Tag Archives: Eviction

These Dangers Loom Over The Fragile US Economy In The Next 12 Months, by Tyler Durden

It’s like watching a slow motion train wreck. From Brandon Smith at alt-market.us

This article was written by Brandon Smith and originally published at Birch Gold Group

The U.S. and most of the world is at the threshold of what I would call a nexus point in history. There are establishment forces at play that seek to impose a permanent authoritarian presence within our nation in the name of Covid “safety.” This includes lockdown mandates and restrictions on economic participation for the unvaccinated (including being unable to keep a job).

At the same time, only 53% of the public has been fully vaccinated against Covid. A significant number of the unvaccinated seem likely to dig in their heels and will refuse to comply.

We are at an impasse. With incessant fear mongering over the latest covid variants and the government obsession with 100% vaccination, the pro- and anti-vaccine groups are squaring off .  It is a conflict between those who see their submission to the vaccination as a badge of personal responsibility and civic-mindedness versus those who see it as merely an excuse for authoritarianism. Unless pro-vax people choose to stand down and walk away from the fight, our economic future will grow increasingly unstable.

This is the foreboding backdrop of our economic tale, and it is important to keep in mind that the technocratic exploitation of the covid non-crisis as a push for supremacy is going to color EVERYTHING that happens in our financial system from now on. You cannot talk about our economic condition without including the effects of the pandemic theater.

I believe that the next year in particular is going to be adrenalized and chaotic beyond what we have already seen in 2020-2021. Like I said, there are two sides of America that are now completely opposed in almost every way. Something is going to snap, and I suspect this will happen in 12 months or less.

The U.S. economy is itself an underlying disaster in the making and in many ways the Covid issue is a convenient distraction away from a much larger threat.

Let’s not forget that since the credit crash of 2007-2008 America and most other nations have been surviving on pure monetary deferment. That is to say, not a single problem unmasked in 2008 has been dealt with or solved by the central bankers in the 13 years since. All of the destructive factors were delayed by money printing rather than being fixed. Writing a new post-dated check to cover your last check only works as long as your creditor is willing to cooperate…

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How Spain Became a Squatter’s Paradise, by Nick Corbishley

“Squatter”—that’s a word we’re going to hear a lot in the near future. From Nick Corbishley at wolfstreet.com:

For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe.

Since the burst of Spain’s madcap housing bubble in 2009, squatting — the unlawful occupancy of uninhabited buildings or unused land — has become a major problem. By 2019, following a 58% surge in cases in five years, close to 100,000 properties were occupied by okupas (squatters), according to estimates by the Insititut Cerdá. The number does not include dwellings occupied by tenants who have simply stopped paying their rent, since this does not count as squatting.

But Spain’s squatting problem could be about to explode as more and more non-paying tenants lose their homes, and take to squatting. For the past six months tenants of apartments owned by large private landlords or public companies have been protected from eviction by a government ban, but that ban is scheduled to expire at the end of September.

Once that happens, evictions are likely to surge. As in many other countries, it’s not clear how many tenants are not paying their rents since reliable sources of data do not exist. But what data does exist suggest that by late May around 17% of tenants were not paying their rent. If that number is even half accurate, it means Spain will soon see “an alarming spike in evictions”, as the advocacy group Platform for Mortgage Victims (PAH) has warned. Many of those who are evicted may end up squatting somewhere.

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The War on Landlords Has Begun, by Zachary Yost

Stiffing landlords is fast becoming a legalized theft that’s even more pernicious that rent control. From Zachary Yost at mises.org:

As the widening gyre that that is 2020 continues to turn, it seems that every day some new disastrous and ill-thought-out proposal is made or policy implemented. Among the chaos, the chorus to cancel rent in particular has stuck out for its sheer insolence and the ease with which it has entered the discourse as a sensible policy solution.

The idea of abolishing rent is not new, but until now it has never really been considered anything but a nutty pipe dream. But with the economic carnage wreaked by the virus and ensuing government lockdown still ongoing it has disturbingly come to be viewed as a conceivable policy option. With tens of millions out of work, the ability to pay for basic necessities like housing is obviously a valid concern, but the callousness of the idea of simply expropriating housing from property owners is disturbing and indicative of darker trends coursing through the body politic in these turbulent times.

One of the most high-profile leaders of the cancel rent movement is Minnesota congresswoman Ilhan Omar, who introduced legislation in April that basically amounts to nothing other than government extortion of landlords. Christian Britschgi reports that the bill would simply cancel all rent and mortgage payments for primary residencies across the entire country until a month after the federal state of emergency has ended. Attempting to collect rent or reporting the nonpayment of rent to credit agencies results in increasing fines, including the seizure of one’s property.

After Omar had taken a baseball bat to landlords’ knees everywhere, she generously extended a government crutch, with strings attached, of course. Landlords who accepted federal aid in compensation would be required to not raise the rent for five years, and they would not be able to take into consideration someone’s credit or criminal history when taking rental applications. Additionally, landlords would be required to provide tenants with 10 percent equity in the property. The mafia would be proud of such a blatant shakedown.

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