Googling causes of the recent homeless boom, you’ll see housing costs pushing people over the brink from transitory housing to no housing is the major factor[1]
Even building luxury housing removes pressure from the lower end of the market, as if there’s no luxury housing people buy up distressed properties. It’s musical chairs and those who can’t afford the fixed number of chairs end up on the street.
Even building luxury housing removes pressure from the lower end of the market, as if there’s no luxury housing people buy up distressed properties. It’s musical chairs and those who can’t afford the fixed number of chairs end up on the street.
1 - https://www.theatlantic.com/magazine/archive/2023/01/homeles...