SILVER, HOUSING CPI, AND THEIR RELATIONSHIPSilver has ingredients for an upward move over the next few years and decades. Timing is everything. DYOR. Longby kyleruzek1
Housing - A Shortage of Qualified RentersThe country is running out of affordable places for people to live. Private Property rights are being suspended. The share of people behind on mortgages, after falling steadily for months, recently hit its pre-pandemic level. Housing conditions over the past year make it clear that while one crisis is passing, another is growing increasingly worse. The pandemic has left millions of others struggling to make their housing payments, especially lower-income households and people of color. For the past year, lower-income tenants have relied heavily on government support to pay their monthly bills. 34% of renters used unemployment or stimulus payments to pay rent at some point during the pandemic — but the majority of renters still had to borrow or draw on savings to cover bills, leaving them less able to weather future emergencies, much less save for personal investments or a down payment for a home. safeguards have expired over the past few months, and the federal eviction moratorium issued by the Centers for Disease Control and Prevention in September will come to a decided closure at the end of the month. The president undertook an Executive Action that the Supreme Court has just determined is illegal. A U.S. appeals court ruled on Friday, July 23rd that the Centers for Disease Control and Prevention lacked authority for the national moratorium it imposed last year on most residential evictions to help curb the spread of the coronavirus. Several States have kicked the can down the road into September 3oth to October 31st. Prior rulings are being overturned State by State, Lawsuits are being filed daily as Realtors are feeling the squeeze as Independent Producers are facing large losses, unbale to recover back Rents past due. Extending these losses will compound the anger and outrage. The Rentier class isn't rolling over. Shortby HK_L612