State of Two Homeless Problems in the USA
We are all very aware of the super increase in home prices in the USA. Whether it be due to the global pandemic or not, the home prices have soared in the last 3–4 years and are on the verge of becoming out-of-reach for many millennials looking to purchase their 1st homes to start their long journey. Double digit increase in home values in the last several very discouraging news to those who saved up their money for home purchases as they become a lot more expensive. We see on news outlets that mortgage loan interests have spiked to 5% on top of already expensive homes, so we are forced to spend more than 30% or even 40% of our monthly income on just mortgages alone — making our lives that much difficult with all prices go up but our salaries. Even if we have good employment, enough money in the checking/savings account, and relatively good credit standing, the rise in home prices is difficult to catch up to, so many young Americans simply give up (oh, by the way, rents go up too).
Another problem is the rising number of real and literal homeless people in America. Now, I believe this is due to the COVID-19. Many people lost jobs during the COVID-19 from 2020 to 2022. The global economy tanked, the supply chain all messed up, and the rising cost of all expenses forced many to be homeless simply because they cannot maintain their living with low wages and employment lost. Small businesses, such as small restaurants and convenience stores, lost their entire revenue as people were forced to sit at home. The tourism industry plummeted globally as nobody traveled in the last two years. Those who could have worked remotely may not have suffered, but some jobs require you to be present and stand in front of customers like retails, lost jobs. As they couldn’t afford to pay the mortgage, rents, and everything else, many were simply forced to put up tents in the streets. This is a real bad sign for America.
Homeless people are a real bad indicator for social settings as it brings multiple problems to the locals and the region. First, it increases public safety. Homeless people fear nothing as they have nothing to lose. I have met some nice and kind homeless people, but the majority of people were simply rude and had behavioral issues. And this was during the daytime, as I do not go near the homeless tents at night. We’ve all seen news and documentaries that many people have drug issues, medical issues, and ultimately mental issues that they don’t simply follow through the societal standing. I do feel bad for these people as many can be saved with little help and effort, but they don’t seem to want that. I guess once you live in tents and get used to it, it just becomes normal for them. The second problem is that many of these people are young citizens. They start homelessness at such a young age that it cannot be good for the American future in general. Likely, they’re addicted to drugs — making them unable to think and act clearly and stay sober.
Recreational marijuana is legal in almost all 50 states and I can smell it in the streets when walking. I am against the legalization of this, but that topic is for another day. My point is that drugs are easy to obtain in America and very easy to get addicted to since its chemicals affect our body cells and change our emotions, thinking process, and ultimately our desire to stay that way. I don’t believe this is good for our future generation, but I guess the money (and the taxes) are good, so we march on and let this be our future generation’s problem, rather than ours.
We are home-less because the home prices are too high and cannot afford it with our low paying and minimal-increasing salaries. We also find that number of homeless people (tent city) go up in many big cities. Big cities where there are many jobs to be had like New York City, San Francisco, and Los Angeles.
I feel like as the real estate market continues to soar, it’ll only force young Americans to 1) go for quick and big gains such as cryptocurrency, gambling, and illegal trades 2) stay with our parents until they give us their homes 3) pay rent forever and live paycheck-to-paycheck and 4) if nothing works, we can still have our home, I mean tents (and they likely don’t require loans).
Whatever happens, it’s not a good look. I don’t know how our Federal & State governments can fix this. They won’t. They care about their agendas and standing (many are 60+ so they’ve made $$ off real estate). California is losing people left and right. They’re losing corporations too. They flee to less problematic places and lower cost-of-living cities. Young people know that they cannot keep up with the rising cost of expenses in big cities. I’m not here to provide solutions. I don’t have one. I just worry that these two outstanding issues are correlated and that looked at closely if America wants to keep its standing as the #1 global power.