A peek at harsh times as "affordable" living space comes at a premium.
Here's a quote we pulled that offers a glimpse at the crisis . . .
Make no mistake . . . These numbers aren't just about po'folk given that EVERYONE has to cope with life in a metro area wherein so many people who can't REALLY afford a roof over their head. Translation: The world doesn't stop at your front lawn and worsening poverty & class divisions transform societies faster than most Americans can imagine.
Check the damage:
As of late February, 18,500 people in Kansas City are wait-listed for housing vouchers and 10,000 people are wait-listed for Section 8 vouchers.
The number of those without secure housing in Kansas City has significantly increased since November 2021.
According to HAKC, 7,500 Kansas Citians were wait-listed for housing vouchers and 5,000 were wait-listed for Section 8 Housing in November 2021.
Read more via www.TonysKansasCity.com link . . .
Number of Kansas Citians wait-listed for housing vouchers has doubled since 2021
KANSAS CITY, Mo. - The number of Kansas Citians wait-listed for housing vouchers and Section 8 Housing have doubled since November 2021, according to executive director of Housing Authority of Kansas City (HAKC) Edwin Lowndes.
Further reading . . .
The Cost of Housing in America Has Become Untenable
To stay on top of important articles like these, sign up to receive the latest updates from TomDispatch.com. In 1937, the American folklorist Alan Lomax invited Louisiana folksinger Huddie Ledbetter (better known as Lead Belly) to record some of his songs for the Library of Congress in Washington, D.C.
The Shrinking of the Middle-Class Neighborhood
Americans are increasingly living in areas that are either much richer or much poorer than the regional norm. In Tennessee, new housing and upgrades to existing residences are making the neighborhood of East Nashville unaffordable for many longtime residents. Credit...
Why Wall Street is snapping up family homes
H ousing is the world's biggest asset class. But until recently renting out family homes was a mom-and-pop cottage business, seen as uninvestable by Wall Street. When Blackstone, a private-equity giant, floated the idea of creating vast portfolios of homes after the global financial crisis of 2007-09, banks refused to lend to it.
'Anybody that's middle class and below, we're screwed': Housing costs rise at the fastest pace in decades - but some Americans are already feeling the brunt
Housing costs have jumped by 5.1% in the past year, the fastest annual pace since 1991, while rents are up 4.8% from a year ago, according to the latest CPI.
For most Americans, owning a home is now a distant dream
MoneyWatch Home prices across the U.S. are surging, while a shortage of houses for sale has resulted in cut-throat competition for those in the market to buy a property. That confluence of trends has taken the dream of homeownership well beyond the means of middle-class Americans, who are increasingly up against higher-income buyers for a smaller pool of homes.
Developing . . .
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