December report on the housing crisis that appeared in a publication of the
Board of Governors of the US Federal Reserve, called FEDS Notes,
reports on the distress for families in the lowest US income quintile brought
on by a squeeze in monthly income from rising rents and stagnant or falling
wages.
In general, these families earn under $25,000 annually. The
lowest-paid fifth of US households includes workers making more than minimum
wage. In Michigan a minimum wage job for a worker employed every week for the
whole year yields about $18,000. Rent increases have rapidly and relentlessly
outstripped stagnant or declining annual wages for workers at the lowest income
levels.
Written by researchers from the US Federal Reserve and the
Brookings Institution, the December report notes that the portion of monthly
income that low-income households must spend on rent has been rising through
the last several business cycles. “Rent burdens have increased over the past 15
years, due to both increasing rents and decreasing incomes,” they say.
The squeeze is relentless. Families at the bottom end of the pay
scale have not been able to get out of the squeeze in the business recovery
after a recession. They note: “This increase in rent burdens over the past 15
years occurred through each business cycle period including both the period
prior to the financial crisis (2000-2006), the economic downturn (2006-2009)
and the subsequent recovery (2009-2015). Although rent-to income ratios are greatest
among low-income households, the share of income spent on rent also rose among
higher income renters.”
They also explain the main economic sources of the plight of
low-income renters: “Of the overall decline in residual income since 2000,
around two-thirds came from declines in income among renters and one third
resulted from rising rents.”
The FEDS
Notes release in late December used statistics from the US Census
Bureau American Community Survey. Their report provides a window into the
desperate circumstances working class families, especially those at the low end
of the income scale, now face when seeking housing.
They note the deterioration of renter family’s ability to cope
with the ever-rising rents. “The median renter in the lowest income quintile
pays 56 percent of monthly income on rent,” exceeding HUD’s standard for rent
burdened, paying more than 30 percent of income on rent and severe rent
burdened, paying more than half of income for rent. “Though the rent burden has
increased at every income level, it is especially acute at the lower end of the
US income scale,” they say.
“Such renters have little left for paying everything else,”
according to the report. “In the lowest income quintile in the US a family has
just $476 left after housing costs for all other basic needs,” noting Census
bureau estimates that a family needs nearly three times this—$1,400—for these
basic needs.
Last
fall Freddie Mac Multifamily presented detail that throws
light on the trend of rising rents. Researchers there noted how rapidly rents
in multi-family units they finance are going up. Increases on rents on existing
properties in apartments were squeezing low-income renters, following a general
trend in US rental housing reported elsewhere by housing advocacy groups.
The Federal Mortgage Home Loan Corporation (FMHLC) or Freddie
Mac, is one of two major US housing finance entities, along with Fannie Mae.
Some sixty to eighty percent of affordable rental apartments in
privately owned multi-family apartment buildings financed by mortgage lender
Freddie Mac have been eliminated in the US since 2010.
Very low
income households, used in the Freddie Mac report, are defined for various US
government agencies as families making half or less than the median income in a
particular geographical area. This is a step above HUD’s Extremely Low Income
designation, and falls in the same range as the lowest quintile households
covered in the FEDS Notes report.
In the Detroit metropolitan area in 2016, very low income was
about $24,000 for an individual renter. By comparison, extremely low income
individuals have annual incomes of about $14,000.
Along with a dearth of building in the low-income rental
market—most new apartments are built and command rents only affordable to the
much better off—the report notes that housing construction costs are also a
factor and have been exacerbated by the hurricane destruction in Texas, Florida
and Puerto Rico.
Freddie Mac researchers compiled figures back to 2010 on lending
to multi-family projects, that is apartment buildings they financed twice
during that period: “[W]e analyzed the affordability of the exact same units at
two different, but close, points in time.”
Families denoted as VLI necessarily had not moved out as rents
increased year by year. Instead the same population living in the buildings
ended up paying what amount to unsustainable housing costs, paying rents
exceeding the HUD affordability benchmark.
The Freddie Mac researchers used two sets of data to look into
affordable housing for very low income renters. The first used internal numbers
on a relatively small set of data to examine how it compared with overall
trends in rental housing adversely impacting lowest income renters being
reported elsewhere.
