Which Major West Coast City Is Being Overwhelmed By Rats, Drugs, Crime, Piles Of Garbage And Hordes Of Homeless People?

Can you name the major west coast city that has become a rotting, decaying hellhole and is being completely overwhelmed by rats, drugs, crime, piles of garbage and hordes of homeless people?  Of course San Francisco, Portland, Seattle, “all of them” and “any of them” would all be correct answers, but in this article we are going to talk about Los Angeles.  Once upon a time, millions of young Americans flocked to “sunny L.A.” in order to experience “the California Dream”, but these days Los Angeles seems to be on the cutting edge of many of our most critical societal problems.  L.A. has been known for Hollywood, the porn industry and world class traffic congestion, but now it is also becoming famous for “rat-infested piles of rotting garbage”

Rat-infested piles of rotting garbage left uncollected by the city of Los Angeles, even after promises to clean it up, are fueling concerns about a new epidemic after last year’s record number of flea-borne typhus cases.

Even the city’s most notorious trash pile, located between downtown LA’s busy Fashion and Produce districts, continues to be a magnet for rats after it was cleaned up months ago. The rodents can carry typhus-infected fleas, which can spread the disease to humans through bacteria rubbed into the eyes or cuts and scrapes on the skin, resulting in severe flu-like symptoms.

Today, approximately 18.7 million people live in the Los Angeles metropolitan area, and many fear that the rat population may exceed the human population at this point.

When garbage and filth are everywhere, rats can breed exceedingly quickly.  In fact, under ideal conditions two rats can become 482 million rats in just three years.

So you would think that L.A. would want to get this rat problem under control, but an NBC Los Angeles investigation discovered that “there is no plan or program to control the growing rat population”

But in Los Angeles, the I-Team learned there is no plan or program to control the growing rat population that feasts at trash piles like the one on Ceres Avenue.

“It’s something that we’ll look into,” said Pepe Garica, of Los Angeles’ bureau of sanitation.

Lovely, eh?

In a previous article, I noted that the rats have now even conquered Los Angeles City Hall

Officials at Los Angeles’ City Hall are considering ripping all of the building’s carpets up, as rats and fleas are said to be running riot in its halls.

A motion was filed by Council President Herb Wesson on Wednesday to enact the much needed makeover amid a typhus outbreak in the downtown area.

Wesson said a city employee had contracted the deadly bacterial disease at work, and now he’s urging officials to investigate the ‘scope’ of the long-running pest problem at the council building.

Meanwhile, the homeless population continues to multiply as well.

The number of homeless people living in L.A. has risen by at least 75 percent since 2012, and authorities cleaned up nearly 15,000 homeless encampments last year alone…

Nearly 15,000 homeless encampment cleanups were conducted last year in Los Angeles, a process that begins with officers clearing people from the area before sanitation workers remove trash and other items.

The cleanups cost taxpayers millions of dollars, but some residents who live near the encampments said they are usually repopulated soon after sanitation crews are done. It’s a seemingly endless cycle that leads neighbors to ask whether there are better ways to spend that tax money.

In other words, Los Angeles is cleaning up an average of 41 homeless encampments every single day.

Overall, Los Angeles spent a whopping 619 million dollars on the homeless problem last year, but it just continues to get even worse.

Of course wherever there is homelessness there is crime, and those that live in downtown L.A. are getting fed up

“Everyone living, working in, or visiting downtown has noticed the rapidly deteriorating conditions,” downtown resident Catherine Tomiczek told the committee. She said a friend was beaten and robbed on the street and a neighbor was stabbed in her building.

Councilman Paul Krekorian, who heads the committee, said he would request the information sought by the group. Major crimes downtown increased 6.7 percent this year compared with the same period in 2018, according to LAPD crime data through April 13.

Much of the violent crime is fueled by the drug trade, and according to DEA agent Bob Thomas Los Angeles is definitely a national hub for drug activity…

In a middle class neighborhood in Los Angeles a house is surrounded by crime tape. A young man had lost his life to drugs inside.

It’s happened a record 72,000 times last year in the United States and Los Angeles is a big part of the problem.

“Drug cartels send their stuff to LA, where it’s distributed across the nation,” DEA agent Bob Thomas said.

