Uploaded by TheNewYorkTimes on Jul 6, 2009
At a Salt Lake City foreclosure auction, the story of one house and the family who built it.
Related Article: http://tinyurl.com/nytimes187
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i dont mind people losing a house they cant afford. But god damm i feel so bad about people like the Fruse family losing what THEY built with blood, sweet, and tears... This is what pisses me off about Washington, D.C.
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this guy that sells these homes should be put into a zoo and impress people by his rambling and intensive staring skills. holy hell
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A sad situation, but not one of the "subprime" stories. The daughter is the only smart one in the family. She'll never make the same mistakes her father made.
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It still and will continue to be that, it's just that the financial industry figured out how to turn that into a nightmare for now.
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Owning a home used to be the American dream, but now I think people are going to be looking to rent for many years to come until this credit situation straightens out.
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such a sad situation
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The bank could have continued to make a profit by allowing the orignal owners to remain in the property by working out a lease-purchase option at a more favorable rate, but they CHOSE to take the property back as it promised a higher return - but at what real cost?
The financial and mortgage crisis' continue to be in the control and hands of the banks and until they've decided that they've extracted every dime out of the American public, only then will it end.
wildpeachatl737 2 years ago 3
Every time I see things like this.. I want to punch Bush and Cheney in the face.
Smartassawhip 2 years ago 2