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Undermining home ownership imperative

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  • Tue, Jul 14, 2009 - 03:01am

    #1

    investorzzo

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    Undermining home ownership imperative

Some Americans are swapping homes for motels as the ranks of the homeless swell during the recession, crowding out shelters and forcing cities and states across the country to find new types of housing.

In Massachusetts, a record number of families are being put up in motels due to high unemployment and the rising number of homes going into foreclosure, costing taxpayers $2 million per month but providing a lifeline for desperate families.

"I feel like this has saved my life," said Tarya Seagraves-Quee, a 37-year-old former nurse.

http://seekingalpha.com/article/148440-undermining-home-ownership-imperative

Also of interest: Wells Fargo Sues itself?

Getting to the Bottom of Why a Bank would Sue Itself

  • Tue, Jul 14, 2009 - 08:12pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Undermining home ownership imperative

 Hi Investorzzo,

I’d like to repeat a question I asked yesterday on another thread.  What is it going to be like when the numbers of unemployed and the number who have reached "exhaustion" of unemployment benefits, along with the subsequent number of foreclosures that result from all this, begin to really think about their situation……and what action will they take as a result?

I think it promises to become a very "unpleasant" situation (to say the least) for our country.

Is it irrational to think that we cannot put enough solutions into place, fast enough, to keep this from happening?

  • Tue, Jul 14, 2009 - 10:22pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Undermining home ownership imperative

[quote=Ben A]

 Hi Investorzzo,

I’d like to repeat a question I asked yesterday on another thread.  What is it going to be like when the numbers of unemployed and the number who have reached "exhaustion" of unemployment benefits, along with the subsequent number of foreclosures that result from all this, begin to really think about their situation……and what action will they take as a result?

I think it promises to become a very "unpleasant" situation (to say the least) for our country.

Is it irrational to think that we cannot put enough solutions into place, fast enough, to keep this from happening?

[/quote]

Washington will simply extend unemployment benefits for another 6-12 months (shucks, make indefinitely!).  I think they know that doing otherwise would ramp up crime and bring out the torches and pitchforks.  Of course, we all know that the torches and pitchforks will eventually come out anyway when the rest of the world shuts down our money printing press–  THEN TSHTF just like it will in California soon if the FEDs don’t bail them out!

  • Tue, Jul 14, 2009 - 10:45pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Undermining home ownership imperative

[quote=Ben A]

 Hi Investorzzo,

I’d like to repeat a question I asked yesterday on another thread.  What is it going to be like when the numbers of unemployed and the number who have reached "exhaustion" of unemployment benefits, along with the subsequent number of foreclosures that result from all this, begin to really think about their situation……and what action will they take as a result?

I think it promises to become a very "unpleasant" situation (to say the least) for our country.

Is it irrational to think that we cannot put enough solutions into place, fast enough, to keep this from happening?

[/quote]

Ben, I believe they call them Fema camps! Or is that concentration camps?

  • Wed, Jul 15, 2009 - 11:44pm

    #5
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Undermining home ownership imperative

 Yep.  That’s what I understand that they call the camps…..Fema Camps.  Then why are they so secretive about them?

Investorzzo: a  technical question:  I am operating on Mac, with Safari.  How do you copy and paste a quote from an earlier email into the one you’re writing.  I can’t seem to get mine to do it.  Thanks.

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