There are people who truly want to make their mortgage payment and who got a "legitimate" home loan. And not one of those variable mortgages that basically let anyone with a heartbeat get a house they knew they could not afford. Especially when that big payment was due 5 or 6 years later.

The people who ended up with a loan they couldn't pay for and the banks who made these loans along with the feds are the problem. A lot of people today live way beyond their means, credit cards, 2 or more car payments a refinanced house etc. When we applied for our home loan the mortgage people were surprised at our debt to income ratio, it was almost nil. Which made us qualify for a 5% APR interest rate 30 yr. fixed rate.

A lot of this homeless problems is drug and alcohol related. Homelessness is defined as not having a permanent residence, living in a hotel or motel, in a travel trailer or living on someone couch as well as living in a tent or car.

I'm sorry but that is B.S that a lot of the homeless is due to drugs or alcohol.

Frankly if people had to deal with the problems of being homeless they are very strong indeed if they don't turn to alcohol or drugs to keep them from spiraling down into a big depression.

People who are loosing their houses now, aren't just the people who got a home loan that couldn't pay for it.

And btw, there are many special needs parents who have refinanced their home and gone into debt to cover their kids treatments. They are just one disaster away from this as well.

Right now, so many are suffering. Yep, there are lots of diffrent reasons, but its bad for them just the same.
When I lost my good job, I was LUCKY here to get a part time minimum wage job. BF says he wishes I had regular hours, ect. I said, yah, that will ever happen. You just have to take what you can get, if you can get anything.

True, good luck on the regular hours for the BF.

Thanks, Chasing Hawk! Actually HE is the one with great hours, he wishes I had "normal" hours. Some days I work mornings, others afternoon, Sundays its nights....and never the same week to week, so it is hard to get a second part time job.

Good luck, I hope you find a better job with less heckish hours.

I think it's time to stop pointing the finger of blame - either at the banks, the feds, or drug addicts for why people are without homes - and just DO something about the homeless!
We can make quilts, can't we? That's what we do here after all! We can make something to comfort someone who does not have a place to live, no matter what the reason for their homelessness.

Sometimes a medical emergency and the horrendous expenses involved in a long illness put a family in bankruptcy and homelessness. Lets hope the medical health care will maybe keep this from happening in the future.

We are having a rough time. We had a business last year, and my husband was making good money. We have a home, 2 vehicles we pay on, 2 we own, and a moderate amount of credit card debt. We don't owe a lot or own a lot. We live a middle class life. We lost our business last September, so it's been a year. My husband was able to collect unemployment for a few weeks, and then finally took a job doing night stocking at the WalMart Supercenter. Imagine going from $30 an hour to 9.35 an hour. It's really hard. I work, but my paychecks go to pay for health insurance, car insurance, life insurance, taxes, truck payment, part of the mortgage. His has to go to paying off debts of the business. We pray and trust the Lord that no financial crisis hits us, like broken vehicles or other major issues. So far nothing like that has happened, but some nights I lie awake wondering how long we can keep going. We have no savings left. Anyway....there are lots of people worse off than us, but I know the feeling of never would of thought it would happen to us!

I see the tide turning here in michigan..Fords is hiring again, and doing great. a new parts supplier has opened a new factory in detroit..another movie company is looking in the city of warren to build a studio. I wish my DD would come back to michigan..