this post was submitted on 22 Jul 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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The unhoused are bad for real estate values. (lemmy.world)
submitted 4 months ago* (last edited 4 months ago) by SeattleRain to c/housing_bubble_2
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[–] Vandals_handle 5 points 4 months ago

Two independent studies in California both found around 70% of unhoused were productive members of society before accident or illness caused them to lose their job, insurance and home. Structural impediments prevent the unhoused from getting back into employment and housing. In majority of cases substance abuse came as a response to their situation, not as the cause.