Further up the California coastline, northern California is being absolutely overwhelmed by a meth epidemic that is completely out of control.  Just consider these shocking numbers

Since 2011, emergency room visits related to meth in San Francisco have jumped 600% to 1,965 visits in 2016, the last year for which ER data is available. Admissions to the hospital are up 400% to 193, according to city public health data. And at San Francisco General Hospital, of 7,000 annual psychiatric emergency visits last year, 47% were people who were not necessarily mentally ill — they were high on meth.

“As California goes, so goes the nation” is a phrase that people like to use, but we better hope that it isn’t true, because California is going down the toilet.

And as our planet continues to become increasingly unstable, scientists assure us that it is only a matter of time before “the Big One” hits the state.  Earlier today, northern California was shaken by a magnitude 3.8 earthquake, and one of these days a truly catastrophic quake is coming.

In recent years, approximately five million people have packed up and moved to another state, and you can’t really blame them for leaving.

At this point I can’t really think of any reason why anyone would want to live in California.

Can you?

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Wealthy Elitists Freak Out As Hordes Of Homeless People Take Over Their Neighborhoods All Over The West Coast

The elite are very “tolerant” of the homeless until they start showing up in their own neighborhoods.  Even though the mainstream media keeps telling us that the U.S. economy is “booming”, the number of Americans living on the streets continues to grow very rapidly, and this is particularly true in our major west coast cities.  More than half a million Americans will sleep on the streets of our cities tonight, and they need help, care and shelter.  Sadly, as economic conditions deteriorate that number is likely to double or even triple.  Of course many among the elite are all in favor of doing something for the homeless, as long as they don’t have to be anywhere around them.

For example, let’s talk about what is going on in Los Angeles.  No city on the west coast has a bigger problem with homelessness than L.A. does, and many in the homeless population enjoy camping out on the beautiful beaches in the L.A. area at night.

But of course many of the elite that paid millions of dollars for beachfront property are not too thrilled about this.  Sex Pistols frontman Johnny Rotten was a key symbol of anti-establishment rebellion in the 1970s, but now he is freaking out because homeless people are making life very difficult for him and his wife in Venice Beach, and what he recently told Newsweek’s Paula Froelich is making headlines all over the nation

He told her the homeless situation in his swanky LA neighborhood is so bad that thieves are tearing the bars from the windows of his multimillion-dollar home, lobbing bricks, setting up unsightly tent cities and littering the beach with syringes.

“A couple of weeks ago I had a problem,” the former punk prince opined. “They came over the gate and put their tent inside, right in front of the front door. It’s like . . . the audacity. And if you complain, what are you? Oh, one of the establishment elite? No, I’m a bloke that’s worked hard for his money and I expect to be able to use my own front door.”

It is more than just a little bit ironic that a man that used drugs, sex and rock and roll to shoot to global fame now sounds like a tired old crank that just wants to get the hippies off of his front lawn.

And he also says that the beach in front of his home is almost unusable because of all the needles and human poop in the sand

Rotten added of the punks: “They’re aggressive, and because there’s an awful lot of them together they’re gang-y. And the heroin spikes . . . You can’t take anyone to the beach because there’s jabs just waiting for young kids to put their feet in — and poo all over the sand.”

Well, Johnny might as well become accustomed to his new neighbors, because the situation is only going to get worse as our national homelessness crisis intensifies.

In Los Angeles, the number of homeless people that have died has risen 76 percent over the past five years, and this has happened during supposedly “good economic times”.

So how bad will things get when the economy really starts going downhill?

Up the coast in San Fransisco, some wealthy residents are fighting tooth and nail to keep a proposed homeless shelter out of their wealthy neighborhood.  The following comes from CBS News

Some San Francisco residents are turning to crowdfunding to raise money to fight a proposed homeless shelter in their wealthy neighborhood. As of Monday morning, the effort had raised over $80,000 of its $100,000 goal.

Calling itself “Safe Embarcadero for All,” the organizer is appealing to residents of South Beach, Rincon Hill, Bayside Village, East Cut and Mission Bay, saying the money will be directed to a legal fund to pay for efforts to fight the homeless shelter. San Francisco Mayor London Breed has sponsored legislation to fast-track the building of the Navigation Center, which would house 200 homeless people a stone’s throw from Google’s San Francisco offices and Gap’s headquarters.

How wonderfully “tolerant” of them, eh?

Of course it is hard to blame them.  The streets of San Francisco are littered with thousands upon thousands of used syringes, and the number of official complaints about human feces in the streets is going up with each passing year.

But instead of changing course, it looks like San Francisco officials will probably extend their free syringe program

San Francisco officials are debating if they should continue a needle exchange program that has left city streets littered with hazardous waste.

