How To Increase Homelessness?Make Housing Less Affordable

Looks like less and less people are able to afford buying the American Dream.

The California Association of Realtors announced that 1% fewer people in Los Angeles can afford a home, compared to the same time last year. The median home price in L.A. in December was $552,760. The same time a year ago, the price was $463,450. Here's the article.

Only 12% of L.A. households can afford to buy a home. Looks like L.A. is the land of renters.

And the reality of all these facts is that as housing costs go up—for both rentals and ownership—the risk of homelessness rises also.