The U.S has a huge homeless crisis with between 3-4 million being homeless many of whom are veterans.
According to a study, 9.9 million homes have been vacant since 2008 due to foreclosure. and as of 2011 that number has increased to 14.3 million units. As of 2014 that number is now thought to be even higher and nearing 18 million!
The stark realities that persist mean that millions of families will be facing the holidays in temporary homes, or homes under threat, and far too many children will be wishing for an end to the uncertainty and distress their family is facing.
The depth and severity of the foreclosure crisis is a clear illustration of the urgent need for the U.S. government to put in place a system that respects, protects and fulfills human rights, including the right to housing. This includes implementing real protections to ensure that financial institutions do not undermine or abuse human rights.
Many blame the bleak housing market and the unemployment rate for the number of abandoned homes in America. So how can the US solve this problem? John Taylor, CEO for the National Community Reinvestment Coalition, and Anthony Randazzo, director of economic research for the Reason Foundation, give us their take on what should be done with the homes.