Tag Archives: homelessness

Booming economy in Argentina creates more homelessness

The United Nations released a study which shows that violent evictions in Argentina has increased, despite a booming economy.  The reason is inflation.  Along with a good economy comes inflation, and the cost of housing is leaving thousands of people in Argentina with nowhere to live.

Most of the evictions are from what’s called “informal” housing.  The UN reported that despite Argentina’s attempts to balance the housing issue, demand for “formal” housing still outpaces supply.  This is keeping “formal” housing costs too high for the lower income earners, who turn to “informal” (illegal) forms of housing.