We have made an uncomfortable observation on social media: Thousands of needles are scattered on city streets, most likely came the Department of Public Health’s needle exchange program.

San Francisco Board of Supervisors expects to approve a seven-year extension of the exchange program, could cost taxpayers a whopping $26 million.

Overall, the city handed out 5.8 million free syringes in 2018, and a large number of those were simply thrown on to the streets when addicts were done using them.

Up in Seattle, neighborhood after neighborhood has been taken over by homeless encampments, and many residents are saying enough is enough

In the past two weeks, Seattle Is Dying has garnered 38,000 shares on Facebook and nearly 2 million views on YouTube. The report has clearly resonated with anxious, fearful, and increasingly angry Seattle residents. Exhausted by a decade of rising disorder and property crime—now two-and-a-half times higher than Los Angeles’s and four times higher than New York City’s—Seattle voters may have reached the point of “compassion fatigue.” According to the Seattle Times, 53 percent of Seattle voters now support a “zero-tolerance policy” on homeless encampments; 62 percent believe that the problem is getting worse because the city “wastes money by being inefficient” and “is not accountable for how the money is spent,” and that “too many resources are spent on the wrong approaches to the problem.” The city council insists that new tax revenues are necessary, including a head tax on large employers, but only 7 percent of Seattle voters think that the city is “not spending enough to really solve the problem.” For a famously progressive city, this is a remarkable shift in public opinion.

With all of the money that they have, you would think that the major cities on the west coast would be showing the rest of the nation how to deal with homelessness, but instead things continue to get worse with each passing year.

And of course what we have seen so far is just the beginning.  During the next recession, the homelessness crisis will be far, far worse than it is today.

America should not have more than half a million people living in the streets, but we do, and those in power do not seem to have any solutions.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Nobody Does It Better: The Amount Of Human Feces On San Francisco Streets Is Going Up Every Single Year

Sometimes the best metaphors come from real life.  Today, San Francisco has eclipsed Los Angeles and has become the most important city in America’s most heavily populated state.  It is the central hub of our tech industry, in many ways it is one of the epicenters of our national moral decay, and the most powerful Democrat in the entire country calls it her home.  So somehow it seems appropriate that the city is literally covered in human feces, and the problem is getting worse with each passing year.

In 2011, there were 5,547 reported incidents of human feces found on the streets of San Francisco, and by 2018 that figure had risen to 28,084.  The following numbers originally come from the San Francisco Department of Public Works

2011: 5,547
2012: 6,338
2013: 8,793
2014: 10,644
2015: 13,326
2016: 18,276
2017: 20,668
2018: 28,084

And the important thing to remember is that these numbers only represent “reported incidents”.  As Business Insider has noted, the true amount of human feces on the streets “is likely even higher”…

Notably, this is a chart of only documented reports — the actual amount of feces on San Francisco’s streets is likely even higher than these statistics suggest.

“I will say there is more feces on the sidewalks than I’ve ever seen growing up here,” San Francisco Mayor London Breed told NBC in a 2018 interview. “That is a huge problem, and we are not just talking about from dogs — we’re talking about from humans.”

If all of this crap is a metaphor, would could it be a metaphor for?

One of the things that initially came to my mind is that it could be a political metaphor.  San Francisco gave us Nancy Pelosi, and as Speaker of the House she is currently the most powerful Democrat in the entire nation.  And without a doubt, she certainly represents an ideology that is taking America straight down the crapper.

But of course the Democrats certainly don’t have a monopoly on corruption.  Here in Idaho, there are prominent Republicans that are giant moral sleazebags, and even the “good conservatives” won’t say anything about the corruption because they are concerned about the political ramifications.

San Francisco’s human feces problem could also be a metaphor for our tech industry.  In particular, social media giants such as Facebook and Twitter have been hit by scandal after scandal in recent years, and the extreme censorship that they have been hitting us with has been absolutely nauseating.  So it would definitely not be too much of a stretch to equate the current state of the tech industry with a giant pile of crap.

Last but not least, could it be possible that all of this poop is a metaphor for the moral decay that is emanating out of San Francisco?  Certainly Los Angeles, New York and Washington D.C. are playing starring roles in our national moral decay as well, but there is something about San Francisco that seems to attract the worst of the worst.

