Doesn't have to be reversed, just look at the number of people that are being let go at big companies.
you think you have a steady income and a good job so you take on a loan to buy a home.
Market collapses, you took a loan for a home that lost 20% of it's value.
You lose your job, can't find a new job with the same wage can't keep up with the payments. lose the house since it lost 20% value you are still in debt without a home...
Shit spirals out of control and you end up demotivated and start drinking...
I’ve been let go many, many times. This is my third major economic recession. There is always work for people who can wake up sober and get to a job on time. Always.
The people on the streets are the least productive in society. They want to work the least. They distract themselves with drugs, dopamine from video games, whatever. They apply for one job, then declare they cannot get work. They also refuse to follow rules. There are shelters, but they demand you sober up and obey curfew. Nope. They have families, but they demand you sober up, stay on your meds, don’t get violent towards your family members… nope. They are on the streets because they want to be there more than they want to comply with the rules attached to all the many, many alternatives.
So yea, mostly drugs start it all off. Two of my kids are on the path to the streets. It’s horrifying to watch. But if they end up there, it’s not going to be due to the high cost of housing or job loss.
Doesn't have to be reversed, just look at the number of people that are being let go at big companies.
you think you have a steady income and a good job so you take on a loan to buy a home. Market collapses, you took a loan for a home that lost 20% of it's value. You lose your job, can't find a new job with the same wage can't keep up with the payments. lose the house since it lost 20% value you are still in debt without a home...
Shit spirals out of control and you end up demotivated and start drinking...
I’ve been let go many, many times. This is my third major economic recession. There is always work for people who can wake up sober and get to a job on time. Always.
The people on the streets are the least productive in society. They want to work the least. They distract themselves with drugs, dopamine from video games, whatever. They apply for one job, then declare they cannot get work. They also refuse to follow rules. There are shelters, but they demand you sober up and obey curfew. Nope. They have families, but they demand you sober up, stay on your meds, don’t get violent towards your family members… nope. They are on the streets because they want to be there more than they want to comply with the rules attached to all the many, many alternatives.
So yea, mostly drugs start it all off. Two of my kids are on the path to the streets. It’s horrifying to watch. But if they end up there, it’s not going to be due to the high cost of housing or job loss.