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.

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