As I noted the other day, San Francisco handed out 5.8 million free syringes in 2018 alone.  And in a recent article by John Stossel we are told that addicts can shoot up in full public view and the police won’t even do anything about it…

San Francisco is a pretty good place to “hang out with a sign.” People are rarely arrested for vagrancy, aggressive panhandling or going to the bathroom in front of people’s homes. In 2015, there were 60,491 complaints to police, but only 125 people were arrested.

Public drug use is generally ignored. One woman told us, “It’s nasty seeing people shoot up — right in front of you. Police don’t do anything about it! They’ll get somebody for drinking a beer but walk right past people using needles.”

Each day in San Francisco, an average of 85 cars are broken into.

Could you imagine trying to raise young children in an environment like that?

At this point, addicts are even shooting up in the bathrooms of San Francsico’s public libraries

In San Francisco, dozens, sometimes hundreds, of homeless people like Martinez come to the libraries daily. Around the Bay Area, that number runs into the thousands.

This can be a problem, when someone who’s mentally ill rants in the aisles or addicts shoot up in the bathroom. But many libraries around the nation have learned to keep those issues to a minimum — thanks largely to a pioneering program in San Francisco that stationed a social worker on-site to help the desperate, instead of just keeping a lid on them with police interventions.

It has been said that “as California goes, so goes the nation”.  So you may be able to take solace in the fact that these things are not happening in your area yet, but as our nation continues to go downhill it is just a matter of time before virtually everywhere is just like San Francisco.

The only way that we are going to take our country back is if we stand up and do something.  Unfortunately, there is so much apathy among good people out there these days, and meanwhile there is a tremendous amount of passion among those that would like to take America even further down the crapper.

You are either part of the solution or you are part of the problem.  And unfortunately there is no time to waste because our society is deteriorating a little bit more with each passing day.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

San Francisco, Los Angeles And Seattle: 3 Formerly Beautiful West Coast Cities Have Literally Been Transformed Into Hellholes

Once upon a time, San Francisco, Los Angeles and Seattle were three of the most beautiful cities on the entire planet.  I know that this is hard to imagine today, but there was a time when millions of people eagerly moved out to the west coast for a better quality of life.  Sadly, the reverse is true today.  Millions of people are moving away from our major cities on the west coast because of the hellholes that they have become.  A former Seattle police officer that was recently interviewed by a reporter from KOMO News  was very honest about the fact that he would never want to raise a family in Seattle because of the hellhole that it has become.  Every night he saw the worst of Seattle firsthand, and he finally felt forced to quit because city officials would not allow him to effectively do his job.  An explosion of homelessness in our major west coast cities has fueled a wave of crime, drugs and human degradation unlike anything we have seen before, and in many cases our law enforcement officials have their hands tied and are literally being prevented from cleaning up the streets.

Right now, more than half a million people are homeless in the United States.  As the economy gets worse, that number will continue to rise.

Many homeless Americans are law-abiding citizens that have just had a tough break. Everyone gets knocked down in life at some point, and we need to do all that we can to help those law-abiding citizens get back on their feet.

But because of their ultra-liberal policies, some of the major cities on the west coast have become magnets for drug addicts, serial criminals, sex offenders, illegal immigrants and people that have simply heard about all of the “free benefits” that are being offered.  As a result, the streets of those cities have become a showcase for the social decay that is sweeping across our nation.

Let’s start with San Francisco.  According to one report, it is home to more than 28,000 homeless people, and that would make San Francisco the city with the third largest homeless population in the United States.

Others feel like that number is way too low, and the truth is that it is exceedingly difficult to count the homeless.

After all, how are you supposed to accurately count people that don’t want to be counted?

What we do know is that San Francisco is a huge magnet for drug addicts.  The city handed out 5.8 million free syringes in 2018, and that number would seem to suggest a homeless population far in excess of 28,000.

And as all those drug addicts aimlessly wander through the streets, many of them use those streets as their own personal toilets.  Over the past 8 years, more than 118,000 reports of human feces in the streets have been filed with city authorities

Since 2011, there have been at least 118,352 reported instances of human fecal matter on city streets.

New mayor, London Breed, won election by promising to clean things up. However, conditions are the same or worse. Last year, the number of reports spiked to an all-time high at 28,084. In first quarter 2019, the pace continued with 6,676 instances of human waste in the public way.

In addition to endless piles of poop, the drug addicts are also endlessly committing property crimes in order to pay for their drug habits.

Each year, there are more than 6,000 property crimes per 100,000 residents in San Francisco.  That is about four times the rate of property crime that New York City has reported.

