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Thread: What happened to create so many homeless?

  1. #21
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    I have looked up the stats and ours is increasing because of rents going so high and a rental shortage.

  2. #22
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    Quote Originally Posted by LDAHL View Post
    Who in his right mind would lend money on the strength of a merger of two overleveraged entities burdened by such large State mandates? Is California offering some kind of guarantee?
    Aetna (recently acquired by CVS) "is helping to build a healthier world". Maybe Aetna would be interested in buying bonds in overleveraged hospitals as they consolidate. Heads, they win. Tails, the hospitals go through a financial reorganization and the bondholders become the new owners.

    Speaking personally, I have never felt comfortable with the default risk associated with hospital bonds. Maybe I would consider buying one, if the bond was insured and it was rated investment grade. I do not believe California is making a guarantee …

  3. #23
    Senior Member bae's Avatar
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  4. #24
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    I live in a small city of about 30,000. There is one homeless shelter in town. They average 200 people a year staying at the shelter and they are almost always full. They get a lot of families, both single-parent and intact families.

    Here in New Hampshire, the winter cold and snow make shelter a necessity. Most of the surrounding towns have a shelter and the county runs a shelter in the winter. When one is full, police will transport people to another town with space in a shelter--all someone has to do is ask for a ride. Our city police station makes the lobby available for people to come in and get warm, and the local senior center has a warming shelter available during the day.

    The shelter in a neighboring city has space for 100 single people a night. They were over capacity 84% of the time last year.

    I have never seen someone who looks homeless here. Not the way I could easily identify many homeless when I lived in Boston. I think in smaller cities and towns like mine, it's a hidden problem. Until this posts, I hadn't given the subject much thought--out of sight, out of mind.

  5. #25
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    Quote Originally Posted by bae View Post
    Might some of the increase in the Dakotas be related to the rapid influx of oil and gas workers?

  6. #26
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    Quote Originally Posted by LDAHL View Post
    Might some of the increase in the Dakotas be related to the rapid influx of oil and gas workers?
    I drove through there several times in 2018, in the spring and summer, and in the fall of 2017, and I was amazed at the number of mobile homes, RVs, and other such things in clusters alongside the road, clearly looking like expedient/rapid housing for workers. I suspect those states' numbers are "odd" because the housing stock hasn't remotely caught up to the gold-rush demand.

  7. #27
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    Quote Originally Posted by LDAHL View Post
    Might some of the increase in the Dakotas be related to the rapid influx of oil and gas workers?
    I drove through there several times in 2018, in the spring and summer, and in the fall of 2017, and I was amazed at the number of mobile homes, RVs, and other such things in clusters alongside the road, clearly looking like expedient/rapid housing for workers. I suspect those states' numbers are "odd" because the housing stock hasn't remotely caught up to the gold-rush demand.

    I think I mentioned a few years ago when I got my HAZMAT certifications, I received out-of-the-blue multiple job offers from companies in the region. They must have been desperate for a workforce.

  8. #28
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    Quote Originally Posted by bae View Post
    I drove through there several times in 2018, in the spring and summer, and in the fall of 2017, and I was amazed at the number of mobile homes, RVs, and other such things in clusters alongside the road, clearly looking like expedient/rapid housing for workers. I suspect those states' numbers are "odd" because the housing stock hasn't remotely caught up to the gold-rush demand.
    I knew a guy who worked on the Alaska pipeline back in the day. He described scenes like that.

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