Millions of Foreclosures

I’ve been fearing an economic collapse for a while. I just saw a story today that said that we can anticipate 1.5 million foreclosures this year. Those foreclosures will flood the market with cheap houses, driving down prices, causing more to be upside down in their houses and thus more foreclosures.

Ug.

So what happened? My politics drive me to want to blame predatory lenders. But I’m afraid they can only be blamed for giving us enough rope to hang ourselves. I’m afraid the fact is we have too much stuff. We need to consume less, and we are about to have it thrust upon us.

9 thoughts on “Millions of Foreclosures”

  1. Have you read “Collapse”? It is on my list of things to read this year. Author is Jared Diamond, who also wrote the brilliant “Guns, Germs and Steel”. In fact, this has just motivated me to go get myself a library card since I seem to have a rare free moment.

  2. I together with my pals came examining the great information from your web blog and then all of the sudden got a terrible suspicion I had not thanked the site owner for those secrets. My young boys were definitely as a result happy to read through all of them and already have in fact been enjoying these things. We appreciate you indeed being well considerate and then for choosing some tremendous ideas most people are really eager to discover. My personal sincere apologies for not expressing gratitude to you sooner.

  3. Thank you so much for providing individuals with remarkably pleasant opportunity to read articles and blog posts from this website. It’s always very amazing plus packed with a great time for me and my office peers to search your website at least three times in 7 days to learn the latest things you have. And indeed, I’m just actually fascinated with the staggering information you serve. Certain 3 tips in this article are without a doubt the finest we have ever had.

  4. I needed to compose you one tiny remark so as to give thanks again regarding the wonderful advice you have featured at this time. It has been simply unbelievably generous of people like you to convey openly all a number of us would’ve offered for an electronic book to end up making some money for themselves, chiefly seeing that you could have done it if you ever decided. The tricks additionally worked as the great way to know that the rest have the same dreams really like mine to figure out a good deal more pertaining to this matter. I believe there are many more enjoyable periods in the future for those who examine your blog.

  5. Thank you a lot for providing individuals with an extraordinarily brilliant chance to read critical reviews from here. It can be very pleasing and packed with a great time for me and my office acquaintances to visit the blog at least 3 times per week to find out the newest stuff you will have. And lastly, I am usually happy with the exceptional principles you give. Some two tips on this page are in fact the very best I’ve had.

  6. I intended to put you this little remark to give many thanks once again considering the beautiful solutions you’ve documented on this site. This has been really wonderfully generous of you to deliver freely what exactly a number of us would have distributed as an electronic book to make some profit for themselves, particularly now that you could have done it in case you considered necessary. These principles also served to become great way to comprehend some people have a similar fervor similar to my own to see great deal more with regard to this issue. I’m certain there are many more pleasurable occasions up front for many who looked at your blog post.

  7. I enjoy you because of your whole labor on this site. My mother really likes getting into investigations and it’s easy to see why. My partner and i notice all concerning the lively medium you render helpful steps through your web blog and increase response from others about this area plus our favorite princess is undoubtedly starting to learn a whole lot. Have fun with the remaining portion of the year. You have been carrying out a powerful job.

Leave a Reply