MICHAEL SNYDER    ECONOMIC COLLAPSE BLOG

Every night, even more Americans join the rapidly growing "unsanctioned encampments" that are taking up more and more real estate in our largest cities.  If things are this bad now, how many of our fellow citizens will be sleeping in the streets when economic conditions are much worse a year or two from today?  We are supposed to be the greatest nation on the planet, but with each passing day even more tent cities are established.  Our system is failing, and the widespread economic suffering that we are witnessing right now is truly difficult to comprehend.

Just look at what is happening in Sacramento.  It is the capital of the California, and tent cities are being established all over the place.

In fact, it is being reported that the number of homeless people in Sacramento has risen by nearly 70 percent just since 2019…

During the pandemic, the unhoused population has soared all over California, but the increase in Sacramento has been particularly stunning.

The region has seen an almost 70% rise in homelessness since 2019, now counting more unhoused people than San Francisco.

Needless to say, absurd housing prices are one of the main reasons why so many people are being forced out into the cold streets…

The primary force behind the dramatic rise, according to the 2022 point-in-time count, is the high cost of housing. The median home price in the county has surpassed $500,000 and the median monthly rent is $2,774, up more than 5% from last year. Some studios downtown rent for $2,000 a month, said Crystal Sanchez, the president of the Sacramento Homeless Union, while thousands of people sleep outside.

Most middle class families can barely afford to pay $2,000 or more for housing each month.

And those that are poor don’t stand a chance.