In the 97,000 rental units in multi-family buildings Freddie Mac
financed in 2010 and then again in 2016, the percentage of units affordable for
very low income households dropped by more than half, from 11.2 percent to 4.3
percent nationwide. These were refinances of the exact same units.
Some states were hit hard. For example, in Colorado in 2010
about a third—32 percent of the 5,100 rental apartments financed with Freddie
Mac loans were affordable for very low income households. By 2016 the same
buildings were re-financed by the agency and only 7.5 percent of the very same
apartments were VLI affordable.
An expanded part of their analysis looked at all multi-family
housing projects they originated from 2010 to 2016 and found an even greater
decline of 78 percent between 2010 and 2016 of apartments deemed affordable to
very low-income renters when Freddie Mac lent to the owners. Rent increases had
wiped out affordability at tens of thousands of units by 2016.
It is
remarkable that warnings usually heard from housing agencies and advocacy
groups—that is groups dedicated to advocating for the vulnerable—are the
subject of earnest reports advanced by financial entities at the commanding
heights of the US economy. The Federal Reserve is a key player in fueling the
general investment frenzy leading to the stock market rise and contributing
to driving up rents.
The few solutions being offered are less than inadequate.
Freddie Mac indicates in its report that one approach to addressing the problem
is to look to financing manufactured homes—that is, into one of the most
dangerous housing options one can find! This parallels the sclerotic federal
and state efforts, often advanced by sections of the Democratic Party, to
provide funding for assistance. Even existing programs, woefully underfunded,
face decimation under the Trump administration to pay for tax cuts to the
wealthy.
"Congress must prioritize
four repairs for the immigration system before contemplating any
DACA-style amnesty negotiation, said Brat: 1. Ending chain migration and the
visa lottery; 2. Mandating employer use of E-Verify; 3. Construction of a southern border wall;
and 4. Interior enforcement of immigration law." REP. DAVE BRAT
TRUMP’S SECRET
AMNESTY, WIDER OPEN BORDERS DOCTRINE TO KEEP WAGES DEPRESSED.
"During the same month that
Schlafly had backed Trump for his “America First”
agenda, Nielsen’s committee released an ideologically-globalist report, promoting
the European migrant crisis
as a win for big business who would profit greatly
from a never-ending stream
of cheap, foreign
migrants."
AMERICA: ONE PAYCHECK AND TWO
ILLEGALS AWAY FROM HOMELESSNESS!
http://mexicanoccupation.blogspot.com/2017/12/rick-moran-los-angeles-mexicos-second.html
A dashcam video of downtown Los Angeles on
Christmas day reveals a stunning sight: hundreds of tents and lean-tos on the
sidewalks that serve as shelter for the homeless. The scene is reminiscent of a
third-world country. RICK MORAN / AMERICANTHINKER
com
HOMELESS CRISIS IN LOS ANGELES,
MEXICO’S SECOND LARGEST
CITY, WORSENS BY THE DAY…. Approximates the great depression
http://mexicanoccupation.blogspot.com/2017/11/homeless-crisis-in-mexicos-second.html
93% of the murders in Los Angeles are by
Mexicans
HOMELESS AMERICA’S HOUSING CRISIS as 40
million illegals have climbed U.S. open borders.
http://mexicanoccupation.blogspot.com/2017/12/homeless-in-america-hundreds-of.html
EVERY AMERICAN (Legal) only one paycheck and
two illegals away from living in their cars.
CHICAGO: THE FACE OF A NATION IN SHAMBLES
CHICAGO’S BLACK GANG LAND…. Is what happens when
bankster Rahm Emanuel and his corrupt
Obama party turned the city under!
ILLINOIS FALLS TO LA RAZA MAYHEM.
“Illinois is
a state full of illegal aliens. One in seven Illinoisans are immigrants, with 450,000 official illegals. One point two
million jobs are taken by illegals in Illinois. This is one of the
most heavily invaded states in the Union.” --- Timothy Birdnow
JOHN BINDER
CALIFORNIA MOVES CLOSER TO
FINAL ANNEXATION BY MEXICO
DE FACTO CITIZENSHIP PER LA
RAZA:
NO TEST, NO BACKGROUND CHECKS
ON CRIMINALITY, NO BACK TAXES, NO FINES.... JUST JUMP STRAIGHT TO
VOTING BOOTHS! AND VOTE OFTEN!!!
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