Saturday, October 11, 2008

Foreclosure Alley Video - Powerful Stuff

As this financial chaos ensues the country I stumbled across this video. For people such as myself living in Texas, where foreclosures are up but property values aren't down 50%-70% (they never went up 30% a year either), this is a powerful video regarding what can happen when a home is foreclosed. Tragic stuff and it really helps to humanize the situation.

This is the take from a CA restaurant owner. He doesn't see this as a recession. He sees today's economy as a depression. Tough to argue that in states like FL and CA where the market went boom/bust.

Dan Ross

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