Re: Racists: An example of a real problem that America is facing!



LEROY KNEVIL wrote:
someone you know in your family has been in prison, on crack, victim of a drive by,in a gang or on welfare right? Au Revoir LEROY
dratster wrote:
Yet, you stumps are worried about a bunch of ignorant Blacks who are
killing each other....


Why are so many U.S. families losing their homes in the subprime
mortgage crisis?

http://news.yahoo.com/s/ap/20070325/ap_on_bi_ge/house_of_cards_6

THORNTON, Colo. - The lights are still on inside Foreclosure No.
A200642668 - so while there's time, have a look around.

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Here's the living room, still covered in the worn blue shag Angela
Sneary always intended to replace with the sheen of hardwood. And
downstairs, through a curtain of plastic beads, is the basement where
husband Tim was going to knock out a wall and put in a foosball table.

Step this way and the Snearys point out the places where they never
could find the cash to hang a ceiling fan, install a hot tub, replace
the siding ... a long list of abandoned ambitions that seem almost too
big to squeeze into the modest four-bedroom tri-level.

Owning a home is all about finding humor in unfinished projects. But
in the house set back from a bend at 11030 Eudora Circle, the Snearys
never had the luxury.

They ran out of money first. Then, they ran out of time. Soon, they'll
almost certainly be out of a home.

Buying a home is the American dream and a record number of Americans -
nearly 70 percent - are living it.

Many families, though, likely never would have become owners if not
for the tremendous growth over the past decade of a new kind of
mortgage business called subprime lending. It long seemed like a
winning proposition for all parties. Now the costs are becoming
apparent - and they are very unsettling.

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Relevant Pages

  • Re: Racists: An example of a real problem that America is facing!
    ... Here's the living room, still covered in the worn blue shag Angela ... Step this way and the Snearys point out the places where they never ... Buying a home is the American dream and a record number of Americans - ...
    (soc.culture.african.american)
  • Racists: An example of a real problem that America is facing!
    ... Why are so many U.S. families losing their homes in the subprime ... Here's the living room, still covered in the worn blue shag Angela ... Step this way and the Snearys point out the places where they never ... Buying a home is the American dream and a record number of Americans - ...
    (soc.culture.african.american)