United States of Absurdity Housing

Posted on January 11, 2007. Filed under: Team America |

USA Today reports that there were 744,000 homeless in the United States of Absurdity in 2005 (link via Prophetic News Headlines).

Here’s a poignant excerpt:

“The driver in homelessness is the affordable housing crisis,” Roman [president of the National Alliance to End Homelessness] said. “If we don’t do something to address the crisis in affordable housing we are not going to solve homelessness.”


Reuters reports that U.S. home prices are unaffordable for many workers, according to a study conducted by the nonprofit Center for Housing Policy. U.S. home prices may have dipped over the past year, but many American workers would still struggle to afford a median-priced home in major cities. The study found an annual income of nearly $85,000 was needed to afford the median-priced U.S. home.

An excerpt:

“For the low- to moderate-income individuals that we’re talking about, they’re not going to be helped by marginal declines in home prices,” Lipman [research director for the nonprofit Center for Housing Policy] said. “The only way to address the problem is to create more affordable units (homes) — which may mean higher density units, townhouses and condos.”


AFP reports (via Yahoo News) on a UN study that says a cooling US housing market signals slower world growth this year.

Technorati tags: ,


Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: