Comments on: As the bottom falls out of the economy, who do you think it crushes? https://gregladen.com/blog/2009/02/02/as-the-bottom-falls-out-of-the/ Tue, 03 Feb 2009 02:06:54 +0000 hourly 1 https://wordpress.org/?v=6.4.6 By: kasj https://gregladen.com/blog/2009/02/02/as-the-bottom-falls-out-of-the/#comment-530112 Tue, 03 Feb 2009 02:06:54 +0000 http://scienceblogs.com/gregladen/2009/02/02/as-the-bottom-falls-out-of-the/#comment-530112 It’s just so bizarre that the banks would act like that. Surely they are in business to make money, yes? But they lose a lot of money when they foreclose and auction….. maybe they needed the money fast, I guess.

The only long term solution will be to get the cost of housing down. There is no real reason anyone has to work full time for 9 years to get an insulated box. The average income to mortgage ratio is 9:1!

]]> By: Kate https://gregladen.com/blog/2009/02/02/as-the-bottom-falls-out-of-the/#comment-530111 Mon, 02 Feb 2009 23:14:31 +0000 http://scienceblogs.com/gregladen/2009/02/02/as-the-bottom-falls-out-of-the/#comment-530111 Here in New Mexico this week a man was killed in a shootout when he refused to evacuate his foreclosed home. He was a veteran. A woman presumed to be his girlfriend was wearing a bullet poof vest and lying on a shot gun in one of the inner rooms.

I’m sure you’ve also heard by now about the parents who shot their 5 children and committed suicide after losing their jobs on the same day.

As the economy gets worse, I fear more and more people are going to die, not just from starvation or exposure, but from anger and despair.

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