Mayor Breed would like to get a lot of these homeless people off of the streets, but finding a place to put them has been problematic.  Residents of one wealthy liberal neighborhood are currently fighting like mad to keep a proposed homeless shelter away from their gated mansions…

A wealthy liberal neighborhood in San Francisco whose residents cast the most votes for Hillary Clinton in the 2016 presidential election is fighting against a proposal to build a new homeless shelter near their gated mansions.

Mayor London Breed has sponsored legislation to fast track a homeless shelter that would house 200 people. However, wealthy liberals living in the affected area have set up a GoFundMe to stop the project which has already hit $80,000 of its $100,000 target.

Things are certainly not any better in Los Angeles.

According to the same report mentioned above, L.A. has nearly twice as many homeless people as San Francisco

Los Angeles has the second largest population of people exploring homelessness, according to a new report.

The LA area contains 55,200 homeless people, according to data released by the Bay Area Council Economic Institute.

The homeless population in L.A. has surged 75 percent in six years, and this has happened during a time when the economy has been relatively stable.

So how bad are things going to become when the economy starts getting really bad?

When I was running for Congress, one of the people that came to help the campaign had spent a lot of time in some of the worst parts of Los Angeles.  He told me about the public drug use, the constant crime and the human degradation that is seemingly everywhere.  This greatly saddened me, because Los Angeles was once a magnificent city.  In fact, at one point in my life I wanted to live there.

But not anymore.  Today, millions of people are leaving California and never looking back because of the utter hellhole the entire state has become.

Further up the coast, the city of Seattle is experiencing similar issues.  Not too long ago, a veteran Seattle reporter named Eric Johnson produced an hour-long documentary entitled “Seattle Is Dying”, and if you have not seen it yet I would strongly recommend taking the time to watch it.

Since it was first released, it has been viewed almost 2 million times on YouTube

In the past two weeks, Seattle Is Dying has garnered 38,000 shares on Facebook and nearly 2 million views on YouTube. The report has clearly resonated with anxious, fearful, and increasingly angry Seattle residents. Exhausted by a decade of rising disorder and property crime—now two-and-a-half times higher than Los Angeles’s and four times higher than New York City’s—Seattle voters may have reached the point of “compassion fatigue.” According to the Seattle Times, 53 percent of Seattle voters now support a “zero-tolerance policy” on homeless encampments; 62 percent believe that the problem is getting worse because the city “wastes money by being inefficient” and “is not accountable for how the money is spent,” and that “too many resources are spent on the wrong approaches to the problem.”

One of the moments in the documentary that really touched me was when a concerned resident described how drug addicts have been leaving needles and human waste in the graveyard near his home.  The homeless have erected tents all around the graveyard, and he can clearly smell urine whenever he walks down the streets.

He would like to fix things, and he is fed up enough that he has decided to run for city council.  But he is facing an uphill battle, because Seattle has been entirely taken over by socialists.  The following comes from Mac Slavo

The entire video is about an hour long, but it is pretty easy to see where Seattle continues to go wrong. A heavy tax burden, regulations that push out businesses, and a power-hungry group of totalitarian sociopaths have been slowly eroding the city. The decay of Western civilization can be seen up and down the entirety of the West coast. Some say it’s by design, others disagree. But the commonality is that all of the cities are being pushed into poverty by illusions and lies of socialists. Calling Seattle anything other than a leftist’s paradise would be inaccurate. The city has all of the laws the socialists want, yet it’s killing itself because of it.

In life, the decisions that we make have consequences, and San Francisco, Los Angeles and Seattle are now experiencing the consequences of decades of incredibly foolish decisions.

But of course they are far from alone.  All across the country there are thousands of communities where social decay is exceedingly evident, and it is getting worse with each passing year.

If we want to change the trajectory of our future, we have got to start doing things differently.

Because if we keep doing the same things, we are going to keep getting the same results, and our country is going to continue falling apart right in front of our eyes.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

In California, Home Sales Are Plunging Like It Is 2008 All Over Again

What goes up must eventually come down.  For years, the California housing market was on the cutting edge of “Housing Bubble 2” as we witnessed home prices in the state soar to absolutely absurd levels.  In fact, it got so bad that a burned down house in Silicon Valley sold for $900,000 earlier this year, and a condemned home in Fremont sold for $1.2 million.  But now things have changed in a major way.  The hottest real estate markets in the entire country led the way down during the collapse of “Housing Bubble 1”, and now it looks like the same thing is going to be true for the sequel.

