PropertyProf Blog

Editor: Stephen Clowney
Univ. of Kentucky College of Law

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Friday, September 2, 2011

Foreclosures Make People Sick

The Wall Street Journal reports that the foreclosures are correlated with bad health outcomes:

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.

Steve Clowney

http://lawprofessors.typepad.com/property/2011/09/foreclosures-make-people-sick.html

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