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The #1 cause of homelessness in SF, according to interviews of people without housing and the comprehensive point-in-time count out today, is job loss. It's bad the count went up during a boom, but don't fool yourselves into believing that it wouldn't get worse in a downturn.
.@BettyYeeforCA, the state controller, warned last month that in a recession, housing costs may continue to rise even with layoffs. At the same time, both state & local govts would have to make hard choices on cutting housing assistance vs. other programs. sco.ca.gov/2019_06summary… 
Last time, we had to close a $41 billion hole. Unlike a decade ago, the state has a rainy day fund now. But its revenue structure is still highly volatile and unpredictable. nytimes.com/2009/02/20/us/…
Guess what got cut and never returned to pre-recession levels? SSI/SSP or cash assistance to low-income seniors and Californians on disability, among other things. calbudgetcenter.org/blog/state-fun…
Also, how would a recession with You-Know-Who in charge of the U.S. economy be better than 2008?
