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'Home or Food': Welcome to Tent City USA

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Orwellian_Ghost Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 04:42 PM
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'Home or Food': Welcome to Tent City USA
Tent city highlights US homes crisis

The meltdown in the US mortgage market has led to record foreclosures and forced thousands from their homes. In few places is it worse than southern California, where the BBC's Rajesh Mirchandani reports on an extreme consequence of the downturn, but one that some observers fear could grow.

The population of Tent City has grown rapidly in less than a year.

...

'Home or food'

But one man, who did not give his name, said he and his family were living in Tent City because they were victims of America's foreclosure crisis. It came down to "feeding my family or keeping the house", he said, "so I got rid of the house".

The property he lost is nearby in Ontario, which, in places, offers a middle-class suburban dream - green lawns, wide pavements, garages big enough for two cars.

...

http://news.bbc.co.uk/2/hi/americas/7297093.stm
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 04:46 PM
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1. And this is sadly only the tip of the iceberg
Edited on Fri Mar-14-08 04:48 PM by truedelphi
When the banks behind a thirteen trilion dollar economy possess only 283 billion, not even enough to catch up with the last margin call of 335 billion, you know that more Sh-e-et will be hitting the fan soon.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 04:56 PM
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2. I dearly hope everybody starts calling them "Bushvilles"
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sueh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 05:06 PM
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3. You beat me to the post....
saw this on BBC News last night. Our MSM won't show this. It's heartbreaking. :cry:
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 06:35 PM
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4. Dad told me 8 years ago we'd be seeing Hoovervilles. He was right. nt
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