Tent cities have sprung up outside Los Angeles

wow. people just love to make the story any way they can...

1. they start off saying this is due to the mortgage crisis, then the main woman they interview is there because her husband was hospitalized, which has nothing to do with the mortgage crisis.

2. the second guy lost his home, but if he was working he could live somewhere, just not in that house.

3. The title is tent cities, I only see one. Nice misdirection.

The mortgage crisis is bad, yes. However this story and thread DO NOT hit the nail on the head at all, sorry.

reply to post by sy.gunson


The biggest problem with the ballot box in the US is it doesn't exist. The ballot box has become an electronic vote machine with security holes and no ability to perform a ballot recount if one were required. The other problem is people are uninformed about policy and the media only reports rhetoric designed to favor the candidates of their choice or more importantly the choice of the media barons who stand to lose the most if the government reallly was for and by the people.

I would also like to add how much homelessness sucks...

You do happen to have a job during the day and guess what? you miss out on a meal, if that job lasts too long into the night you miss out on another meal. If you live in a homeless shelter you get to go in at a certain time, but you are not able to leave again unless you want to be out all night.

This is to prevent you from going out all night and getting wasted then coming back to the shelter where you may become a problem. In the homeless shelter I stayed at I had to be brethalised each and every time I entered.

Tent cities arise because people want freedom and yet are homeless.

[edit on 3/16/2008 by whatukno]

I love how the BBC report is not telling the whole truth. Why did these people lose their homes? Because the bought homes they really could not afford. I can't feel bad for people who put themselves in this situation. The average American tends to live beyond their means already. These people just pushed further past the limits than most. They gambled and lost. I just hope they have learned from this. Read the contract BEFORE signing. If you don't understand the terms go to a lawyer who can spell it out for you.

I doubt very much that there wouldn't be any major news networks coveing this, as they would most likely blame it on the current administration, which they would just LOVE to do.

This, very simply, is the Law of Unintended Consequences taking hold. The law forcing banks to give out these loans was passed by the Democrat run congress back in 1979; another example of Marxism/Socialism failing, as it always does.
The government shouldn't be bailing out these people, or the banks, because you shouldn't reward ignorance.

By the way.... for one of the posters here; America is NOT a Democracy. Never has been, and hopefully never will be. No Democracy in history has lasted more than 200 years. However, as the left moves us towards Marxism and Socialism, this is what happens. As people realize that they can vote themselves money from the public coffers, this is what will happen. You think health care is expensive now? Just wait until it's "free".

Obama, if elected (he won't), will end this free republic and put us under the control of teh most corrupt organization in the world; The much vaunted U.N.

soon these people will become squatters. they will occupy empty and unoccupied houses.

The weight to sustain SUPER POWERDOM, is bursting the America's middle class and it's doomed economy at it's seams. This Con first, fix it later ideology of our goverment & financial institutions has our own citizens eating out the same bowl as their beloved pets.

I'm not surprised seeing people living in tents, we've been doing it for years -- we call them shanty towns, shacks & Trailer Parks.

My own mother always said --- "When white Amercia finally comes out of their protected bubble of patriotic ignorance, they will face a harsh realization, and that is.... They are and have been the real Slaves in this country. Worked and taxed to hell to support a goverment that has never given a damn about them." If you don't believe me, ask Alan Greenspan.

I say this not to incite, but to tell it like it has become... The days of walking around with fake, democratic blinders on is over my ATS friends!

The world sees us American's as childish morons who sell their own people out for a chance at the pervervial white picket fence. Why we refuse to see this, I don't understand - Maybe it's all those Cammo'd hunting outfits huh?

A Chinese running joke is... "Many, Many, Many, American company close down so not have pay employee benfit money, now they want us make everything for them... soon we manufacture America's Penises & Vagina's too... business will be very very good"

So don't complain people... This is our revamped American Dream!

Originally posted by zappafan1
This, very simply, is the Law of Unintended Consequences taking hold. The law forcing banks to give out these loans was passed by the Democrat run congress back in 1979; another example of Marxism/Socialism failing, as it always does.
The government shouldn't be bailing out these people, or the banks, because you shouldn't reward ignorance.

Which act is that? I can't seem to find it.

my thoughts are simple. I realize I am self employed and may be in a bit of a different situation; BUT why just walk away? There are reports of people living and paying nothing, banks can't prove that they own the original deed to the home, get out and hustle work, and an obvious one for me would be, why would the bank want to take a house that you signed on for at a quarter million dollars, turn around and TRY ( I say try, cause there aren't too many people buying new homes right now) to sell it for well under probably half of the cost when you would be willing to stay there and honor the original loan?

I know being in the business I actually know the cost involved of the final product to which you pay said quarter million dollars PLUS interest, AND that it's the tail end that you get to the principal anyway...they have already made some of their money....tell em to let you pay for your d@mn house and leave you be!!

