20,000 per week loosing their homes.

[lonestarnot]

Where are they going? I thought truckers were blocking freeway bridges?

[tekisui]

1. Tent cities?

Renting, I guess.

[SpiralHawk]

2. "So? I still have my luxurious Imperial Pig Farm Upon Crawford." - Commander AWOL

"So what's the problem? I've got mine. The rest of your little people can just withdraw a couple of hundred K from your Swiss Bank Accounts. That's what we republicon homelander cronies do. Pull yourselves up by your own sneaker laces. Smirk."

- Commander AWOL

[leftofcool]

3. I keep hearing about a large number of home losses

but so far, there are only one or two tent cities and they are small in comparison. I also fail to see why anyone would rent when rent is usually higher than house payments, although not always.

[lonestarnot]

6. So this still leaves me wondering where they are going?

:shrug:

[AP]

11. I know someone who moved into a motel.

[lonestarnot]

13. How the hell can they afford that?

[AP]

14. Her mortgage was probably 4-6K a month, and the motel is about $150 a week.

[InkAddict]

16. Ever hear of the "credit crunch," earnest money, down-payments?

and a credit score ravaged by unemployment...We saved for a rainy day--it went POOF after going to Plans B, C, D, and E; sorry, my crystal ball just wasn't working...just never expected 20 years of monsoon.

You may say that lightening doesn't strike twice in the same place--I say it can do so without limit when your breadwinner is in IT...mergers, acquisitions, relocations, re-organizations, outsourcing/insourcing, lady boss changed her mind...no healthcare, no Family Leave, no pensions or 401 eligibility, not even time-off for immediate family burials.

I suppose you'd rather that when Gramps wouldn't answer his door, I would have just walked away and "forgot" to let anyone know that his electrolytes were in the danger zone? My spouse was out of work for two years during Gramps final illness. What kind of job has the flexibility to allow "only children" to visit doctors with a deaf cancerous septic cardio-compromised, not in need of skilled nursing dialysis patient 3-5 days per week?

Indians type your medical records now for the most part? I hope they don't get yours wrong.

They're going on YOUR tab; more every day!

You're on the wrong board!

[madokie]

4. as this continues my modest home will only increase in value

plus the cost of new materials are dropping making for maybe a good opportunity for us to sell and to build new.

[lonestarnot]

5. Oh I see, so this is a good thing? Madokie, you surprise me.

:yoiks:

[BlooInBloo]

7. Woot! I got mine!

[madokie]

9. and thats bad, huh

I have nothing that I got on the backs of someone else. I could have done the same as a lot of others did but I took a gamble on things happening as they seem to be. And if my gamble pays off I will be one happy camper for having the forsight to see it coming. There was nothing I could do to stop these foreclosures then or now

[madokie]

8. I'd love to build us a new house designed for our old asses

and this might be good for that, only, not that I think its a good thing that the housing market is tanking, I don't but I did see it coming. I, or we placed the concrete for many many new big assed homes over the last 20 years that are the homes that are being foreclosed on today. A lot of the people knew the chances they were taking when they took out the loans that they couldn't possibly afford in the long run. not me though I stayed modest and now maybe I have a chance turn a 40 thousand investment into a new home more suitable to my wife and I, paid for. thats all. sorry about the susprise I'll try to do better next time;-)

[lonestarnot]

10. You are forgiven.

:)

[madokie]

12. Peace

[leftofthedial]

15. maybe you could get one of those cool subprime ARMs

and build a real whopper of a mansion!

:thumbsup:

[dysfunctional press]

24. don't bet on it...even the modest houses will be losing some value, depending on the location.

and some building supplies are plentiful and cheap- others not so much.

but finding a builder who'll work for a reasonable rate won't be a problem at all.

[guitar man]

17. I'm seeing people

moving into the RV park where I keep my "working residence" away from home, and it's off season. I have talked to a couple of families who have indeed lost their homes and fortunately had a modest travel trailer or RV that was paid for.

A friend of mine who lives in a trailer park across town says the place is filling up with RVs and travel trailers too, similar stories from some of the folks there.God knows where the people not fortunate enough to have such accomodations are going....this is getting bad :(

[taught_me_patience]

18. Rent like many of us

is that so horrible :shrug:

[Lars39]

19. Harder to rent in some places when they check your credit rating.

Also hard to scrape up money for deposits on short notice if you were throwing everything you had into trying to save your house.

[lonestarnot]

20. Deposits and costs associated with moving?

:shrug:

[Stuart G]

21. 20,000 times 50 weeks this year. = 1,000,000....oh boy..

We as a nation are..as they say..."FUCKED"
...:mad: :mad: :mad:

[lonestarnot]

22. 50 weeks? aren't there 52 of those suckers in a year?

140,000

[dysfunctional press]

23. not every forclosure represents a lost home...

a lot of the houses/condos have always been empty- built/bought by speculators for a flip that flopped.