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And all of this depends on the competitiveness of the local market.
My market doesn't have anywhere near this kind of demand. People are not beating down the doors to live in northeast Tennessee. We've had several new apartment complexes open in the last couple of years, and now those complexes are duking it out with rent cuts and maybe relaxing qualifications in order to attract tenants.
The article isn't about the entire country, but like the title says, certain areas where there are large spikes in the homeless numbers. The article goes on to state that the areas that have seen the biggest increase in homeless are those where rents are more than 32% of income.
And all of this depends on the competitiveness of the local market.
My market doesn't have anywhere near this kind of demand. People are not beating down the doors to live in northeast Tennessee. We've had several new apartment complexes open in the last couple of years, and now those complexes are duking it out with rent cuts and maybe relaxing qualifications in order to attract tenants.
So finish the equation: what's the employment picture like there?
Quote:
Originally Posted by ocnjgirl
The article isn't about the entire country, but like the title says, certain areas where there are large spikes in the homeless numbers. The article goes on to state that the areas that have seen the biggest increase in homeless are those where rents are more than 32% of income.
...because, as I've maintained, jobs, taxes and COL - not to mention QOL - go hand in hand. But even Malibu needs street sweepers.
So finish the equation: what's the employment picture like there?
...because, as I've maintained, jobs, taxes and COL - not to mention QOL - go hand in hand. But even Malibu needs street sweepers.
It's not good. We're not a tourist or retiree area, and with a lousy local economy not commutable to a major job center, we're not attracting many outsiders. It is what it is.
With that said, there are plenty mid-market cities, like St. Louis and Indianapolis, that are not attracting tons of people and where rents remain reasonable.
It's not good. We're not a tourist or retiree area, and with a lousy local economy not commutable to a major job center, we're not attracting many outsiders. It is what it is.
Which, just to play the duh card, is why rents go begging.
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With that said, there are plenty mid-market cities, like St. Louis and Indianapolis, that are not attracting tons of people and where rents remain reasonable.
The whole situation is of course a spectrum, or at least a 3- or 4-variable situation. There are vast areas where jobs, COL and rents are probably in some kind of harmony.
But while there have always been extreme COL cities where the working and service class had to commute in, the point of the OP and thread here is that we're starting to see whole urban areas where that working class can't afford to live, even within commute distance. I don't believe it's an anomaly or a bubble or a wrinkle in the economic continuum; I think it's the tip of a very large and jagged iceberg.
Housing is one area in which capitalism fails IMO. The housing is so expensive in some cities in the USA 🇺🇸. I think mass homelessness will only increase because no one will do anything to lower the cost of housing because people don't care about an issue that is not affecting them personally. Sad. You could have a bachelors degree do everything right work 3 jobs and still not be able to afford rent in places like NYC. There has to be a better system we can put in place so that working class people and average people can live in high rent high cost of housing areas.
Housing is one area in which capitalism fails IMO. The housing is so expensive in some cities in the USA 🇺🇸. I think mass homelessness will only increase because no one will do anything to lower the cost of housing because people don't care about an issue that is not affecting them personally. Sad. You could have a bachelors degree do everything right work 3 jobs and still not be able to afford rent in places like NYC. There has to be a better system we can put in place so that working class people and average people can live in high rent high cost of housing areas.
In a lot of the cities listed, people had places to live but were victims of “re-gentrifying”. People get priced out of areas they’ve lived their whole lives in.
In a lot of the cities listed, people had places to live but were victims of “re-gentrifying”. People get priced out of areas they’ve lived their whole lives in.
I don't claim to have all the answers, but maybe super expensive cities like NYC should have all housing made into public housing like the nation of Singapore. We as a society need to something about housing I think. San Fran sisco is another super expensive city with thousands of homeless.
Housing is one area in which capitalism fails IMO. The housing is so expensive in some cities in the USA 🇺🇸. I think mass homelessness will only increase because no one will do anything to lower the cost of housing because people don't care about an issue that is not affecting them personally. Sad. You could have a bachelors degree do everything right work 3 jobs and still not be able to afford rent in places like NYC. There has to be a better system we can put in place so that working class people and average people can live in high rent high cost of housing areas.
The way to make this work is to increase density and high speed public transit. Neither option is really politically viable right now for several reasons.
The article goes on to state that the areas that have seen the biggest increase in homeless are those where rents are more than 32% of income.
Aren't those areas with high COL usually the ones doling out benefits and support for homeless?
San Francisco offers lots of benefits to the homeless, it's also one of the most expensive cities in the country. No one is supposed to support a family on $8 /hr, you're supposed to move up the ranks, learn a trade, or get a higher education/sell yourself on being skilled to work a corporate job. If you're working a minimum wage job for multiple years, you're doing something wrong (unless you're a teen or college student).
Aren't those areas with high COL usually the ones doling out benefits and support for homeless?
San Francisco offers lots of benefits to the homeless, it's also one of the most expensive cities in the country. No one is supposed to support a family on $8 /hr, you're supposed to move up the ranks, learn a trade, or get a higher education/sell yourself on being skilled to work a corporate job. If you're working a minimum wage job for multiple years, you're doing something wrong (unless you're a teen or college student).
What benefits do the homeless get in San Francisco?
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