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Sadly, just like during the last economic crisis many Americans are getting to the point where staying in their homes may not be an option. Just check out the following excerpt from a recent New York Post article entitled “The terrifying signs of a looming housing crisis“…
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show.
There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report.
I put a couple of phrases in that quote in bold because I really wanted you to notice a couple of things.
First of all, it is very alarming to hear that the number of New Yorkers staying in homeless shelters “reached an all-time high” last weekend. I thought that we were supposed to be in an “economic recovery”, but apparently things in New York are rapidly getting worse.