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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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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The 2000 dot-com crash did the opposite: rents went down a lot, but home purchase prices increased b/c the fed cut rates and borrowing costs dropped.
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The affordability crisis has made it much more difficulty to find housing for homeless and extremely housing insecure family members. The system needs to be burned down actually.
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