High Rents, Low Wages and the Coming Homeless Surge

Fiscal Times ^ | 01/22/2012 | By MICHELLE HIRSCH and ALIX PIANIN

[Persevero]

Dimes to dollars that the homeless kids don’t have a two parent family. Usually the dad is missing.

That is the problem. Homelessness is but one fruit of it.

[Ruy Dias de Bivar]

***In January, 2006 I predicted a huge housing crash coming.****

I was saying the same thing. I told my wife to look for another 1984 housing crash.

The only difference is we don’t have the high inflation rate...yet.

[blueunicorn6]

There are no more homeless in this country after Obama took office. Those people at the parking lot exits begging for money? They’re now known as “MINSTRELS”. Happy-go-lucky people who entertain the public with their quaint costumes and funny signs. Democrats - “Don’t fix it! Rename it!”

[tbw2]

These homeless figures are artificially inflated.
* A girl kicked out of her apartment and moving back in with Mom with the baby isn’t homeless, she just moved. But when the adult moves back in, it’s counted as “homeless”.
* If a woman with children moves into a shelter, she gets placed in an emergency list to get a Section 8 living place, versus waiting a few years to move out of her mother’s place and into “her own”. She counts as homeless for that time, but it is really gaming the system to jump ahead in line.

[roadcat]

I’ll never forget the homeless woman I once encountered on a downtown street sidewalk. She was begging for cash to get by. As I had just bought a take-out lunch and was headed back to my office, I offered her my lunch. She declined, saying she never ate on Tuesday and Wednesday, that those were her drinking days and she would rather get the cash.

[Toddsterpatriot]

Except for Fannie and Freddie, I don't think we lost any money bailing out the banks.

You don't think they were examples of free trade, do you?

[Toddsterpatriot]

Lehman Brothers didn’t get any bailout cash.

[Toddsterpatriot]

I'm pretty sure all the companies that borrowed money also paid bonuses. So what?

[Moonman62]

Could it be that Section 8 is keeping rents higher than what working people can afford?

[Toddsterpatriot]

They repaid your tax dollars. At a profit to the Treasury.

giving them tax dollars for bonuses?

Giving? You gotta be joking.

And what does this have to do with Andy's silly claim about free trade?

I guess higher tariffs would have prevented the housing crisis?

[Toddsterpatriot]

Banks had plenty of money to give bonuses, but they needed to shore up their capital.
Solyndra, not so much.
Failed companies? LOL!
Lots of failed companies that somehow paid back their huge TARP loans. Plus billions in interest.

[Toddsterpatriot]

That’s awful! Bonuses and they repaid the loans.
Something must be done!
Higher tariffs, for the children!

[Toddsterpatriot]

No, not two months later.

But paid back, at a profit.
Unlike Fannie, Freddie, GM and Chrysler.

[AndyJackson]

Bailing out AIG was a bailout for GS, by the way. Solyndra was not a jobs program, BTW. It was a bailout for the principal investors with a lot of vigorish for a Washington law firm who did "legal work" greasing the skids for this deal.

PS. I don't respond to shills.