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View Diary: Extended unemployment compensation kept millions of Americans from losing homes to foreclosure (27 comments)

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  •  If the Great Lakes Midwest Is Any Indicator, (14+ / 0-)

    the foreclosure crisis remains many times, maybe an order of magnitude, greater than the public consciousness imagines.

    Here in very middle middle income suburbs spread across one of the larger population regions of the country, in towns with neat appearances and no abandoned neighborhoods to catch the eye as in some minority-dominant cities that were attacked so visciously by fraudsters before the crash, you can drive miles and miles without ever going a block without passing a neat but empty house either unmarked, or with a small sheriff's sticker on a side door, or a for-rent sign out front.

    I don't think anybody knows how much property is presently in limbo.

    Evidently there's a lot of Chinese investment money building square miles of unoccupied business and housing towers and plazas around Vancouver Canada, real estate gambling basically for lack of productive use since the developed world masses have so little spending growth potential compared to the oceans of investment money concentrated in the hands of the global rich and their enterprises.

    All in all there's something going on around here that just don't add up.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Tue Aug 05, 2014 at 10:46:39 AM PDT

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