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Posts Tagged ‘supply’

Among the lesser-reported impacts of the Great Recession, during which time millions of Americans lost their homes to foreclosure, is the continuing surge in rental housing demand. Demand has inflated rental rates in already costly markets throughout the country. But rental price inflation is not just a problem hitting high cost of living regions in California and New York — it has hit 90 cities nationwide with no end in sight. Rental costs between 2011 and 2012, alone, increased 4 percent nationally, whereas rents in some markets during a broader period — between 2000 and 2012 — have inflated nearly 25 percent, a study by the Joint Center for Housing Studies of Harvard University reports.

High demand and short supply means one thing: higher prices. But housing isn’t merely a luxury people can forgo. Increased demand for rental housing post recession does not merely reflect the fact that mortgage lending standards are more stringent, but the reality that many Americans are still attempting to rebound from a downwardly mobile spiral. Just because rents are rising doesn’t mean renters are in a position to absorb the price hikes. To the extent rental property demand is an outgrowth of the economic meltdown and stagnant wages — in spite of job growth in more recent years — it would appear housing reform is a topic seriously overdue for national attention.

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Have you taken steps to assemble a disaster preparedness kit? Those with medical conditions requiring daily medications — or those with loved ones who need them — may be in for a rude awakening.

Emergency preparedness experts advise individuals and their household members to plan for a minimum of three days without access to outside sources of food, water, sanitation, utilities and transportation. Some experts take it a step further, however: Be prepared to become self reliant for up to a week. That means stocking supplies not only at home, but often at work, school or even one’s automobile. After all, you never know where you will be when disaster strikes.

Disaster preparedness literature advocates stocking necessary medications, but those who are insured and require daily medications to treat asthma, diabetes or other chronic conditions may run into an unexpected and ironic obstacle: Many health insurance companies have no provision in place to allow subscribers to obtain doctor-authorized refills for use in an emergency supply kit. (more…)

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