One would have expected the last administration to "fix" this problem, but alas, Hope and Change was just a slogan.



That hope and change actually exacerbated this problem. Because productive economic policy was not even in the room we had to collapse interest rates, borrow almost $9 Trillion and print over $3 Trillion to keep the wheels on the American economy. All that money falling from the sky has driven up asset values. Real estate is front and center to this "stimulus".



So the answer to the homeless problem (there is never a total solution) is to create effective policy that focuses on economic growth. Growth puts more people to work. And worthwhile growth helps incomes and savings to rise, maybe enough to keep real estate values where they are.



Otherwise, rising interest rates and removal of fiscal and monetary stimulus will cause real estate values to fall. Unless of course we continue to allow imported foreign money to drive up real estate values in this country.