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View Diary: OR-Sen: Jeff Merkley (D) Pushes For Mortgage Refinancing Bill (13 comments)

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  •  It's tough to see through the smoking ruins (3+ / 0-)
    Recommended by:
    TheOrchid, Odysseus, llbear

    left behind by the corruption, but there is a silver lining for you.

    It's highly likely your neighborhood will not melt down if your conditions are as you state. Your property values are pretty much stabilized. And your neighborhood still has a sense of cohesiveness with police and fire and operating businesses.

    There are other people who aren't so lucky. Their neighborhoods have slowly disintegrated before their eyes and they cannot get out. So, not only do they have an almost worthless property value that is still falling, they have to deal with the vacant homes, blight and criminality that is encroaching and consuming from all sides.

    Take a look at the homes in Detroit sometime. Drop dead gorgeous properties that someone maintained very nicely until just a few years ago. $1 here. $500 there. But, no police or fire protection anymore. A city of a million people that just up and died. WTF.

    The saddest part for me is to see the bedrooms in foreclosed homes. The kids' rooms are always the ones that hit me the hardest.

    There will be big winners and even bigger losers at the end of this shakedown. So, like many times in life, it may appear that the grass is greener on the other side, yet your own blessings are often disguised.

    Don't mean to be preachy there...


    One may live without bread, but not without roses.
    ~Jean Richepin
    Bread & Roses

    by bronte17 on Fri Feb 01, 2013 at 11:00:49 AM PST

    [ Parent ]

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