🔴 Housing Crisis in the U.S: 650,000+ HOMELESS Persons as Housing Unaffordability Hits All-Time Hig

Hello, everyone. Welcome back. Thank you for being here. The United States is facing a housing affordability crisis and an extreme homelessness problem unseen before. This is extremely, extremely concerning because this is a sign that the middle class, which traditionally has been the backbone of the American society, is disappearing. The income gap is getting wider as the number of those who are unable to become homeowners in their lifetime is rising. Homeownership has historically been a way to transfer wealth to future generations, and that link has been broken. At the same exact time, the number of homeless individuals who are permanently, permanently on the streets in big cities, that number has risen to just below 700,000 across the United States. We have more than half a million of individuals living on the streets. So what does that tell us about our society, about our government, about our economy? And when you factor in sending billions and billions overseas, by the way, did you know that we just sent more troops to the Middle East on September the 23rd, more troops were sent? When you have more than half a million on the streets and you send billions overseas month after month, year after year, there has to be a point when our society wakes up and recognizes that foreign interventions are in fact taking place, they're being funded at your expense. So first, let's take a look at the latest housing affordability data. It is historically unaffordable to buy a home in the United States right now. And in the second part of the video, we will discuss the homelessness and the crisis that is unfolding because it is a crisis. It should not be underestimated or brushed under the rug. It is a homelessness crisis that is taking place right now across the United States. So to begin with, I would like to share the results of a recent consumer survey. It shows that the United States population has never been so worried about the year ahead. This is a monthly University of Michigan survey that was just released. The share of consumers uncertain about business conditions over the next year spiked to 51% in September, the most on record. In fact, over the past four to five months, it doubled. This is the worst reading in the past three decades. Housing and food are the essentials. And those two areas have been hit the hardest by rising prices. The current ratio between the United States home prices to median household income is now at a new all time high. This is an excellent illustration here. The average single family home in the United States costs more than seven times the median annual household income. As you can see here, during the 2008 housing bubble, the average single family home was 6.8 times the median income. You may have seen headlines that the median U.S. mortgage payments in September declined. It now stands at $2,534. This is the latest analysis from Redfin, and it does show a rolling four weeks average. It shows mortgage payments have indeed declined, but this has nothing to do with any other factors except for a decline in interest rates. So don't let that confuse you. Housing affordability is getting worse with no end in sight. Middle income Americans have no choice but to rent. And this is precisely why we see entire neighborhoods across the United States, entire neighborhoods are being built that are from the very beginning advertised as for rent, not for sale. There is a reason for that. Now, the other side of the housing affordability crisis is, of course, the rise in the number of homeless individuals across the United States. This is not just the issue faced by the blue cities or blue states anymore. This is across the board. It is now reported that the United States homeless population exceeds 650,000 individuals, which is likely an understatement because it is very challenging to get an accurate number at any given point in time of how many individuals are experiencing homelessness. And whenever we see a number, we have to understand that it is a snapshot at that exact point in time. It fluctuates, especially with a number of border crossings and the jobs market getting tighter and tighter, which does have a direct impact on living conditions and on the ability of people, of individuals to pay rent and to pay mortgage. Since this year has not ended yet, we will look at the full year's worth of data for 2023 with the understanding that current numbers likely doubled. According to the National Alliance to End Homelessness, a record high of 653,000 people experienced homelessness in the beginning of 2023. This is more than 12.1% increase over the prior year. More people than ever are experiencing homelessness for the first time. From 2019 to 2023, interesting time period, from 2019 to 2023, the number of people who entered emergency shelter for the first time increased more than 23% by a quarter, it increased by a quarter. Record high numbers of people living unsheltered, meaning on the streets, are rising. The number of renter households paying more than 50% of their income on rent increased dramatically, rising nearly 13% between 2015 and 2022. Lastly, after years of declines due to targeted assistance, the numbers of veterans and chronically homeless individuals experiencing homelessness are both rising again, with a 7% and 12% increase, respectively, since the previous year. These are frightening numbers, and it is safe to assume that the 2024 data, once it is available, may be far worse. This is the type of criteria that we need to look at to get an understanding of what is going on around us and how these domestic policies impact the population in the United States. The rise in homelessness is not coincidentally correlated with the rise in trafficking in humans and in drugs, as well as with the number of overdoses that have skyrocketed. This is a national emergency that nobody is talking about because we're so distracted with the volume of information and the number of events that are happening every single day. We're distracted. We're not paying attention, and we don't have the data to form an expectation to get an understanding of what's actually going on. There's a very clear overlap between the rise in homelessness and in other crimes, including trafficking of individuals of all ages, which is a form of modern-day slavery that is happening as we speak. So, as you can see, these are very important issues that are extremely disturbing. Being able to afford a home has become a luxury in the United States. As the rate of homelessness rises, we're experiencing an increase in crime, including an increase in drugs and human trafficking cases. Thank you for watching. Remember to like, subscribe, and share. Make sure that you give my alternative, my backup channel, a follow. You will see the links in the video description below. I certainly hope to see you there as well. And have a great rest of your day. I will see you tomorrow. Take care.