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Because the government encouraged people to buy houses they can't afford and when the bubble came crashing down the people "who could not afford in the first place" could not hold onto the homes. People should understand that there is always a rainy day and if they extend themselves too far to prepare they will lose it all.
And Obama's policies. He wants more people dependent on the government. Nice life huh?
This, the government wanted people to have homes that couldn't afford them is the BIGGEST bunch of RWNJ idiocy there is. It's a LIE LIE LIE!!!!!!!!!!!!!
The blame should rightly be layed on the financial institutions that had NO OBLIGATION whatsoever to grant these freakin mortgages. THEY created the bubble and almost destoryes the world's economy in the process.
They bundles up these loans and sold them as securities knowing FULL WELL the paper would become worthless. They even BET agains it while selling it.
It was THEY who created credit default swaps and all manner of LEGAL ponzi schemes and the very worst aspect about the whole schmozzle is they got away with it scott free and they control so many congressmen and senators that they will do the same thing again.
America is the richest country in the world and yet 1 in 45 children living in the states is homeless. The problem of homelessness impacts about 1.6 million children. Most of the children who are homeless are under the age of 7.
The problem of homelessness among children is getting worse instead of better. In 2010, the increase in the number of homeless children surpassed the record set in 2006, following the displacement of thousands of families as a result of natural disasters such as hurricanes Rita and Katrina. The current state of the economy has contributed to the problem immensely. Many states have cut money and allocations that go toward ending the problem of homelessness.
Is this what people accept now? In America.
The streets of Mexico (complete with banditos selling cheap jewelry) look better now than many areas of the US. And its getting worse.
Parts of S. Florida look like a war zone.
We are $17 TRILLION in debt!
That's like borrowing $1 million dollars and claiming to be a millionaire.
The blame should rightly be layed on the financial institutions that had NO OBLIGATION whatsoever to grant these freakin mortgages. THEY created the bubble and almost destoryes the world's economy in the process.
They bundles up these loans and sold them as securities knowing FULL WELL the paper would become worthless. They even BET agains it while selling it.
It was THEY who created credit default swaps and all manner of LEGAL ponzi schemes and the very worst aspect about the whole schmozzle is they got away with it scott free and they control so many congressmen and senators that they will do the same thing again.
If this were all true then why are the foreclosure rates in the areas with the biggest housing price bubbles the highest?
The bottom line is that a lot of consumers bought into the hype and when the bubble popped they just walked away from a 400k mortgage on a house now worth 200k.
There is plenty of blame to go around....people that didn't even know they had an ARM even....
Same story in England. No homeless families as such. They are put up in poor, inadequate, accommodation.
Most of the manufacturing jobs long gone. We're in the EU, people from anywhere in europe can come to live on my little island. Three quarters of a million Polish people came after they joined the EU.
Nothing against Poles. Hard working people willing to work for minimum wage. They don't complain and work hard. Employers like them. trouble is, them and other immigrants depress wages, many of our own people can't find work.... not enough jobs. Any improvement in the economy, more immigrants will come. Big business love it. They live in their nice mansions down south. They don't care about all the unemployed young people, our northern English towns festering with underlying racial conflict.
There will come a reckoning. People are fed up of the rich getting richer, and the rest struggling.
Accurate measurement of homeless isn't the same as increased homeless.
It's common sense that homelessness would follow the increased poverty levels. Over the past four years we added about 16 million people onto Food Stamps, and have a fifty to sixty year high in poverty.
WASHINGTON — The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.
Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.
The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.
Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth.
Same story in England. No homeless families as such. They are put up in poor, inadequate, accommodation.
Most of the manufacturing jobs long gone. We're in the EU, people from anywhere in europe can come to live on my little island. Three quarters of a million Polish people came after they joined the EU.
Nothing against Poles. Hard working people willing to work for minimum wage. They don't complain and work hard. Employers like them. trouble is, them and other immigrants depress wages, many of our own people can't find work.... not enough jobs. Any improvement in the economy, more immigrants will come. Big business love it. They live in their nice mansions down south. They don't care about all the unemployed young people, our northern English towns festering with underlying racial conflict.
There will come a reckoning. People are fed up of the rich getting richer, and the rest struggling.
Why is it that the liberal ( in the American use of the word) parties tend to support liberal (in the classical use of the word) immigration policies? Just for votes?
Same story in England. No homeless families as such. They are put up in poor, inadequate, accommodation.
Most of the manufacturing jobs long gone. We're in the EU, people from anywhere in europe can come to live on my little island. Three quarters of a million Polish people came after they joined the EU.
Nothing against Poles. Hard working people willing to work for minimum wage. They don't complain and work hard. Employers like them. trouble is, them and other immigrants depress wages, many of our own people can't find work.... not enough jobs. Any improvement in the economy, more immigrants will come. Big business love it. They live in their nice mansions down south. They don't care about all the unemployed young people, our northern English towns festering with underlying racial conflict.
There will come a reckoning. People are fed up of the rich getting richer, and the rest struggling.
Maybe the English should demand less pay so they can compete with Poles.
It's easier just to lay aronud and blame the "wealthy" and immigrants. Sounds like the whiney arse liberals in the U.S.
One reason(the main one really) there are more people in "Poverty" now is because the numbers were lowered and the availability of "foodstamps" was increased so more will be getting them.
For people that know NFL football here is a comparison, in the sixties and before a RB that had a 1,000 yard rushing season was super amazing, now a 1,000 yard season is basically meaningless considering there are twice as many games played a season.
Same story in England. No homeless families as such. They are put up in poor, inadequate, accommodation.
Most of the manufacturing jobs long gone. We're in the EU, people from anywhere in europe can come to live on my little island. Three quarters of a million Polish people came after they joined the EU.
Nothing against Poles. Hard working people willing to work for minimum wage. They don't complain and work hard. Employers like them. trouble is, them and other immigrants depress wages, many of our own people can't find work.... not enough jobs. Any improvement in the economy, more immigrants will come. Big business love it. They live in their nice mansions down south. They don't care about all the unemployed young people, our northern English towns festering with underlying racial conflict.
There will come a reckoning. People are fed up of the rich getting richer, and the rest struggling.
They are given a place to sleep at least, in U.K. ? At least thats something.
I tried to find info. on policies in US to "bring back manufacturing". The housing bubble was one thing but imo no politicians are talking about jobs for people.
They need to focus on actual people, and what is happening. I have never seen it this bad.
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