According to CNBC, the number of new and existing homes sold in southern California was down 18 percent in September compared to a year ago…

The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic. That was the slowest September pace since 2007, when the national housing and mortgage crisis was hitting.

Sales have been falling on an annual basis for much of this year, but this was the biggest annual drop for any month in almost eight years. It was also more than twice the annual drop seen in August.

Those numbers are staggering.

And it is interesting to note that sales of new homes are being hit even harder than sales of existing homes…

Sales of newly built homes are suffering more than sales of existing homes, likely because fewer are being built compared with historical production levels. Newly built homes also come at a price premium. Sales of newly built homes were 47 percent below the September average dating back to 1988, while sales of existing homes were 22 percent below their long-term average.

At one time, San Diego County was a blazing hot real estate market, but now the market has turned completely around.

In fact, the county just registered the fewest number of home sales in a month since the last financial crisis

A combination of rapid mortgage rate increases and decreased affordability, San Diego County home sales collapsed 17.5% to the lowest level in 11 years last month, in the first meaningful sign that one of the country’s hottest real estate markets could be at a turning point, real estate tracker CoreLogic reported Tuesday.

In September, 2,942 homes were sold in the county, down from 3,568 sales last year. This was the lowest number of sales for the month since the start of the financial crisis when 2,152 sold in September 2007.

And it can be argued that things are plunging even more rapidly in northern California.

In the San Francisco Bay area, sales of new and existing homes were down 19 percent in September on a year over year basis…

Home sales in the San Francisco Bay area have been falling for months, but in September buyers pulled back in an even bigger way.

Sales of both new and existing homes plunged nearly 19 percent compared with September 2017, according to CoreLogic. It marked the slowest September sales pace since 2007 and twice the annual drop seen in August.

If a new real estate crisis is really happening, these are precisely the kinds of numbers that we would expect to see.  If you still need some more convincing, here are even more distressing numbers from the California real estate market that Mish Shedlock recently shared

  • The California housing market posted its largest year-over-year sales decline since March 2014 and remained below the 400,000-level sales benchmark for the second consecutive month in September, indicating that the market is slowing as many potential buyers put their homeownership plans on hold.
  • Existing, single-family home sales totaled 382,550 in September on a seasonally adjusted annualized rate, down 4.3 percent from August and down 12.4 percent from September 2017.
  • September’s statewide median home price was $578,850, down 2.9 percent from August but up 4.2 percent from September 2017.
  • Statewide active listings rose for the sixth consecutive month, increasing 20.4 percent from the previous year.
  • Inventory reached the highest level in 31 months, with the Unsold Inventory Index reaching 4.2 months in September.
  • September year-to-date sales were down 3.3 percent.

Of course a similar thing is happening on the east coast as well.  At this point, things have cooled off so much in New York City that it is being called “a buyer’s market”

New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise in the number of properties staying on the market for longer.

The latest figures from Warburg Realty show that among higher-priced homes, New York City is in the throes of a “major shift” that reflects a cooling market, the likes of which hasn’t been seen in almost a decade.

“Offers 20 percent and 25 percent below asking prices began to flow in, a phenomenon last seen in 2009,” wrote Warburg Realty founder and CEO Frederick W. Peters in the report, which surveys real estate conditions around the city.

In the final analysis, it is no mystery how we got to this point.

During the Obama era, the Federal Reserve pushed interest rates all the way to the floor for years, and this caused “Housing Bubble 2” to become even larger than the original housing bubble.

Now the Federal Reserve has been aggressively raising interest rates, and this is now busting the bubble that they created in the first place.

So if you want to blame someone for this mess, blame the Federal Reserve.  The Federal Reserve has created huge “booms” and “busts” ever since it was created in 1913, and hopefully the American people will be outraged enough following this next “bust” to start calling for real change.

I have been calling for the abolition of the Federal Reserve for years, and there are many others out there that also want to return to a free market financial system.

