: Are Foreclosures Making Us Sick? It Might be True!

Are Foreclosures Making Us Sick? It Might be True!

Foreclosures Are Making Us Sick!

What are the full effects of foreclsoure on society?  

New research by a joint Princeton University and Georgia State University study inidcates the threat of foreclosure is making us sick!

SOCHTwo economists and have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S.  They showed a direct correlation between foreclosure rates and health in residents of New Jersey, Arizona, Florida and California.

Each state was analyzed by ZIP code, comparing foreclosure rates to reports of emergency-room visits and hospital admissions for stress-related conditions from April 2005 through December 2009.

Their conclusions published last month by the National Bureau of Economic Research showed that an increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for diabetes, among people aged 20 to 49.

This will cause bigger problems in the future because many of those seeking emergency room services are unemployed and without health insurance to pay the hopsital bills. 

Now there's a call for health care dollars in any government funding to deal with the crisis in the housing market!!  Read the NY Times op-ed

 
 
 
  

     
Comment balloon 6 commentsLaura Giannotta • October 23 2011 10:00AM

Comments

Laura - sadly, I'm not surprised. With all the stress of facing a foreclosure I'm sure it brings on many stress related illnesses not to mention anxiety attacks and depression. It's really sad and we can only hope the market recovers very soon.

Posted by Kristine Ginsberg, NJ Home Stager (Elite Staging and Redesign, LLC) almost 7 years ago

It is indeed heartbreaking to see how difficult it is on the foreclosure and short sale sellers, way too many people have been affected by this downturn. 

Posted by Brin Realty Associates Team At Bean Group, Amherst NH homes and Southern NH real estate (Bean Group | Brin Realty Associates) almost 7 years ago

Laura, it does make sense, but I'm inclined to believe that lifestyle changes of those foreclosed on because of loss of job, less or no money and poorer eating habits may be impacting that upward trend. 

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) almost 7 years ago

Kristine, Rene & Nick....perhaps desire and other things...but Who told people to use their home as an ATM??

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 7 years ago

The stress involved in losing your home is real.  Stress is a big factor on a person's health.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 7 years ago

Laura, I'm not condoning that at all. It does follow though that these same people who would take out interest only loans and make use of the "creative" financing available to them that was so obviously askew would not be thinking beyond the next paycheck.  Anyway, I really don't have a lot of sympathy for "those" buyers or the lenders that preyed on them.  I do have sympathy for people that have done it right, but for a job loss find themselves part of the foreclosure crisis.

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) almost 7 years ago

Participate