Thursday, February 5, 2009

Housing Crisis

A major crisis in todays world is the increase of housing foreclosure. Cities throughout the country are seeing an increase of housing foreclosure. The mortgage foreclosure crisis is having bad effects for many cities. Since the crisis started cities are seeing a drop in their revenues. The revenues are dropping but the services needed are in greater demand.  A increase of crimes is also an effect of the crisis. There are more crimes going on, but there is not enough money to have more cops on the street. There are now more homelessness and more vacant property. Many cities are seeing an increase in need for temporary and emergency housing.    

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