KINGSTON, N.Y. — Inside a Victorian house flecked with chipping white paint, 65 group home residents must suddenly find a new place to live, an unintended consequence of a Federal Reserve policy meant to save an economy in crisis.
The group home —refuge for people with mental illness, disabilities and substance dependence — is closing after its owners agreed to sell the property this spring. Now, Mary Chisholm, who runs the home, is struggling to relocate the most vulnerable. It’s particularly challenging because the area is unexpectedly experiencing the second-fastest growth in housing prices in the nation....
RSK: Yes the housing market is in turmoil but really just comes down to supply and demand especially with low-interest rates.
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- - Volume: 9 - WEEK: 25 Date: 6/15/2021 9:01:20 AM -