from the MSM.... too bad folks cant see thru them.. way too many folks think its a conspriacy against these poor folks who bit off more than they can chew.. I am all for giving someone a shot even if they arent the best risk... but dont blame the mortgage company when folks cant pay.. never the borrowers fault. they should feel like crap when they lose thier house but they can watch the MSM say its not thier fault just those money hungry lenders..

honesty is the best policy... unless your running for office.

I checked with some of the net appraisal sites when the Paw family came up at the beginning of the Norman Hsu issue.

That place they lived in which was basically almost like a single wide mobile home was tipping the scales at near 700k fair market value.

Somebody has totally speculated those prices to the point where they make no sense.

That is the reason wages are so much higher than the rest of the country to compensate.

I finally talked an old buddy of mine into selling the 2 bedroom San Diego cracker box he had which he dumped before the peak for a bit over a million and a quarter.

He moved here and is working in another shipyard now has a 200k house that move him from 1100 sq ft to 1950 sq ft on a 1/4 acre of property and he banked the balance.

Plus he is a whole lot more satisfied with the cost of living here and no state income tax.

Exactly, they need to MOVE!  One of the major characteristics of being American is mobility.  The same goes for those people NOLA who are protesting for public housing.  If you can't afford the rent, you move, you get a better job or you double up with someone else. If there are insufficient jobs in an area, you move to an area where there are jobs. This is precisely why government housing is bad, it encourages the concentration of the poor into a single place, which puts them into competition with each other for limited low skilled jobs.   As we have seen with most lib/Dem inspired vote buying scams, government housing essentially creates a captive base of voting constituents.  It has nothing to do with the best interest of the poor.  Just look at NOLA, you have your example of what not to do in terms of social policy. We also need to address the issue of those 200 in the tent city, why are they not working?  Whose fault is that?  If the MSM was so concerned about them, then why aren't they complaining about CA being a sanctuary state for illegal immigration?  The fact is if those illegals weren't taking the low skilled jobs, the tent city people would have jobs and could afford rent.  In fact, if there were a low skilled worker shortage, wages would rise for that group.  So the fault starts with the CA state and local officials who shafted their own constituents twice over, once for the poor who are forced to compete with the illegals and the other for the rest who have to pay the high taxes to offset the costs of the illegals. Finally, there is the issue of a group in this country that chooses not to work because they know some misguided person is more than willing to pay them to be unemployed.  Why work when someone or government will support you in any event???? I've met people like this, I've talked with them, they come out an say they are free spirits and working takes away that freedom, they don't want to be part of our society, they want to do their own thing without being responsible for their own welfare.  Obviously, there is a difference between someone who has bad luck and find themselves on the street versus those who are chronically lazy.

Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity. dscott's corollary: The line between malice and stupidity is called depraved indifference.

  Yep, Woody wrote a good one for this thread. 

I Ain't Got No Home

I ain't got no home, I'm just a-roamin' 'round,
Just a wandrin' worker, I go from town to town.
And the police make it hard wherever I may go
And I ain't got no home in this world anymore.

My brothers and my sisters are stranded on this road,
A hot and dusty road that a million feet have trod;
Rich man took my home and drove me from my door
And I ain't got no home in this world anymore.

Was a-farmin' on the shares, and always I was poor;
My crops I lay into the banker's store.
My wife took down and died upon the cabin floor,
And I ain't got no home in this world anymore.

I mined in your mines and I gathered in your corn
I been working, mister, since the day I was born
Now I worry all the time like I never did before
'Cause I ain't got no home in this world anymore

Now as I look around, it's mighty plain to see
This world is such a great and a funny place to be;
Oh, the gamblin' man is rich an' the workin' man is poor,
And I ain't got no home in this world anymore.