Economics Assignment: Why an equity health care system is better for the economy than an efficient healthcare system
Executive summary
The housing crisis has continued to be on the rise worldwide. This is because on one hand,
there are too few houses that are being chased by too many tenants. This has created a
situation whereby the prices of housing have continued to rise. This problem is especially bad in
New York City. This is because there is approximately 1.35million rental apartment in New York
City. Of these, only about 900,000 are rent stabilized. These number is, however, is on the
decline, rapidly. In 2015, 154,000 housing units were deregulated. With deregulation, there has
been a constant increase in the number of prices charged by landlords. This has increased the
number of homeless people in New York. Statistics from the New York City department of
Homeless Services approximates that at least 63,500 new Yorkers sleep in the shelters offered
by the city each night. 75% of the homeless people in New York are families who have children.
Moreover, of the total homeless population in New York, approximately 27,000 are children. In
2015, it was estimated that 132,000 different people slept in shelters.
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