History has shown that free markets work exceedingly well once you take the shackles off, and as a nation we desperately need to return to the values and principles that this nation was founded upon.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

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The American Dream Is Getting Smaller, And The Reason Why Is Painfully Obvious…

Over the past decade, an unprecedented stock market boom has created thousands upon thousands of new millionaires, and yet the middle class in America has continued to shrink.  How is that even possible?  At one time the United States had the largest and most vibrant middle class in the history of the planet, but now the gap between the wealthy and the poor is the largest that it has been since the 1920s.  Our economy has been creating lots of new millionaires, but at the exact same time we have seen homelessness spiral out of control in our major cities.  Today, being part of the middle class is like playing a really bizarre game of musical chairs.  Each month when the music stops playing, those of us still in the middle class desperately hope that we are not among the ones that slip out of the middle class and into poverty.  Well over 100 million Americans receive money or benefits from the federal government each month, and that includes approximately 40 percent of all families with children.  We are losing our ability to take care of ourselves, and that has frightening implications for the future of our society.

One of the primary reasons why our system doesn’t work for everyone is because virtually everything has been financialized.  In other words, from the cradle to the grave the entire system has been designed to get you into debt so that the fruits of your labor can be funneled to the top of the pyramid and make somebody else wealthier.  The following comes from an excellent Marketwatch article entitled “The American Dream is getting smaller”

More worrying, perhaps: 33% of those surveyed said they think that dream is disappearing. Why? They have too much debt. “Americans believe financial security is at the core of the American Dream, but it is alarming that so many think it is beyond their reach,” said Mike Fanning, head of MassMutual U.S.

Almost everyone that will read this article will have debt.  In America today, we are trained to go into debt for just about everything.

If you want a college education, you go into debt.

If you want a vehicle, you go into debt.

If you want a home, you go into debt.

If you want that nice new pair of shoes, you don’t have to wait for it.  Just go into more debt.

As a result, most Americans are currently up to their necks in red ink

Some 64% of those surveyed said they have a mortgage, 56% said they had credit-card debt and 26% said they have student-loan debt. Many surveyed said they don’t feel financially secure. More than a quarter said they wish they had better control of their finances.

You would have thought that we would have learned from the very hard lessons that the crisis of 2008 taught us.

But instead, we have been on the greatest debt binge in American history in recent years.  Here is more from the Marketwatch article

It makes sense that debt is on Americans’ minds. Collectively, Americans have more than $1 trillion in credit-card debt, according to the Federal Reserve. They have another $1.5 trillion in student loans, up from $1.1 trillion in 2013. Motor vehicle loans are now topping $1.1 trillion, up from $878.5 billion in 2013. And they have another nearly $15 trillion in mortgage debt outstanding.

That is one huge pile of debt.

We criticize the federal government for running up 21 trillion dollars in debt, and rightly so, but American consumers have been almost as irresponsible on an individual basis.

As long as you are drowning in debt, you will never become wealthy.  In order to build wealth, you have got to spend less than you earn, but most Americans never learn basic fundamentals such as this in our rapidly failing system of public education.

Many Americans long to become financially independent, but they don’t understand that our system is rigged against them.  The entire game is all about keeping consumers on that debt wheel endlessly chasing that piece of proverbial cheese until it is too late.

Getting out of debt is one of the biggest steps that you can take to give yourself more freedom, and hopefully this article will inspire many to do just that.

To end this article today, I would like to share 14 facts about how the middle class in America is shrinking that I shared in a previous article

#1 78 million Americans are participating in the “gig economy” because full-time jobs just don’t pay enough to make ends meet these days.

#2 In 2011, the average home price was 3.56 times the average yearly salary in the United States.  But by the time 2017 was finished, the average home price was 4.73 times the average yearly salary in the United States.

#3 In 1980, the average American worker’s debt was 1.96 times larger than his or her monthly salary.  Today, that number has ballooned to 5.00.

#4 In the United States today, 66 percent of all jobs pay less than 20 dollars an hour.

#5 102 million working age Americans do not have a job right now.  That number is higher than it was at any point during the last recession.

#6 Earnings for low-skill jobs have stayed very flat for the last 40 years.

#7 Americans have been spending more money than they make for 28 months in a row.

#8 In the United States today, the average young adult with student loan debt has a negative net worth.

#9 At this point, the average American household is nearly $140,000 in debt.

#10 Poverty rates in U.S. suburbs “have increased by 50 percent since 1990”.

#11 Almost 51 million U.S. households “can’t afford basics like rent and food”.

#12 The bottom 40 percent of all U.S. households bring home just 11.4 percent of all income.

#13 According to the Federal Reserve, 4 out of 10 Americans do not have enough money to cover an unexpected $400 expense without borrowing the money or selling something they own.

#14 22 percent of all Americans cannot pay all of their bills in a typical month.

