Foreclosures Are Making People Sick

Seven years after the housing bust began, millions of Americans are still suffering. And suffering is the operative word—because both foreclosures and economic inequality impact people’s health.

1 minute read

January 9, 2015, 10:00 AM PST

By Lisa Monetti


By Antwan Jones and Gregory D. Squires

While foreclosure activity has declined since the peak of the mortgage crisis, millions of families are still at risk of losing their homes. Over 10 million families were still delinquent in their mortgage payments, underwater on their mortgages or otherwise vulnerable to losing their homes in 2013, according to a report from Harvard University’s Joint Center for Housing Studies. And RealtyTrac recently reported that foreclosure filings increased slightly in the third quarter of 2014.

Meanwhile, economic inequality is on the rise. Researchers with the Century Foundation and Rutgers University found that areas of concentrated poverty—census tracts in which the poverty rate is 20 percent or greater—have increased by over 40 percent since 2000. And the Federal Reserve reported in September that the income of the wealthiest 10 percent of Americans grew by 2 percent between 2010 and 2013, while the income of the bottom 60 percent actually declined.

These statistics clearly show that seven years after the housing bust began, millions of Americans are still suffering. And suffering is the operative word—because both foreclosures and economic inequality impact people’s health.

In 2011, the National Bureau of Economic Research reported that people living in areas with high levels of foreclosures are far more likely to experience...

Thursday, January 8, 2015 in Rooflines

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

High-rise apartment buildings in Waikiki, Hawaii with steep green mountains in background.

Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss

The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.

April 6, 2025 - Honolulu Civil Beat

Two yellow and white Dallas Area Rapid Transit light rail streetcars at station in Dallas, Texas.

North Texas Transit Leaders Tout Benefits of TOD for Growing Region

At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.

April 3, 2025 - KERA News

Blue and white Seattle Link light rail train exiting concrete Downtown Bellevue Tunnel in Bellevue, WA.

Why Should We Subsidize Public Transportation?

Many public transit agencies face financial stress due to rising costs, declining fare revenue, and declining subsidies. Transit advocates must provide a strong business case for increasing public transit funding.

April 7, 2025 - Todd Litman

Amtrak Acela

How to Make US Trains Faster

Changes to boarding platforms and a switch to electric trains could improve U.S. passenger rail service without the added cost of high-speed rail.

April 11 - Bloomberg CityLab

Mural showing tools and craft supplies with banner reading 'Things are made here' in front of makerspace in Columbia, Missouri.

Columbia’s Revitalized ‘Loop’ Is a Hub for Local Entrepreneurs

A focus on small businesses is helping a commercial corridor in Columbia, Missouri thrive.

April 11 - Next City

Close-up of wood log with emerald ash borer larvae tracks etched in the wood.

Invasive Insect Threatens Minnesota’s Ash Forests

The Emerald Ash Borer is a rapidly spreading invasive pest threatening Minnesota’s ash trees, and homeowners are encouraged to plant diverse replacement species, avoid moving ash firewood, and monitor for signs of infestation.

April 11 - The Bemidji Pioneer