this post was submitted on 24 Dec 2024
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Enough Musk Spam
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The math is straightforward: Cost of a housing unit * number of unhoused people. Even assuming the extraordinarily inflated market rate for housing in 2024, $20B is more than enough to house 650k people.
Now, will the institutional actors that produced homelessness stop existing? Will we see an end to predatory lenders, robo-signed foreclosures, police harassment and civil asset forfeiture of the working poor, and unregulated real estate scammers targeting our most vulnerable neighbors? Probably not.
But we wouldn't have so many billionaires running about squandering our national wealth on vanity projects like Twitter without billions to be fleeced from the public to begin with.
I got curious, so I whipped out my phone's calculator. $20B/650k = $30,800, give or take. I truly don't know if that's enough to break the cycle of homelessness, but if it is that seems like a pretty low number. We spend 40x that number on the defense budget, which is totally a jobs program but it seems like fighting homelessness would also ultimately be a jobs program.