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Tent City

March 21, 2008

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 reports on an extreme consequence of the downturn, but one that some observers fear could grow.

These are the people who have lost their homes or have become homeless for various reasons and had nowhere to go. They tried asking for help from their city, state and federal government agencies to no avail. They sleep outside in sleeping bags or in tents if they are lucky enough to have them. Some are lucky enough to have a job and contribute to the well being of their family, with some going as far as providing food for other families as well. Everyone in Tent City tries to help each other as much as possible.

Why is it that our elected officials can afford to bail out the banks and investment firms, who still have billions of dollars, but can’t find any funding to help these people and the thousands more who have lost it all, get back on their feet? I am not trying to make any political statement, but I am wondering what the rest of the world thinks of us Americans when they see news stories such as this one by the BBC:If you have questions about this topic or any other real estate topic, send your question to: info@NewHomeExecutives.com

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