While there are approximately 18.5 million vacant homes in the U.S., there are 3.5 million homeless, and many of these homeless are veterens.
I’ve been catching up on blogs, and my blogger friend Ktismatics posted on this a few weeks back in Three Economic Shorts. I would raise a similar question from my previous post Good to the last drop: What accountability exists, in our capitalistic economy, to keep people from being exploited? Or in this case, it is perhaps more to the point to question the general sanity of a system that has over five times the number of homes available as there are homeless people. But it has always been this way. During the bread Depression era, families and children starved while crops would sit in storage and in some cases would even be burned.
The government has put measures in place to help people keep their homes, and this is a very positive thing, but it is still distressing that we have given the banks a bailout with public funds while many in the public go without shelter, especially veterans who often struggle with post traumatic stress disorder and other psychological all maladies.
Here are the statistics, originally posted at Amnesty International:
“Since 2007, banks have foreclosed around eight million homes. It is estimated that another eight to ten million homes will be foreclosed before the financial crisis is over. This approach to resolving one part of the financial crisis means many, many families are living without adequate and secure housing. In addition, approximately 3.5 million people in the U.S. are homeless, many of them veterans. It is worth noting that, at the same time, there are 18.5 million vacant homes in the country.”