Squatters Are Taking Over Homes All Over The Nation On An Industrial Scale And Turning Them Into Dens Of Crime
Thanks to online listings, it is easier than ever to identify properties that are vacant, and many states have laws that make it exceedingly difficult to get squatters out once they have settled in. In some cases, squatters are able to live rent free in beautiful homes for months or even years. This is becoming an absolutely massive problems, especially in certain areas of the country. For example, it is being reported that squatters have taken over approximately 1,200 homes in the Atlanta area…
Squatters are ruining entire neighborhoods in Atlanta and police response to evict is so slow, some homeowners have resorted to paying nuisances to leave.
Brazen squatters even opened an illegal strip club on a property they had taken over --- one of the 1,200 homes which has been squatted in the city, according to the National Rental Home Council (NRHC) trade group.
“I’d be terrified in Atlanta to lease out one of my properties,” Matt Urbanski, who manages a local home-cleaning company, told Bloomberg.
The situation you speak of is occuring all over. Speculators from private persons with money, like the Chinese, all the way to institutional and investment speculators are snatching up properties worldwide - so this is not just a US problem for average people that now find themselves unable to live in their own communities due to the increases. Entities that come in without financing and buy properties outright are driving up valuations beyond the reach of everyday people essentially forcing the common people either to become renters or homeless - a modern day feudal system in the making.
Tangible assets like real estate are where people park their money when other financial instruments seem too volatile. The average person on the other hand simply wants a place to live. The Chinese in particular see real estate as a means of not only holding wealth, but also making profit. With highly leveraged real estate development contributing around 1/3 of the Chinese economy, investment in real estate has been the Chinese citizens' primary way to achieve wealth - or so they thought. The real estate sector, along with foreign investment withdrawal, is currently in freefall which is taking down the rest of the economy.
Profit at all cost has become the Chinese religion so to speak under CCP rule. Very little concern is given to those hurt in the pursuit of profit - it is every person for themselves. This mindset goes beyond just the upper classes and is endemic throughout the society. Throughout history even the Chinese emperors made attempts to rein in corruption without success. This kind of self serving attitude and focus on financial gain has destroyed Chinese society and culture, and unfortunately, this kind of greed with Chinese characteristics is being exported to the rest of the world on top of our own greed. Our one saving grace however is that at least our society in general still cares for one another. But sadly, with all the influx of people from outside our own culture is eroding what really is at the core of what makes us great - our care and compassion for other human beings.
It such a damn shame. I have faith that all of this will be corrected. The EOs that Trump signed are going to go a long way towards fixing this. I just hope there isn’t too much more collateral damage.