The #1 cause of homelessness in SF, according to interviews of people without housing and the comprehensive point-in-time count out today, is job loss. It's bad the count went up during a boom, but don't fool yourselves into believing that it wouldn't get worse in a downturn.https://twitter.com/shane_bauer/status/1147197354401042433 …
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like last recession, *maybe* some people I knew were aggressive enough to negotiate 10% discounts on rent. But people's incomes don't go down by 10%. They straight up just lose their jobs.
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I remember talking to a realtor here in the East Bay after the 2008 crash. While distraught that he wasn't making any commissions, he was reassured that income was going up on his rental properties, because so many foreclosed homeowners were entering the rental market.
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