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Making Room - The Economics of Homelessness (Paperback, New Ed)
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Making Room - The Economics of Homelessness (Paperback, New Ed)
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Mentally ill people turned out of institutions, crack-cocaine use
on the rise, more poverty, public housing a shambles: as attempts
to explain homelessness multiply so do the homeless-and we still
don't know why. The first full-scale economic analysis of
homelessness, Making Room provides answers quite unlike those
offered so far by sociologists and pundits. It is a story about
markets, not about the bad habits or pathology of individuals. One
perplexing fact is that, though homelessness in the past occurred
during economic depressions, the current wave started in the 1980s,
a time of relative prosperity. As Brendan O'Flaherty points out,
this trend has been accompanied by others just as unexpected:
rising rents for poor people and continued housing abandonment.
These are among the many disconcerting facts that O'Flaherty
collected and analyzed in order to account for the new
homelessness. Focused on six cities (New York, Newark, Chicago,
Toronto, London, and Hamburg), his studies also document the
differing rates of homelessness in North America and Europe, and
from one city to the next, as well as interesting changes in the
composition of homeless populations. For the first time, too, a
scholarly observer makes a useful distinction between the homeless
people we encounter on the streets every day and those "officially"
counted as homeless. O'Flaherty shows that the conflicting
observations begin to make sense when we see the new homelessness
as a response to changes in the housing market, linked to a
widening gap in the incomes of rich and poor. The resulting
shrinkage in the size of the middle class has meant fewer
hand-me-downs for the poor and higher rents for the low-quality
housing that is available. O'Flaherty's tightly argued theory,
along with the wealth of new data he introduces, will put the study
of homelessness on an entirely new plane. No future student or
policymaker will be able to ignore the economic factors presented
so convincingly in this plainspoken book.
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