Tech & Biz

Housing crisis puts families on the streets of L.A.

by fayala | April 15, 2009 at 08:56 pm

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The worsening economy has left many families in Los Angeles with no other option but to live on the streets.

There are an estimated 80,000 homeless people living in Los Angeles, according to a 2007 survey conducted by the Los Angeles Homeless Services Authority (LAHSA). These numbers continue to climb as the economic downturn forces more families out of their homes.

Tara Graham reports.

As more families join the ranks of the homeless in Los Angeles, shelters are struggling to make enough bed space available. Some organizations are coming up with unorthodox ways of helping those in need.

Nearly everyone is feeling the blow of the worsening economy, but for a growing number of L.A. families, these tough economic times have hit far beyond the pocketbook--they've hit home.

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Salma L

at 02:22 on April 24th, 2009

A lot of family has no shelter to live in, and it is just one of proofs that we are under economic recession. America is slowly drowning into a hole of debt, it really hard for us to get over from this economic predicament. A lot of people don't have the greatest faith in Wall Street at the moment. Economic crisis is the major concern of everybody. Right now may actually be a good time to invest. Well, the economy seems to be on the rebound. Principal protected notes are expected to be a big seller this year, as they are low risk, but as with low risk, generally low return. But they do return, so perhaps safe and long term products to invest in will begin Wall Street's credit repair.