It’s A Housing Market Rebound!

It’s A Housing Market Rebound!

By mike flugennockSunday - August 3rd, 2008Categories: EconomyTags:, ,

Some weeks back, I was checking out this article on Associated Press about skyrocketing home foreclosure rates in Los Angeles and the equally skyrocketing number of people forced to live in their cars…

housingmarketrebound650w

I couldn’t help wondering what the cops and city councils in L.A. and other cities plan on doing when the number of foreclosed and unemployed living in their cars starts to equal the number of people who still have houses or apartments. Will the pissed-off suburbanoids who still have their houses still complain when they start seeing ex-neighbors or ex-coworkers among the homeless “trash” living in their cars?

Medium-res jpg image, 1.1mb


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