San Diego Housing Market News and Analysis
Poverty, Politics and Profit
User Forum Topic
Submitted by phaster on May 11, 2017 - 7:05am
anyone else watch the PBS program about "Poverty, Politics and Profit?"
Affordable Housing Program Costs More, Shelters Fewer
On the south side of Dallas, Nena Eldridge lives in a sparse but spotless bungalow on a dusty lot. At $550 each month, her rent is just about the cheapest she could find in the city.
After an injury left her unable to work, the only income she receives is a $780 monthly disability check. So she has to make tough financial choices, like living without running water.
Every day, she fills bottles with water from a neighbor's house and takes them home. She washes her hands with water heated in an electric slow cooker. She uses a bucket to flush the toilet.
"I'm tired, but I don't have nowhere to go and I don't have enough money to do it," she says, fighting back tears. But she adds, "I'm not living on the streets. I'm not homeless."
Eldridge is among the 11 million people nationwide making these kinds of choices every day. The government calls them "severely rent burdened" — people paying more than half their income in rent.
IMHO this is yet another corruption/mismanagement issue that is going to contribute to TSHTF
When Los Angeles Mayor Eric Garcetti unveiled his proposed budget last week, he called a $176-million effort to battle homelessness his top priority, highlighted a $35-million plan to mend broken streets and promised $2 million to clean up graffiti.
He did not mention the expenditure that dwarfs all of those combined...
LA, San Diego, Dallas, Chicago, etc. different places, same big problems!
~Active forum topics~
|* Investment advisory services and securities offered through Girard Securities, Inc., member FINRA and SIPC. Investment advisory services also offered through Crawford Capital Management, Inc. Pacific Capital Associates and Crawford Capital Management, Inc. are not affiliated with Girard Securities, Inc.|