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(The Economic Collapse Blog)—If you are still able to afford a decent home, you should consider yourself to be incredibly blessed, because vast numbers of Americans do not have a permanent place to live at this point. Homelessness in the United States is at the highest level ever recorded, and it has been growing at the fastest pace ever recorded. The homeless encampments that have been popping up all over our major cities have been making lots of headlines in recent years, but many of the homeless live and die in very isolated places far from public view. What I am about to share with you should deeply sadden all of us.
Way back in the woods in southwest Florida, trails that have been made out of discarded carpets lead to absolutely enormous homeless encampments where hordes of homeless people have made homes for themselves.
One man was able to find these infamous “carpet trails”, and he posted footage of them on his YouTube channel…
Coastal areas of southern Florida are very popular among the homeless because the nights never get too cold even during the winter.
But there are plenty of other hazards, and just trying to stay alive can be a real struggle.
Of course the west coast is dealing with an even greater crisis.
In Portland, homeless encampments have taken over vast stretches of the city and nobody seems to have any solutions.
KATU recently visited one of the most notorious homeless encampments, and they discovered that it has gotten even bigger since the last time they visited it…
This is what a collapsing society looks like.
Poverty and hunger are spreading like wildfire, and the deplorable conditions in many of our core urban areas are being openly mocked all over the globe.
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In fact, in China they are actually “producing documentaries on the collapse of American cities”…
The Chinese are now producing documentaries on the collapse of American cities. What this showcases is the grim aftermath of decades of deindustrialization, disastrous progressive policies, and an opioid crisis—ironically fueled by China.
“Chinese are making documentaries about ultra-extreme poverty and decaying cities since they don’t exist in China anymore,” X user S.L. Kanthan wrote in a recent post, accompanied by a short clip from the documentary highlighting the implosion of Oakland, California.
Since the video was narrated in Chinese, X user TranslateMom translated some of the captions, which said, “Everywhere is garbage … People don’t live in places. There are wanderers everywhere.”
One of the primary reasons why so many people are forced to live in the streets is because housing has become ridiculously unaffordable.
If you can believe it, there are now 237 U.S. cities where “buyers will find a price tag of $1 million or more on the typical starter home”…
A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find a price tag of $1 million or more on the typical starter home, a new Zillow® analysis finds.
The typical “starter home” — defined for this analysis as being among those in the lowest third of home values in a given region — is worth at least $1 million in 237 cities, the highest number of cities ever. Five years ago, there were only 84 such cities.
That is nuts! Who can afford to pay a million bucks for a “starter home”? This is what rampant inflation has done to us.
It has absolutely eviscerated our standard of living, and ordinary Americans such as you and I are feeling a tremendous amount of pain right now.
According to Zillow, California, New York and New Jersey are the states that have the most cities where a typical “starter home” costs at least a million dollars…
Exactly half of all states have at least one city with a typical starter home worth $1 million or more. There are 117 such cities in California, well ahead of New York (31) and New Jersey (21), which have the second- and third-highest numbers. Florida and Massachusetts round out the top five with 11 each.
Among metropolitan areas, the New York City metro, which includes parts of New Jersey and Pennsylvania, has the most cities with million-dollar starter homes at 48. The San Francisco metro has the next highest count at 44, followed by Los Angeles (35), San Jose (15), and Miami and Seattle, each with eight. Irvine, with a population of more than 300,000, is the biggest city with $1 million starter homes.
Of course California is also being overwhelmed by homeless encampments right now too.
Progressive policies have resulted in a chronic shortage of affordable housing, and that isn’t going to change any time soon.
Sadly, conditions are only going to get worse all over the nation because our economic momentum is rapidly taking us in the wrong direction.
For example, we just learned that credit card delinquency rates have risen to the highest level ever recorded…
A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates.
New data published by the Federal Reserve Bank of Philadelphia shows that credit card delinquency rates in the first quarter of 2024 rose to the highest level since 2012, when the Fed began tracking the data. All stages of credit card delinquency — 30, 60 and 90 days past due — rose during the first three months of the year.
And another major retailer just went bankrupt and is closing lots of stores…
Home goods retailer Conn’s HomePlus filed for Chapter 11 bankruptcy protection Tuesday and announced plans to close at least 70 locations across 13 states.
On its website, Conn’s says it will close 18 locations in Florida, nine in Texas and seven in Arizona. Other states that will see stores close include Virginia, Colorado, Mississippi and Oklahoma, among others.
Everywhere you look, there is suffering.
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But for the moment, those at the very top of the economic food chain are still thriving.
In fact, the wealthiest one percent have actually gotten 42 trillion dollars wealthier during the past decade…
The world’s richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
Despite this windfall, taxes on the rich had plummeted to “historic lows”, the NGO added, warning of “obscene levels” of inequality with the rest of the world “left to scrap for crumbs”.
A day of reckoning is coming for them too.
In fact, a day of reckoning is rapidly approaching for the entire planet.
Our system is fundamentally flawed, and decades of really bad decisions have brought us to a breaking point.
So please don’t look down on those that have lost their homes and have no place to live, because lots more people will be joining them soon.
