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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on May 29, 2009, 07:46:23 PM

Title: Foreclosures now affect almost 1 in 8 Americans
Post by: Bindare_Dundat on May 29, 2009, 07:46:23 PM
Associated Press

NEW YORK -- Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every 8 American homeowners.
It's an economic role-reversal: The economy, driven down by the collapse of the housing bubble, is causing the housing crisis to spread.

Figures released today show that nearly 12 percent of all Americans with a mortgage -- a record 5.4 million homeowners -- were at least one month late or in foreclosure at the end of last year.

Title: Re: Foreclosures now affect almost 1 in 8 Americans
Post by: SAMSON123 on May 29, 2009, 09:28:50 PM
I guess they are waiting until it is 1 in 1 homeowners who are in foreclosure before anyone (government) does anything
Title: Re: Foreclosures now affect almost 1 in 8 Americans
Post by: GigantorX on May 29, 2009, 09:43:46 PM
I guess they are waiting until it is 1 in 1 homeowners who are in foreclosure before anyone (government) does anything

I guess you haven't been paying attention lately....
Title: Re: Foreclosures now affect almost 1 in 8 Americans
Post by: Bindare_Dundat on May 29, 2009, 11:32:12 PM
Green shoots motherfvckers.
Title: Re: Foreclosures now affect almost 1 in 8 Americans
Post by: Deicide on May 30, 2009, 03:16:48 AM
Green shoots motherfvckers.

Nuke 'em! 8)
Title: Re: Foreclosures now affect almost 1 in 8 Americans
Post by: Slapper on May 30, 2009, 04:16:13 AM
Hey, it's OK to "stumble" upon 800+ billion dollars for Bigga Buzziness, but The American People? No siree! Pockets are empty.