Sacramento's homeless rate is rising quickly as people lose their homes and their jobs.

The sea of tents along Sacramento's American River is growing by the day. But here, there are no rules and no regulations. Here, at Tent City, you are on your own.

First world shanty towns.

No property taxes! No homeowner associations! No pre-approval necessary! The property values can only go up! Strong job growth in the local underground economy! Get in while the gettin' is good!

CBS13 Investigates: Sacramento 'Tent City' - cbs13.com