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
Does Donald Trump REALLY Have This Election “In the Bag”?
by JD Rucker
No. Stop it. Remember 2020. Remember the tens of millions of illegal aliens, 14% of whom are apparently registering to vote. Remember that while most states can report results in less than a day, for some reason battleground states like Pennsylvania and Georgia are incapable of reporting for days or…
Daniel Penny Subway Chokehold Trial Begins
by Zero Hedge
Jordan Neely’s death in a crowded Manhattan subway car made worldwide headlines in May 2023, after bystander footage showed former Marine Daniel Penny restraining the erratic homeless man in a fatal chokehold. The case is finally set to go to trial, with jury selection beginning Monday. Penny, who has argued…
You Can’t Get Blood Out of a Stone: U.S. Consumers Have Been Squeezed Bone Dry as the U.S. Economy Falters
by Michael Snyder
(The Economic Collapse Blog)—A recent survey discovered that 79 percent of Americans believe that the U.S. is on the wrong track right now. As a nation, we may not agree on much, but this is one thing that almost all of us can agree on. Needless to say, the economy is…
US Investigating Leak of Israeli Attack Plans for Iran
by Publius
The United States government is currently engaged in an investigation concerning the unauthorized release of classified documents that detail Israel’s planned military attack against Iran, as reported by The Associated Press. These sensitive documents, attributed to both the U.S. Geospatial Intelligence Agency and the National Security Agency, indicate that Israel…
Bank of America Sees Gold Breaking $3,000 Sooner Rather Than Later
by Sponsored Post
Gold has recently experienced a remarkable resurgence, setting record highs and drawing renewed attention from both retail and institutional investors. This shift comes as traditional safe-haven assets are increasingly perceived to be under threat. Strategists at Bank of America suggest that investors, including central banks, should consider reallocating into gold…
Texas DPS Encounter Group of 30 Illegal Aliens with 3 Unaccompanied Minors and 3 Special Interest Illegals
by The Gateway Pundit
Texas DPS apprehended a group of 30 illegal aliens on Sunday in Maverick County. In the group were 3 unaccompanied minors and 3 illegals from the “special interest” countries of Iran and Guinea. Special interest refers to countries that pose a threat to United States national security including potential terrorist…
‘Nightmarish Scenario:” Creeps Can Produce AI-Generated Deepfake Nudes of Anyone With a Few Clicks
by Breitbart
Online AI chatbots are enabling users to generate explicit nude photos of real people with just a few clicks, raising alarms among experts about a looming “nightmarish scenario.” A recent investigation by Wired has uncovered a disturbing trend on the messaging app Telegram, where dozens of AI-powered chatbots are allowing…
Elon Musk Goes All-in for Trump at Huge Pittsburgh Rally, Says ‘Stakes Are Too High’ to Remain Politically Neutral
by The Post Millennial
Elon Musk was in Pennsylvania Sunday along with Republican presidential candidate Donald Trump to tell Keystone State voters that although he might “hate politics” he’s engaging in it right now because “the stakes are too high that … I feel I have no choice.” “Yeah, anyway, so I’m dramatically increasing…
Fake Meat Industry Now Demanding Public Subsidies Due to Lack of Customer Interest
by Ramon Tomey
(Natural News)—The fake meat industry is now demanding public subsidies to prop itself up, given that customers have spoken with their wallets and said “no” to lab-grown meat. Data from AgFunderNews cited by the National Pulse reveals that the industry is in dire straits due to dwindling money. Funding for the lab-grown meat sector peaked…
Dominion Voting Systems Issues a Chilling Warning to Conservatives Weeks Before the Election
by The Gateway Pundit
Dominion Voting Systems has issued a chilling warning to conservatives just weeks before the all-important presidential election. In a post on the X platform, the company said that it was “closely monitoring” claims that its machines may be compromised. “Dominion is closely monitoring claims around the Nov. 2024 election and…
Coward: Hamas Chief’s Bunker Loaded With UN Food, Millions in Cash, Weapons and More
by Red State
The one constant in the entire “Islamist terrorist” issue is that their leaders 1) never place themselves in any direct danger, although sometimes danger in the form of the Israeli Defense Forces (IDF) manages to find them anyway, and 2) they generally live in wealth and luxury while their fighters…
Fire Departments Sued by Biden-Harris for Requiring Job Candidates to Learn How to Fight Fires
by The Gateway Pundit
Thank heavens for the Biden-Harris administration and its steadfast determination to root out institutional racism wherever it may hide. And it hides in the strangest places, too. For instance, do you know it’s institutionally racist to expect a firefighter to know enough to fight fires? I know, I’d been too…
“The Epitome of Evil” Is Running Operations Out of Government Facilities “Established to Provide Assistance” to Illegals
by Michael Snyder
(End of the American Dream)—Are you ready for the truth? Since Joe Biden entered the White House, we have witnessed a tsunami of migration that is unlike anything we have ever seen before. Millions upon millions of people that are not being properly screened are taking advantage of our deeply…
Iran Deserves Listing on Global Terror Finance and Money-Laundering Blacklist
by WND
On Oct. 21, the plenary of the Financial Action Task Force, or FATF, will convene in Paris. Should the organization that sets global standards for countering money laundering and terror finance consider removing the Islamic Republic of Iran from its blacklist, as Tehran hopes, the answer should be a resounding…
The All-Too-Short List of Conservative, Anti-Globalist Leaders
by The Gateway Pundit
As the world shifts leftward and increasingly embraces globalism, a handful of leaders remain as holdouts—conservative, anti-globalist figures who advocate for national sovereignty, economic protectionism, and opposition to globalist institutions such as the United Nations, the European Union, or multinational trade agreements. They frequently push for secure borders and immigration…
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