Core Viewpoint - The article highlights the alarming reality of homelessness in the U.S., particularly in California, where many individuals who once owned homes have found themselves living on the streets due to the burdens of property taxes and other financial pressures [3][9]. Group 1: Homelessness Statistics - Over 650,000 people are homeless in the U.S., with nearly 180,000 in California, accounting for about one-third of the national total [3][5]. - In Los Angeles, 23% of the homeless population lost stable housing within a year despite previously having stable jobs and homes [9]. Group 2: Property Tax Burden - Property taxes in the U.S. range from 1% to 1.5% annually, which can become a significant financial burden as property values increase [3][5]. - In 2023, the average home price in San Francisco was $1.44 million, leading to an annual property tax of approximately $18,000 at a 1.25% tax rate [5]. Group 3: Financial Pressures Beyond Property Taxes - Homeowners also face additional costs such as homeowners association fees, maintenance expenses, and high medical costs, with average annual medical spending exceeding $20,000 for American families [7]. - Rising mortgage interest rates, which reached over 7% for 30-year loans, further exacerbate financial strain on homeowners [7]. Group 4: Systemic Issues - The U.S. property tax system effectively transforms homeownership into a continuous financial obligation, where individuals must constantly pay to maintain their housing status [9][13]. - Many individuals, including those who once had stable lives, find themselves unable to cope with the cumulative financial pressures, leading to a cycle of debt and eventual homelessness [7][11].