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Finland ends homelessness and provides shelter for all in need

Summary:
I remember when I was young there was this new homeless guy who turned up on the street. Occasionally he would come into the pub my friends and myself drank at, but he would only ever drink half a pint. One day he saw me with the Guardian and he said he used to read it. We got chatting to him and he seemed to be a nice guy.On another occasion he was in the pub when an old friend of his turned up, who said he said he had been looking for him everywhere. He seemed middle-class and he spoke to this homeless guy about some casual things like, it's a nice day, isn't it, before asking him about what had happened to him? He asked, 'Why had he gone all funny like this, walking about the streets?' He then said to him, 'Do you remember when we used to play cricket for Surrey', and the conversation

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I remember when I was young there was this new homeless guy who turned up on the street. Occasionally he would come into the pub my friends and myself drank at, but he would only ever drink half a pint. One day he saw me with the Guardian and he said he used to read it. We got chatting to him and he seemed to be a nice guy.

On another occasion he was in the pub when an old friend of his turned up, who said he said he had been looking for him everywhere. He seemed middle-class and he spoke to this homeless guy about some casual things like, it's a nice day, isn't it, before asking him about what had happened to him? He asked, 'Why had he gone all funny like this, walking about the streets?' He then said to him, 'Do you remember when we used to play cricket for Surrey', and the conversation went on like that.

This homelessness guy once had a good job, a wife, and lots of friends, and playing cricket for Surrey is approaching professional.

This old friend had heard about what had happened and seemed to have come out searching for this guy to help him, but sadly, as the months went by he stayed on the street, but I couldn't figure out why, because his friend had come to save him, and he was bright and intelligent, and didn't seem to be an alcoholic. I felt so sad for him.

Wow, Finland, terrific!

Providing people with apartments is cheaper than leaving them on the street

Creating housing for people costs money. In the past 10 years, 270 million euros were spent on the construction, purchase and renovation of housing as part of the “Housing First” programme. However, Juha Kaakinen points out, this is far less than the cost of homelessness itself. Because when people are in emergency situations, emergencies are more frequent: Assaults, injuries, breakdowns. The police, health care and justice systems are more often called upon to step in – and this also costs money.
In comparison, “Housing First” is cheaper than accepting homelessness: Now, the state spends 15,000 euros less per year per homeless person than before.




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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