Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

When Rents Rise, So Does Homelessness
STATISTA ^ | 07/13/2024 | Anna Fleck

Posted on 07/13/2024 8:36:43 AM PDT by SeekAndFind

According to a Pew Charitable Trusts study, rising rental prices are directly linked to an increase in homelessness in the United States.

As Statista's Ann Fleck reports, the U.S. Department of Housing and Urban Development’s homelessness data and Apartment List rent data from 2017 and 2022 shows that of the six metro areas where homelessness increased the most, rents had also risen faster than the national average.

These were Sacramento, Fresno, Raleigh, Phoenix, Austin and Tucson.

Infographic: When Rents Rise, So Does Homelessness | Statista

You will find more infographics at Statista

Meanwhile, four areas that saw declines in homelessness also saw below-average increases in their median rents.

The writers of the report explain:

“There are still places in the U.S. where levels of homelessness are low, either because those places have low-cost housing readily available - such as Mississippi, where homelessness is 10 times lower than California - or because they have rapidly added housing and made a concerted effort to reduce the ranks of residents without homes. In Houston, the rate of homelessness is 19 times lower than it is in San Francisco, even though Houston’s population has grown more than San Francisco’s in the past decade. Looking at these markets helps to show how population growth generally does not explain growth in homelessness, except in instances where there is not a sufficient increase in the housing supply.”

The analysts further note that while homelessness often has several contributing factors - such as substance use disorder, mental health, weather, the strength of the social safety net, poverty, or economic conditions - none are as impactful as the role of high housing costs.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: homelessness; housing; rent
Navigation: use the links below to view more comments.
first 1-2021-4041 next last

1 posted on 07/13/2024 8:36:43 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Master of the OBVIOUS!


2 posted on 07/13/2024 8:39:22 AM PDT by fortes fortuna juvat (Biden left our troops to die in Afghanistan and our military equipment to our enemy. Never forget.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Adam Smith dismissed this idiocy long ago. Rents are high because demand is high. Demand is high because the government prints money to provide free housing to illegal invaders. That hardworking citizens and veterasn are rendered homeless as a result is because they are priced out of the market by government driven demand.


3 posted on 07/13/2024 8:39:40 AM PDT by AndyJackson
[ Post Reply | Private Reply | To 1 | View Replies]

To: AndyJackson

Regular congestion of organisms will ultimately result in regular defections.


4 posted on 07/13/2024 8:45:00 AM PDT by DIRTYSECRET
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind
It's rent....not rents. Unless you're paying more than one to live at the place.

As in, how much is the rent....not, how much is the rents.

5 posted on 07/13/2024 8:47:15 AM PDT by ealgeone
[ Post Reply | Private Reply | To 1 | View Replies]

To: AndyJackson

When dope gets cheaper, homelessness rises, cause street people can’t get stoned in a homeless shelter.


6 posted on 07/13/2024 8:49:50 AM PDT by CharlesOConnell (CharlesOConnell)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

Wow. Who knew? Did you know? What a revelation.


7 posted on 07/13/2024 8:51:31 AM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The homeless people have figured out that comfortable year round climates like CA coastal cities are a lot better places to be homeless than the frozen north.

Homeless people react to incentives—just like everyone else.


8 posted on 07/13/2024 8:53:30 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Whatever the cause, high rental rates are killing people nationwide. I'm trying to find a newer place to call home but can't because rent is so high.

For instance, a place that I was looking into last year rented a two bedroom, one car garage, meant exclusively for seniors, for $800 a month. Not too bad. This year that same place now rents those same units starting at $1200 and up. $800 I could afford, $1200, no way. That's in Indiana. I have been looking everywhere, and outside HUD/Section 8 housing, rent is simply too high to afford, and those places are jacking up the rates, stealing 1/3 of your income/retirement.

I'm lucky that management where I currently reside keeps my rent low because I've been here for several years (12 year). But now that I am retired I want to relocate and can't do so, and I've been looking everywhere across the USA. Rates everywhere are through the roof.

9 posted on 07/13/2024 8:54:37 AM PDT by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Part of the problem is that government has upset the balance between landlord and tenant. Good luck these days removing a destructive tenant, or one who refuses to pay rent. It now takes months.

Maybe a huge corporation can absorb these losses. But a small landlord cannot.


10 posted on 07/13/2024 8:55:12 AM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AndyJackson

People in construction say the government is bringing in people so fast there is no way they can keep up with demand.


11 posted on 07/13/2024 8:58:04 AM PDT by packagingguy
[ Post Reply | Private Reply | To 3 | View Replies]

To: Leaning Right

Economics is largely about effects not seen and events that do not happen.

I could afford to invest in building rental real estate but refuse to do so for a bunch of reasons discussed in great detail around here. The risk/reward factor is out of whack—too risky for the potential rewards.

That non-event of what I do not do—multiplied by hundreds of thousands of potential investors—means a shortage of rental units and therefore much higher rents.


12 posted on 07/13/2024 9:02:27 AM PDT by cgbg ("Our democracy" = Their Kleptocracy)
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind

Homelessness is often a poor lifestyle decision affected not at all by rising rents.


13 posted on 07/13/2024 9:04:44 AM PDT by Responsibility2nd (A truth that's told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
These were Sacramento, Fresno, Raleigh, Phoenix, Austin and Tucson.

 

Gee. I wonder what all these cities have in common???

14 posted on 07/13/2024 9:06:24 AM PDT by Responsibility2nd (A truth that's told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ealgeone

What are the rents paid by the government to 1000 landlords for 100000 undocumented invaders? The gubmint is not paying one rent it is paying rents to lots of different members of the scamming off the tax payer elites in this country. It’s the mother of all rent seeking behavior, literaly scamming for the payment of rent above what would have been a much lower market value.

The continual real estate scam that is the US economy is why the weight of California is going to capsize the US.


15 posted on 07/13/2024 9:07:18 AM PDT by AndyJackson
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

Lets don’t leave out the rise of the flophouse which is the New scourge of metro Atlanta. We now have one next door. The county will do nothing. 15-16 people in a house 10-12 cars in the driveway. They’re in every neighborhood.


16 posted on 07/13/2024 9:10:10 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

AND Property taxes & property INSURANCE are going up exponentially.

Friend lives in average house in Foothills of the Sierra Nevada—west side.

HER house insurance has gone up to OVER $10,000.

She can no longer afford to Retire in Calif


17 posted on 07/13/2024 9:26:21 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Pretty obvious that inflation destroys the standard of living.

Inflation is a transfer of wealth to the Government and the rich who own real assets.

Economics 101.


18 posted on 07/13/2024 9:32:55 AM PDT by desertfreedom765
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

And what causes rents to rise?


19 posted on 07/13/2024 9:45:19 AM PDT by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

“When Rents Rise, So Does Homelessness”

And then those same rental properties become illegal alien living quarters at even higher monthly rent thanks to the government, I mean taxpayers, footing the bills.


20 posted on 07/13/2024 9:52:34 AM PDT by antidemoncrat
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson