💵 - ECONOMY / #housing
Unaffordable Housing and Homeless Encampments: How Did It Get This Bad?
To reverse the damage wrought by financialization, we must reverse financialization.
With all the cheap rental housing gentrified, those on the margins ended up on the street. This includes addicts and those suffering from mental illness, but it also includes people who fell on hard times who were now priced out of any shelter other than an underpass or sidewalk.
Let's tell the story in charts. Here is the Case-Shiller housing index, which shows the 2007-8 housing bubble as a modest blip compared to the current financialization-driven Everything Bubble which has pushed housing valuations out of reach in desirable (i.e. places with plenty of jobs) regions.
Read more:
https://charleshughsmith.blogspot.com/2024/11/unaffordable-housing-and-homeless.html?m=1
📌 Subscribe to @FedUpUSA2
Unaffordable Housing and Homeless Encampments: How Did It Get This Bad?
To reverse the damage wrought by financialization, we must reverse financialization.
With all the cheap rental housing gentrified, those on the margins ended up on the street. This includes addicts and those suffering from mental illness, but it also includes people who fell on hard times who were now priced out of any shelter other than an underpass or sidewalk.
Let's tell the story in charts. Here is the Case-Shiller housing index, which shows the 2007-8 housing bubble as a modest blip compared to the current financialization-driven Everything Bubble which has pushed housing valuations out of reach in desirable (i.e. places with plenty of jobs) regions.
Read more:
https://charleshughsmith.blogspot.com/2024/11/unaffordable-housing-and-homeless.html?m=1
📌 Subscribe to @FedUpUSA2