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Megan Molteni
Unhoused people all over the country are struggling profoundly during the pandemic, whether they’ve been experiencing homelessness for as long as Hirschman has or have only recently fallen on hard times. A college student studying computer science in Kentucky, who wished to remain anonymous, became homeless during the pandemic after having to choose between paying for classes and making rent. Social distancing left them without couches to sleep on. They consider themselves fortunate: They are mentally healthy, and have a phone and laptop. “Without technology, I don’t know where I’d be. I’m calling a day or two ahead to make sure I can reserve a bed at the homeless shelter,” they say. “It’s brutally cold. You can’t sleep outside. You will die.”
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January 22, 2021 1:22 PM Natalie Campisi - Forbes Advisor
Posted:
Updated:
January 25, 2021 6:18 AM
President Joe Biden is no stranger to severe housing problems. When he became vice president in 2009 under the Obama administration, he inherited a massive subprime mortgage crisis that caused millions of people to lose their homes through foreclosure while trillions of dollars of equity disappeared.
The housing crisis was the country’s worst piñata, filled with sloppy and predatory lending, expensive adjustable-rate mortgages, an oversupply of housing and lack of government oversight. And when it was finally split open, it exposed a rotten system that needed an overhaul.
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