I just don't see the point in just giving up, you know?

My present thoughts are that the American people are naturally very inventive and resourceful, and will surely weather the building financial storm that is currently hitting them. I suspect that the downsizing of the economy was needed anyway, as it was all built on usuary debt and totally unsustainable in the long term. The American forefathers were after all the men women and children that tamed the West and laid the foundations for the greatest country that the world has ever seen. Remember that these guys and their families built their basic log cabin homes and hunted for what they ate. They were self sufficient, drug free, and I suspect a lot leaner and healthier than their present descendants.

Yep, IMHO the Yanks will still be the dominant force on the planet for a long time to come, IF they can just get back to the basics values that made them GREAT

What they show is always daytime footage, I wonder what kinds of elements rule the night? It is a good idea no matter how secure one might think to own a good trailer and some sturdy tents for the future. I mean, you may even own your home scott free, but if the gov. decides to use its power to take it, you have no choice. Also if the bottom drops out of our economy, these situations will be become wide spead because who will have the money to pay their taxes? If you have no money, you will loose your home as well. Could be. Could be anyone.

Ok I am going to say it. Many of the interviews I saw from that link had some very low life type people in them, I have been around the block and have met alot of different types of people. I would not hang out with the majority from those interviews. I would bet that many of them would rather spend their money on drugs legal and not and alcohol rather than getting a real life. I could end up 'like' them true, yet you can bet your bottom dollar I would 'not' be living in a tent city, that would be hell to me, and I am certain that the low lives would be the oppressors. My comments could be ripped apart I know, but I just get a bad feeling about this, as if it is setting up the world to see this as a an acceptable outcome for those that are not proving to be good renters (which I would bet make up the majority of people in those interviews) and furthermore, why would they all have those 25 dollar tents from walmart if they were normal? Alot of them probably lived in boxes before this.

Folks visiting this thread should also visit this one. It has an excellent article which sums up the true aim of banks and the central banking systems that have infiltrated nearly all modern economies on Earth.

www.abovetopsecret.com...

John Carpenter predicted this
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[edit on 16-3-2008 by EarthOne]

This is the Law of Karma. Bush and his Neoconjobs illegally invaded Iraq with first bombing it to pieces, including the Civilian Population and then the occupation became a quagmire, little did Dubya realize that in that while, he was also being Occupied.

They still need to force more people onto the streets before the anger level really starts to boil over.

They are trying to force the american people to get angry enough to overthrow the government. The target date for the full scale american insurrection is still 4 years away. You still have time to prepare my friends, before the 3rd central bank of the united states is abolished.

This BBC story has the wrong premise, has nothing to do with the mortgage problem. If you cannot make the mortgage payement because payments jumped when adjusted, then you try and sell, and if cannot, then the lender resells the home to someone who can make the payments. Problem is that there are no buyers and since home prices dropped substantially, you may owe more than you can sell for. But you still have a job, so just go rent an appartment or get an RV and live in the RV park for $500 per month (So Cal has lots of these nice parks). I did this for 5 months.

The problem comes from people who lost their jobs, but jobs are still plentiful and the unemployment rates low here. Low skilled people will always have a problem. The illegal aliens make up most of the problem, many lost their jobs when construction came to a complete halt here. 47% of Los Angles residents were not born in the USA and $10,000,000 per year is spent on providing illegals government services yet the State wants to raise taxes. We need to cut taxes so citizens have more disposable income to survive.

My mortgage rate jumped from an above market rate of 6.25% overnight to excessive 10.25% which is a $2,200 per month INCREASE over the $3,000/mo I am already paying. Luckily, after complaining, my lender reversed themselves and reduced the rate back to 6.25% for another two years. This is the best solution all-around and should be implemented by all lenders which should solve much of this. It's better for the lender to keep getting 6% instead of nothing. If the economy gets worst, then this can still get out of control.

I've had 20 adjustable mortgages over the past 35 years and never had a problem until this last one which had terrible loan rules. The government needs to go back to disallowing prepayment penalties, not give loans to illegal aliens (many did not not make the first payment and hoped just to 'flip' the house since prices were increasing at 10-30% per year), limit stated-income loans, and increase California's Fanny Mae's loan limits to normal market levels ($450,000 suggested). In Los Angeles proper, a crappy 2-bedroom home in the gang areas was selling for $550,000 last year before the market slump. In nice areas, $700,000-$1,000,000 for a CONDO within 10 miles of the ocean. I had to move 60 miles from the ocean to get a decent home cost but have a 90 mile per day drive roundtrip to work.

Originally posted by chromatico
America headed to be a Third World country? BS!!!! Homelessness is rampant in ALL countries.

Hmm I guess you must have travelled everywhere but here.
You actually need to do quite some effort to get yourself into such a hopeless situation as homelesness where I live.

reply to post by David2012


Same here, but if you tell me they don't exist in your country I'm calling you a liar.