Thread: Tent cities spring up in LA

YouTube - Tent cities spring up in LA

So the economy is looking up?

For those of us who prefer text to video.

Wow.

But one man, who did not give his name, said he and his family were living in Tent City because they were victims of America's foreclosure crisis. It came down to "feeding my family or keeping the house", he said, "so I got rid of the house".
It's hard for me to see it, when someone else owns it and I am homeless with nothing


Foreclosure victim



The property he lost is nearby in Ontario, which, in places, offers a middle-class suburban dream - green lawns, wide pavements, garages big enough for two cars.
Yet it is in an area known as the Inland Empire, where the rate of foreclosure is the third highest in the entire US.

No longer able to afford his mortgage payments, this man saw his lender repossess the property, and now someone else lives there.
"It's hard for me to see it, when someone else owns it and I am homeless with nothing," he said.

boo-hoo-hoo.

So what's he doing with the money he no longer has to pay into his mortgage?

Did that dipshit ever discover the concept of "renting" apartments?

He's in that tent city because he chose to be, if he's really there at all.

What a peice of tripe that whole story is.

Some stupid city councillors in Ontario let their bums set up tents in an out of the way place, and naturally other bums hear about it and join 'em. That puts a lot of pressure on the local pan-handling/beer can recycling economy, but its easier for them to score Ripple and meth.

Did the twits at the BBC think "if you build it they will come" only applied to baseball fields in Iowa cornlands?

Originally Posted by Robodoon

YouTube - Tent cities spring up in LA

So the economy is looking up?

Sounds like a made up story to me. Like FFA said, he must have some jingle in his pocket now that he isn't paying a mortgage.
LA, & a lot of Ca is broke because the illegals are draining them of resources for their legal citizens.

That is strange although I wouldnt be surprised if it happens in the next couple of years.

I did see a story about a dude make that one person in CO on CNN that thought he could burn down his house and pay it off and keep the rest of the insurance money instead of letting it become foreclosed.

I thought that was a little desparate but then again this is not the first time people have tried to escape foreclosure.

How could people have been meeting a mortgage for years but not
be able to pay rent on a modest apartment?

the only thing I can think of is that the foreclosure has ruined their credit to the point that even a apt complex doesnt want them but that would only be in extreme cases.

Perhaps some of them used up any savings, maxed out their cards,
and sold all their good stuff trying to keep their house after the
rates changed.
In that scenario these bad loan practices have ruined them as
throughly as it did Bear Stearns.

No kidding, what right does someone have to whine because they over extended themselves? Since when is lack for planning on your part and economic disaster on my part?

Originally Posted by bla bla

Perhaps some of them used up any savings, maxed out their cards,
and sold all their good stuff trying to keep their house after the
rates changed.
In that scenario these bad loan practices have ruined them as
throughly as it did Bear Stearns.

but if someone really did all you just said, just to keep their house, they aren't smart enough to be homeowners in the first place. i mean, if you had to sell all your furniture just to keep your house, that wouldn't raise any red flags for anybody?