Car jackings are on the rise, and there are a few potential reasons for why. One reason is that car jackings have become a lucrative criminal enterprise. With the average carjacking netting a thief between $4,000 and $5,000, it’s a lucrative crime to be involved in. Another reason is that criminals are stealing more cars these days because they can get more money for them on the black market.
The Cost of Rent
The cost of rent is on the rise, and with good reason. With vacancies at an all-time low and rents on the rise, landlords are fighting for tenants. Larger apartments and complexes are becoming more and more popular, which means that landlords can charge more. Additionally, renters are now facing competition from investors and others looking to get into the rental market.
Some people argue that the high cost of rent is pushing people out of the city. According to The Guardian, “a report last year by the Urban Institute, a Washington thinktank, found that between 2000 and 2014, 95% of the growth in US metropolitan areas was due to suburban growth rather than downtown gentrification.” In other words, downtown areas are not losing as many people as they used to, but suburbs are booming because they offer cheaper rent.
Another reason for the rising cost of rent is skyrocketing property values. According to The Atlantic, “between 2000 and 2014, home prices in America’s largest cities rose an average of 127%. Over that period, inflation averaged 2%. So while average wages only increased by 54%, housing prices shot up by almost three-quarters.” This means that even if you don’t earn a lot of money, your
Rising Crime Rates
Since the early 2000s, carjackings have been on the rise in the United States. In 2015, carjackings increased by more than 20% over 2014.
There are a few reasons why carjackings are on the rise. One reason is that criminals are targeting more expensive vehicles. Cars that are worth more money tend to be parked in areas where there is a higher concentration of wealth.
Another reason why carjackings are on the rise is that criminals are using guns more often to rob victims. Cars with drivers and passengers inside them provide criminals with an easier target than cars with just the driver inside them.
If you’re ever in danger of being carjacked, remember to stay calm and don’t make any sudden moves. If you can get away quickly, do so, and don’t get into any high-risk situations again.
The Cost of Car Insurance
For many drivers, the price of car insurance is one of the most important factors when it comes to choosing a vehicle. The cost of car insurance can vary depending on your driving record, where you live, and the type of car you drive.
According to the National Association of Insurance Commissioners, premiums for liability coverage increased an average of 8 percent nationwide in 2017. The rising cost of car insurance is likely due to several factors, including higher claims payments and more severe accidents. In some areas, premiums for comprehensive and collision coverage have tripled in the past decade.
If you’re concerned about increasing car insurance costs, be sure to ask your current insurer about discounts or other ways to reduce your premiums. You may also want to compare rates before signing up for a policy. There are several online tools that can help you do this.
The Growing Affluence of Criminals
The carjacking epidemic is on the rise and experts attribute this to a growing affluence amongst criminals. Criminals are now able to purchase high-end cars that make them attractive targets for carjackers.
Another contributing factor to the increase in carjackings is the use of gang members as runners. Gang members are recruited to provide security during car thefts, but they also often rob and assault victims while their accomplices drive away with the vehicles. This practice makes it easier for gangs to steal cars and makes carjackers more likely to succeed because victims are more likely to hand over their keys without a fight.
In order to combat this epidemic, law enforcement officials need to work together to identify and prosecute criminals involved in carjackings. Additionally, governments should invest in programs designed to help high-crime areas become more economically prosperous. This will discourage criminals from focusing their attention on crime areas and may help reduce the number of carjackings overall.
Conclusion
The crime of car jacking is on the rise, and there are a few potential reasons why this may be happening. First, carjackers may be taking advantage of increased gas prices to make more money. While it’s still possible to get by on less expensive fuel options, carjackers may see an increase in their profits enough to justify the added risk of robbing someone in their vehicle. Additionally, increased cybercrime rates could be motivating more individuals to become carjackers as they can earn a higher commission for stealing cars rather than breaking into homes or businesses. Whatever the reason, we hope that law enforcement will be able to address this issue and bring those responsible to justice.