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Where did $24 Billion actually go?
California spent a record-breaking $24 Billion between 2018 and 2023 to fight homelessness. Yet, during that exact same window, the unhoused population grew by over 20%. When a state auditor stepped in, they uncovered a shocking truth: state agencies stopped tracking outcomes, third-party non-profits operated with zero accountability, and affordable units ballooned to an absurd $1,000,000 per studio apartment.
In this video, we break down the economics of the Homelessness Industrial Complex—explaining the “Perverse Incentive” model where curing a crisis destroys the very business model that funds multi-billion dollar non-profit contracts.
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💬 QUESTION OF THE DAY: Is homelessness getting worse because of poor policy, or because keeping the crisis alive has become a profitable industry? Let us know your thoughts in the comments!
#Homelessness #California #Economy #PublicPolicy #Economics #NonProfit #CaliforniaNews #HousingCrisis
Welcome to Soldiers of Finance. We analyze global shifts and geopolitical events through a tactical financial lens. Our objective is simple: interpret the chaos so you can profit from the outcome.
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