March 15, 2017

Legislature is ignoring lessons of the housing bubble - and it’s going to hurt Californians

California Economic Summit
Jennifer L. Hernandez

Californians learned something profound about the perils of housing insecurity when the housing bubble burst almost ten years ago. Foreclosures and evictions devastated the finances of millions of families, of course, wiping out the savings of entire generations. But as researchers began to sift through the wreckage of the recession, they found the acute anxiety generated by the loss of a home—along with the more general financial insecurity associated with struggling to pay for housing—had serious health impacts as well, from psychological disorders and substantial declines in physical health (including high blood pressure, depression, and increased obesity risk) to increased crime and child maltreatment.

READ: Legislature is ignoring lessons of the housing bubble - and it’s going to hurt Californians

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