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MoneyTalks - > Money Talks -> Desperate burn down homes
Desperate burn down homes

Today a colleague pointed out a CNN story about people so desperate, feeling trapped by overwhelming mortgage payments and facing foreclosure, that they burn their own homes.

I was so shocked that I tracked down the report.

Watch it here.

CNN reported this alarming statistic: Last year 14 homes — in California alone — went up in flames, torched by their owners. And that was double the previous year, the CNN reporter found.  

— Christine Peterson

Posted in these Groups:
Topics: foreclosures, mortgages, homeowners, fire
posted by MoneyTalks on Friday, March 14, 2008 at 03:29 PM
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5 comments from 3 users

1

posted by OldBlue56 on Mar 14, 2008 at 04:47 PM

 And your point is?

posted by Maggiepoo on Mar 15, 2008 at 02:19 AM

This says it all, the dam has broken, 

http://finance.google.com/f... 

posted by Maggiepoo on Mar 15, 2008 at 02:29 AM

 Are you shocked at the burning or shocked at the lack of a honest media ? Didn`t you see it coming ? Do you do any real research?.

posted by Maggiepoo on Mar 15, 2008 at 03:02 AM

You ain`t seen nothing yet

 http://articles.moneycentra...

posted by anglo1 on Mar 15, 2008 at 12:13 PM

 I haven't looked at your links but I seen it happen too often in good times.  I would bet that 14 is an outrageously low number.  Hard to prove when a wild land fire moves into a neighborhood and dozens of homes go down.

1

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