Housing Bubble Suicides
From the Sacramento Bee:
For [Sacramento County Sheriff's Deputy Mark] Habecker, the weekday patrols through Natomas, Rio Linda, Del Paso Heights and North Highlands have been a front-row seat to the personal dramas behind the numbers.
Twice this year, he says, homeowners about to be evicted have committed suicide as he approached to do a lockout.
In another case, he said a fellow Sacramento deputy found a note in the home that told him where to find the foreclosed homeowner's body.
Habecker declined to say more. The cases received no publicity when they happened.
3 comments:
It is so sad to hear about people losing all perspective. It's only money.
That's sad. There are much worse things than "losing" a home that you didn't really own anyways.
Its a tragic state of affairs indeed.
I certainly hope lawmakers act to prevent the market from getting this bad in the future (curb the lending abuses, bogus appraisals, improve disclosure, change commission structure etc).
But from what I have seen, the Mortgage Bankers, Homebuilders and others in the RE profession, have been contributing record amounts to lawmakers (it was a front page WSJ article earlier in the week).
A tragic state of affairs indeed.
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