In most countries, homelessness is concentrated in wealthy, but expensive cities e.g. London, NYC. There are plenty of well-paying jobs (even relatively unskilled ones) but high rents more than make up for it. I felt significantly more housing-secure living in a cheap area with a shitty job than in an expensive area with a good job.
My friend in California makes twice as much as I do on the east coast. I can afford a home and he can’t.
Supply and demand. Housing prices will only go down when there is significant excess supply.
If you want to help homelessness build more housing. Not specifically low income housing, just lots of housing. No it is not going to help the people living on the street right now, but it is the only real solution.
Two sides of the same coin.
>Unless you only care to push an agenda.
Some people prefer to prevaricate and show only faux concern for the homeless, I guess.
It's understandable - there are a lot of people who while they dont want to be seen to be outright hostile to the plight of the homeless, will react negatively to the idea of seeing the value of their assets decline.
(EDIT: assuming you have policy to maintain full employment…)
If you are after a single root cause of homelessness you will be disappointed. Unless you only care to push an agenda.