Sunday, October 30, 2011

Health Effects of the Housing Crisis

This article provides a sad take on how the housing crisis is having a direct impact on the health of the elderly. The relationship between the inability to pay off housing debts and making necessary medical payments has put many people struggling with chronic diseases such as diabetes or hypertension in the impossible situation of choosing between health or a home. On top of that, the study shows that 22% of people dealing with housing issues showed an increase in depression among other social and mental issues. This just goes to show that the issue of housing and debt extends much further than homes, neighborhoods, and banks.

http://www.newsmax.com/TheWire/jobs-housing-health/2011/10/21/id/415292

2 comments:

  1. I was just having a conversation with my mom about this the other day about whether my sister should buy a house or not. she just graduated last summer and have a great job with a great salary and full benefits but the job is far from our house. so she is in a tough spot when it comes to deciding if she wants to buy a house near her job or live at home and save money for the future.

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  2. Its tough when people have other issues like health to worry about then to pay off a mortgage on a house they can't afford. Depression is also a big thing because knowing you can't pay off your house means you are going to have to move and eventually your credit line will be really bad.

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