Roberts: When your rent increases so does homelessness

By | Jan 9, 2019

When I sat in my high school economics class, years ago, I struggled with conflicting numbers, lofty principles, and difficult equations. How would macro or micro economics impact a teenager who was more worried about sports and weekend activities?

But one high school economics principle stuck with me to this day — the law of supply and demand. If the supply of a product is high and the consumer demand is low, the price goes down. The opposite is also true. If the supply is low, and demand is high, the price skyrockets.

In the past decade, this simple high school lesson has crash landed within the city borders of San Jose. Once a Spanish settlement, the city has become the epicenter of the world’s tech industry, and unfortunately, is also home to the least affordable housing community in America…

To continue reading the entire article on San Jose Spotlight, click here.