Posted on 09/21/2016 7:36:53 AM PDT by ChicagoConservative27
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show.
There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report.
The city’s fiscal year runs from July 1 to June 30.
Without the aid — which comes from city funds and was approved in roughly two-thirds of the cases — even more families would likely have entered the shelter system.
“I think the need is as high as it’s been over the past several years in terms of folks not being able to afford New York City,” said Giselle Routhier, policy director at Coalition for the Homeless
(Excerpt) Read more at nypost.com ...
Change you can believe in. Obama: Making People Homeless since 2008.....
The larger crisis is that nobody wants to buy homes with 5-figure property tax bills while working the McJobs that are available; the government has opened the borders to bring in potential homeowners, but too many of these people have no interest in joining the tax base - just the welfare base.
Meanwhile, the government is providing free housing and cars to Middle Eastern refugees....
Meanwhile, Hitlery insults the homeless on the Jimmy Kimmel show!
My wife works for Fannie Mae. She says there will be another housing crisis in 2-5 years.
The company is preparing for it.
Does that mean house values will go up in general?
Yes, values will keep going up until there is a crisis.
This is not the case in NY City. Property taxes are low relative to surrounding areas, because NYC relies on a city income tax for the bulk of its revenue.
And NYC has a relatively large number of jobs that pay in the $100-500K range.
Change you can believe in. Once you were solvent, now you’re not. CHANGE!
Move to Detroit. You can buy a house there for a dollar.
“The larger crisis is that nobody wants to buy homes with 5-figure property tax bills while working the McJobs that are available; the government has opened the borders to bring in potential homeowners, but too many of these people have no interest in joining the tax base - just the welfare base.”
My fear is that all of these problems will come to a boil under Trump. Never mind that they have been festering for 45+ years...
Looking forward to it. I figure I have one more financial crisis left in me, and oil prices never did get low enough. Any insight as to geographic locations?
Sooooo...good to stay in the houses we’re in, right?
Worth the listen
https://www.youtube.com/watch?v=Dkq-bLqO7q8
I highly recommend checking out other Bill Bonner videos.
This one is also very entertaining and makes the point fairly quickly:
https://www.youtube.com/watch?v=TlN28DoL5qA
Sorry citizen, there will be no more grants, you’re on your own. We need that money for the Syrian terror...I mean refugees, non citizens. I’m sure you can understand. Sorry for any inconvenience.
I was born in Highland Park, Michigan, a very close suburb to Detroit. Right now, I could buy the house I was a child in for about $15,000 — maybe less, if I negotiate! Er...not planning to buy my childhood home.
All set to come crashing down the minute Zero leaves the White Hut.
Long Island and the counties just north of the city are facing the same death spiral as NJ, with the same results: slow ghettoization/foreign occupation of the areas. Still many exclusive areas, but less and less Americans (and W-2s issued) on the whole.
They’ll try to pin it on Trump because they work for the Empire, but anyone with a fraction of a brain knows that Trump is only in this race because the economy is in the toilet. When Otoken has to campaign for Hillary in PHILLY, it is an ominous sign that they don’t anticipate getting votes outside of the unassimilated urban cores.
Hillary is trying to keep THE BLACK UNDERCLASS from voting for Trump...
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