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NoJobSurvivor has been presenting articles on the effects of stress and joblessness for almost two years now, so certainly this headline is no surprise. But now there's a new report from Alameda County California which finds that "foreclosures have not only economic consequences, but create health problems for the people and families involved - and those effects can ripple throughout a community."
The report includes a survey of approximately 400 residents of Oakland, CA who have been hit hard by the foreclosure crisis. According to the SFGate: "the Alameda County Public Health Department and Causa Justa/Just Cause, a housing rights group, teamed up to look at how people undergoing foreclosure experience higher levels of stress and increased medical problems. Tenants living in buildings in foreclosure have similar problems."
"When people think of the foreclosure crisis, they tend to think of the homeowners," said Gabe Treves, program coordinator with the group. He added that foreclosures cause tenants stress and often force them to live in substandard conditions.
"Tenants are absolutely the innocent victims of the foreclosure crisis," he said.
-- Residents going through foreclosure or those who had recently lost their homes were twice as likely as others to say their mental and physical health had become worse over the past two years.
-- More than 3 in 10 foreclosed residents reported forgoing medical care due to money concerns.
-- 31 percent of tenants in foreclosed buildings said they were living with mold, rodents, cockroaches or other unhealthy conditions.
Read SFGate article and/or full report from Alameda County
One would think Congress or The White House would be able to put a bill in place that would tax companies and their leaders for behaving in a way that deadens the economy for profit. But, no not here in the US where lawmakers get big payouts from such companies and corporations.