‘Evening News’: Foreclosures Causing Increased Homelessness

Posted on October 14, 2008
Filed Under Foreclosure Articles |

Read More Here:http://www.businessandmedia.org/articles/2008/20080424122544.aspx
The April 23 “CBS Evening News” blamed turmoil in the housing markets for another crisis: a rise in the homeless population.

“The Anticos are leaving their Bradenton, Fla., home because they have to,” CBS correspondent Kelly Cobiella said. “The bank foreclosed on it in February after Sharon lost her job and fell behind on the mortgage. For the first time in her life, she and her kids are homeless.”

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Comments

4 Responses to “‘Evening News’: Foreclosures Causing Increased Homelessness”

  1. MiniHippiy on October 14th, 2008 2:40 pm

    Be quiet stinkypoon …
    Be quiet stinkypoon. :(

  2. OghamTheBold on October 14th, 2008 2:40 pm

    A tiny dot of land …
    A tiny dot of land with four walls on it shouldn’t land you in a lifetime of debt slavery

  3. stinkypoon on October 14th, 2008 2:40 pm

    And by the way, the …
    And by the way, the folks being foreclosed upon are not homeless. They can go on and rent something just as nice for much less per month, and they are excused from hundreds of thousands of dollars in debt. Pretty good deal if you ask me.

  4. stinkypoon on October 14th, 2008 2:40 pm

    WTF? Is this a sob …
    WTF? Is this a sob story about somebody that took out a bad loan to finance a house they couldn’t afford, or somebody that lost their job?

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