This article originally appeared on The Economic Collapse Blog.  About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Continues To Disappear

If the U.S. economy is really doing so well, then why is homelessness rising so rapidly?  As the gap between the rich and the poor continues to increase, the middle class is steadily eroding.  In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed.  More Americans are falling out of the middle class and into poverty with each passing day, and this is one of the big reasons why the number of homeless is surging.  For example, the number of people living on the street in L.A. has shot up 75 percent over the last 6 years.  But of course L.A. is far from alone.  Other major cities on the west coast are facing similar problems, and that includes Seattle.  It turns out that the Emerald City has seen a 46 percent rise in the number of people sleeping in their vehicles in just the past year

The number of people who live in their vehicles because they can’t find affordable housing is on the rise, even though the practice is illegal in many U.S. cities.

The number of people residing in campers and other vehicles surged 46 percent over the past year, a recent homeless census in Seattle’s King County, Washington found. The problem is “exploding” in cities with expensive housing markets, including Los Angeles, Portland and San Francisco, according to Governing magazine.

Amazon, Microsoft and other big tech companies are in the Seattle area.  It is a region that is supposedly “prospering”, and yet this is going on.

Sadly, it isn’t just major urban areas that are seeing more people sleeping in their vehicles.  Over in Sioux Falls, South Dakota, many of the homeless sleep in their vehicles even in the middle of winter

Stephanie Monroe, managing director of Children Youth & Family Services at Volunteers of America, Dakotas, tells a similar story. At least 25 percent of the non-profit’s Sioux Falls clients have lived in their vehicles at some point, even during winter’s sub-freezing temperatures.

“Many of our communities don’t have formal shelter services,” she said in an interview. “It can lead to individuals resorting to living in their cars or other vehicles.”

It is time to admit that we have a problem.  The number of homeless in this country is surging, and we need to start coming up with some better solutions.

But instead, many communities are simply passing laws that make it illegal for people to sleep in their vehicles…

A recent survey by the National Law Center on Homelessness and Poverty (NLCHP), which tracks policies in 187 cities, found the number of prohibitions against vehicle residency has more than doubled during the last decade.

Those laws aren’t going to solve anything.

At best, they will just encourage some of the homeless to go somewhere else.

And if our homelessness crisis is escalating this dramatically while the economy is supposedly “growing”, how bad are things going to be once the next recession officially begins?

We live at a time when the cost of living is soaring but our paychecks are not.  As a result, middle class families are being squeezed like never before.

A recent Marketwatch article highlighted the plight of California history teacher Matt Barry and his wife Nicole…

Barry’s wife, Nicole, teaches as well — they each earn $69,000, a combined salary that not long ago was enough to afford a comfortable family life. But due to the astronomical costs in his area, including real estate — a 1,500-square-foot “starter home” costs $680,000 — driving for Uber was a necessity.

“Teachers are killing themselves,” Barry says in Alissa Quart’s new book, “Squeezed: Why Our Families Can’t Afford America” (Ecco), out Tuesday. “I shouldn’t be having to drive Uber at eight o’clock at night on a weekday. I just shut down from the mental toll: grading papers between rides, thinking of what I could be doing instead of driving — like creating a curriculum.”

Home prices are completely out of control, but that bubble should soon burst.

However, other elements of our cost of living are only going to become even more painful.  Health care costs rise much faster than the rate of inflation every year, food prices are becoming incredibly ridiculous, and the cost of a college education is off the charts.  According to author Alissa Quart, living a middle class life is “30% more expensive” than it was two decades ago…

“Middle-class life is now 30% more expensive than it was 20 years ago,” Quart writes, citing the costs of housing, education, health care and child care in particular. “In some cases the cost of daily life over the last 20 years has doubled.”

And thanks to the trade war, prices are going to start going up more rapidly than we have seen in a very long time.

On Tuesday, we learned that diaper and toilet paper prices are rising again

Procter & Gamble said on Tuesday that it was in the process of raising Pampers’ prices in North America by 4%. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5%.

P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.

I wish that I had better news for you, but I don’t.  We are all going to have to work harder, smarter and more efficiently.  And we are definitely going to have to tighten our belts.

Many middle class families are relying on debt to get them from month to month, and consumer debt in the United States has surged to an all-time high.  But eventually a day of reckoning comes, and we all understand that.

The U.S. economy is not going to be getting any better than it is right now.  So it is time to be a lean, mean saving machine, because it will be important to have a financial cushion for the hard times that are ahead of us.

Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

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