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  • When Rates Go Up, So Does Your Stress Level

    [caption id="attachment_2964" align="alignleft" width="273" caption="Foreclosures = Bad Heath"]Health and Foreclosures [/caption]


    When people think of foreclosures, a high blood pressure is probably not the first thing to cross your mind. Foreclosures can be stressful enough, but how much of an impact does it have on your health? Brad Tuttle of Time discusses more. Be sure to comment on the article as well on The Reilly Properties & Contracting Facebook page.

    Losing your home is a nightmare—enough to make you sick to your stomach, and then some. Just how stressful is it to go through a foreclosure? A new study indicates that a rise in foreclosures correlates to an increase in serious hypertension problems, ER visits, and suicide attempts.

    The study, titled “Is the Foreclosure Crisis Making Us Sick?” and written by a pair of economists for the National Bureau of Economic Research, shows that for every increase of 100 foreclosures in a zip code, there’s a corresponding rise in health issues for people in the normally healthy age group of 20 to 49: an 8.1% increase in diabetes, 7.2% more ER visits and hospitalizations for hypertension, and 12% more visits to doctors related to anxiety. A rise in foreclosures was also associated with a 39% increase in trips to the hospital related to suicide attempts.

    Precise cause and effect is always hard to nail down, notes a Wall Street Journal story about the newly published research paper. The health problems may be caused by all sorts of financial and personal issues—credit card debt, unemployment, marital and familial distress related to all of the above—rather than foreclosures specifically. Areas where foreclosure rates have spiked are also likely to have residents who don’t have jobs or health insurance.

    Read more at Time
    Filed under: Selling Your House
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