WSJ | Tying Health Problems to Rise in Home Foreclosures

Tying Health Problems to Rise in Home Foreclosures

The threat of losing your home is stressful enough to make you ill, it stands to reason. Now two economists have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S.

New research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University shows a direct correlation between foreclosure rates and the health of residents in Arizona, California, Florida and New Jersey. The economists concluded in a paper published this month by the National Bureau of Economic Research 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.

Each rise of 100 foreclosures was also associated with 12% more visits related to anxiety in the same age category. And the same rise in foreclosures was associated with 39% more visits for suicide attempts among the same group, though this still represents a small number of patients, the researchers say.

Teasing out cause and effect can be delicate, and correlation doesn’t necessarily mean foreclosures directly cause health problems. Financial duress, among other issues, could lead to health problems—and cause foreclosures, too.

Check out the rest here…

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4closureFraud.org

Comments
12 Responses to “WSJ | Tying Health Problems to Rise in Home Foreclosures”
  1. My 8 year old son is asking me to wrtie this for him says:

    It’s very sad to loose my childhood house.
    I miss my room and my pool and my friends.
    I DON’T LIKE THOSE BAD GUYS AT THE BANK WHO STOLE MY MOM”S AND MY HO– USE!

    When I grow up I want to be a lawyer and give back the houses to all the people who got them stolen too!

    Signed:
    Mad Little Dude

    • talktotennessee says:

      Lets hope your son grows up to help others.
      If you are still in the home, contact legal services in your city or an attorney who does bankruptcy work and ask for guidance. Ask them to review your loan package to see if there is something they can find that is out of order. Learn what your options are that would prevent eviction or foreclosure. If you have not received the Fair Debt Practices Act letter warning of foreclosure, watch for it. It may be worthwhile to challenge the allegations in the letter regardless of whether you know their validity. The FDPA law holds the lender responsible for notification and allowing you a challenge to any creditor.There is a timeline in which to act on your rights. Many people are discovering their loans are faulty and they never knew it.
      As your son wants to do, sometimes one has to fight for his or her rights.

    • talktotennessee says:

      Sometimes even when foreclosure and eviction have taken place, it can be reversed, through legal action, particularly if fraud or irregularities in the loan are involved. (per my attorney)

  2. talktotennessee says:

    I have aged 10 years in the last 5 but this study is flawed. Most of us can’t afford an ER or our doctors. There are a vast number of self employed, independent contractors that are never counted for anything in the current economic rating systems. No unemployment insurance or records of our underemployment or loss of income is registered anywhere. An entire industry in building, contracting, selling and services is never counted. I imagine if the numbers were really known, it would trigger another market decline but we go blissfully on with our heads in the sand, looking for little ‘tiny green shoots’ that will tell us we are gong to be okay. All the time we know in our minds and hearts that the housing market continues to fail. It will not return to prior status for years because it hasn’t reached the bottom yet. Shadow inventory (Foreclosures) are sitting on ‘books’ not moving because to do so would tell investors how ‘bad’ things really are and tthat would trigger more lawsuits and bank failures. We at the edge of an abyss.

    I was never a ‘chicken little’ person but we need to deal in reality. The housing bubble that burst was more than just a bubble, it was a way of life washed down the tubes. One in which middle class jobs and income were in decline from early 2000s when jobs and markets began outsourcing heavily into other countries. The middle class began slipping, so what did banks and credit card companies do? They blew up the credit and housing market with inflated home equities and easy credit cards, which allowed people to deal on borrowed money. That way of life is history now and we sit waiting for the next “big” thing to rescue us out of our slump!
    It won’t be another war, we are in two of those with our 20+ year old kids dying daily. No romantic revitalization on deck there.
    So what’s it going to be? How are we going to re-invent ourselves?
    Or have we reached the crossroads in this country with what we have now the end of an era, a burst of a bigger ‘bubble?’ The decline of the U.S?

    • Fury says:

      i agree that the statistics never tell the true picture.
      many have fallen through the cracks.
      we have lost so much to these fraudsters.

      i believe that things can turn around if the People through off the shackles of the bank criminals.
      we can have a return to people offering their talents, products and services instead of
      an economy built upon false values and criminal activities.

      is our economy based on off-track betting or the las vegas football point spread?

      why is our economy so invested in wall street and their shenigans?
      it is nothing more than gambling.
      many times they bet against our country succeeding.
      how sick and twisted.

  3. foreclosureweary says:

    STRESS IS ONE OF THE MAJOR CA– USES OF CANCER!

    I’M SURE THAT’S ANOTHER REASON WALL STREET WANTS TO KEEP US STRESSED. THEY ARE NOW BETTING ON LIFE INSURANCE POLICIES!

  4. lizinsarasota says:

    Houseman Rob, you are so right. We’ve got to watch our diets and get regular exercise. I strongly suggest walking your dog, biking, and gardening. Gardening, of course, has the added benefit of producing good food and the satisfaction of saving money.
    I’ll be darned if I let my bank turn me into a weepy idiot. However, I have had my moments.

  5. housemanrob says:

    We all should eat well and practice stress management technics.

    • see says:

      My husband was diagnosed bi-polar way before our home was stolen. He was on meds and even those meds which worked so well for many years, did not keep him from severe depression. There are days, even now, when he cannot get out of bed. This was a guy who worked almost 7 days a week and never bat an eye nor did he complain. He loved to work.

      I have a have high blood pressure (heredity) and have been on meds and it did wonders until the foreclosure mess. I eat right, exercise, talk to a therapist, and try to manage my stress. But I can tell you, that even with all that, I still have moments high anxiety and my blood pressure rises.

      This is a good article. Foreclosures even affect small children dramatically.

      • Fury says:

        fraudclosure puts such an incredible strain on even the young and healthy.
        someday, and i hope it is very soon, these banksters will pay for what they have done.
        and i mean, pay back the money they have stolen from us.

        i wish you and your husband well.
        we have started watching DVD movies from the library on our computers and TV as a way to try to escape the pressure.

      • Fury says:

        watching old musical performances on youtube is also a great escape.

        the protest songs of the civil rights movement and sixties and 70s ant-war songs
        rev of up for the current fight.

        you can find them all on youtube.

        we are not going to back down. we are going to fight this monstrous treachery.

  6. Michelle says:

    This article is right on! Regardless of researchers saying the amount people who went to the emergency room for anxiety, hypertention, etc. is a small amout, it’s still shows those numbers have risen. What about all the people who already suffer from anxiety/depression and symptoms got worse but they didn’t seek help or all the people who suffered the above but either refused to seek help or couldn’t afford it. Yes, many stress from financial difficulties but losing your home is an awful thing to have to go through, especially when it’s taken by fraud!
    Signed,
    Ex-Homeowner

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