the human side of the economic crisis

[_rck_]

The new numbers for August are in and we are looking at 304,000 homes in "some state of default" and 91,000 families losing their homes. And this is all, as I just said, during the month of August

Comments

empathy indeed

[_rck_]

Yeah, I wish it wasn't that anecdotal either. The 91K families number is just as weasly, if you think about it--and the connection to the moving pictures is suppositional at best.

I am indeed not sure about the public policy implications, and I do like all of your suggestions and comments regarding those.

The picture may also be colored for me by the fact that the move into a smaller apartment was a big deal for the children and for _MWife_. There are many things the kids liked, but there are things that are clearly more difficult now. We still haven't unpacked all of the toys, because it is not clear where to put them, to name just one example.

Now, we did this as a conscious decision, and _MWife_ sold the children on it by taking them to the pool and getting them all excited about the switch that way. But you know as well as anyone that children are not stupid and they know exactly which things bother their parents and which do not.

People notoriously overestimate their financial position; more people consider themselves middle class than the US has! Having your house foreclosed rams it down your throat that maybe you no longer are.