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Condos. Unemployment. Rates | EP. 133

Angry Mortgage

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Housing Crisis: Disparities and Trends

This chapter explores the intertwined issues of income disparity and homelessness, highlighting a study of 38,000 homeless individuals in California that points to housing affordability as a primary cause of their situation. The conversation reflects on the evolving economic landscape of the real estate market since 2010, focusing on rising interest rates, unemployment, and halted construction affecting the condo market. Through personal experiences and historical anecdotes, the chapter emphasizes the urgent need for societal awareness and action regarding the current homelessness crisis.

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