jesswzmn asked:


or for those who were not victims of outright mortgage fraud?

How do they explain the record mortgage foreclosures and still rising for those people? and how do they explain that certain regions or certain major cities of the USA have way more foreclosures than others?

For those for whom my question is not clear enough, I am referring to people who got regular A paper non subprime mortgages who did not lie or pad their assets and played by the rules and got regular fixed rate mortgages etc.. who are still losing their homes in record numbers.

asked:


I was just wondering how many people on here, or people that you know are going through mortgage troubles, or foreclosures, it’s happening to us and I wanted to see how widespread this damn thing is.

Sports Maven asked:


We are seeing the subprime shake out, and if we are in a cyclical cycle, businesses have to close behind.

VVV asked:


Is it purely incompetence and warmongering by Bush and his coven?

longhaired freaky person asked:


I really feel for people who were taken in by the homeownership sales pitch. Who wouldn’t want to own their own home and feel sure it was going to appreciate.

But the reality is, for the majority of working class Americans, they always be renters, and they need rent control to keep their housing costs in line.