Yes, things are worse than they have been. However there are 78 million
homeowners in the US. No matter how bad a 1 million foreclosures
sounds, it's only 1.5% of the whole. In some cases these are tragedies
in some cases just deserts.
Some places it's worse than others. Particularly so in the areas where
home prices were booming. California is especially hard hit. But then
California always seems to go to excess. Yes things are bad, but not
nearly as bad as some would have us believe.
I find it interesting that government is actually cutting programs in
California, most places in such straits they just raise taxes and drive
more businesses out.
[EMAIL PROTECTED] wrote:
In a message dated 11/30/2008 2:38:49 P.M. Pacific Standard Time,
[EMAIL PROTECTED] writes:
Is it really that bad in US? Or these paranoia series are just some
very well chosen photos to show problems there?
Merlin
PS: I have never been to US...
On Sun, Nov 30, 2008 at 1:52 AM, <[EMAIL PROTECTED]> wrote:
http://www.mapphotography.com/Paranoia/pages/signs1.htm
http://www.mapphotography.com/Paranoia/pages/signs2.htm
Comments welcome.
===========
Yes. Approximately 1 million foreclosed on. 27% of that approximately in
California. Supposedly 10,000 in my county alone. Latest figures I heard were 10
million unemployed (though it seems hard to believe and I can't swear to
that, but figure its several million). Arnold is balancing CA's budget by taking
away some benefits from disabled, taking away some teacher's pensions,
cutting pensions, closing schools, and removing renters' credit. So CA, in
particular, is hard hit.
OTOH, newspapers and news magazines, and even TV, I suppose, are not putting
faces to the figures (or store fronts to the figures). Not that I can see.
It's like everyone is pretending it isn't happening and that everything is
going along as normal. Which I find weird.
My paranoia series is about more than that. But some of it is just to
redress what I DON'T SEE (in media).
Later, Marnie
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