My heart truly bleeds for people who
....truly believed and hoped they can achieve the American dream of home ownership
....reached out for the brass ring
....saved and saved and saved to put a decent down payment on a home
....loved living in a home they call their own
....paid their taxes.
....kept up with their monthly payments
....supported the local economy by buying goods and services relating to maintenance and enhancement of their home and lifestyle
....when the economy started going south, did what they could to stay afloat as long as they could keep their home.
And when the job market dealt them a powerful blow, they lost their jobs. And in spite of their efforts to be responsible homeowners and still feed their families, they lost their homes.
How could I not grieve with them?
Not all people who are losing their homes are greedy flippers, unwise buyers, poor speculators. or gamers. Those who were responsible homeowners and members of the community deserve our sympathy, not our scorn.
How many of us have not gone through life's upheavals? Ever been laid off from a job? Ever lose an important client? Ever gotten seriously ill where you can't work?
In Time Magazine's issue last week, there's a story on House of Cards: The Faces Behind Foreclosures.
Come on people...have a heart!
Local market update: As I wrote this, there are 131 homes actively offered for sale in my island city of Alameda, CA. Of these, 22 are short sales, and 7 are bank-owned. All in all, 29 homes or 22% of total. And more are coming up.
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