The principle cause of today’s crisis of homelessness and housing affordability has one, single, primary cause: billionaires treating housing as an investment commodity.
No one wakes up one morning and chooses to be homeless. No one says to themselves, “How fun would it be for my kids and my family to live in a tent without food, water, school, or transportation?”
To end homelessness we must reclaim our housing infrastructure from the investor class, produce homes as if they were essential goods rather than investment vehicles.
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States prepare to use Medicaid for rental assistance for the first time. With rents growing to their most unaffordable levels ever, some states are preparing to use federal Medicaid dollars in the hopes that health will improve as housing stabilizes.
“There are Americans sleeping all over the streets in urban America,” Samuelsen says. “People have jobs and can’t afford homes. Never in my life have I seen a situation where America’s cities have looked like this."
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