Foreclosures and Health

By
Real Estate Agent with Westline Real Estate BRE# 01379108

healthIt's seems obvious that anyone who is facing a foreclosure situation would also be facing a large amounts of stress. I just read in my Real Estate magazine, the official magazine of the California association, that there may be a link between forclosures and an increase in medical visits. The largest impact seems to be in states that have been hit especially hard by the foreclosure crisis, such as Arizona, California, Florida, and New Jersey. Research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University said, "We find that an increase in the number of foreclosures is associated with increases in medical visits for mental health (anxiety and suicide attempts), for preventable conditions (such as hypertension), and for a broad array of physical complaints that are plausibly stress-related".
They found an increase of 100 foreclosures corresponded to to a 7.2 percent rise in emergency room visits and hospitalizations for htypertension; an 8.1 percent increase for diabetes; 12 percent more visits related to anxiety; and 39 percent more visits for suicide attempts, all within the 20-49 age group.
The researchers did go on to note that foreclosures aren't necessarily the direct cause of health problems, pointing out that stress could be linked to financial troubles preceding the loss of the home.

Thank you,

Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429

 

 

 

Comments (2)

Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Alan, that's a little known, or talked about, statistic. I can the see the connection. I know homeowners are emotional over the loss of their home, but if put in proper perspective, it's not worth loosing life, or ruining one's health over. Thanks for the post,

Nov 29, 2011 05:10 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

As I talk to the families that are facing the problems of a distress.  It is obvious that the issue is causing stress.  Stress causes all kinds of physical problems.

Nov 29, 2011 05:27 PM

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