Who can ever forget the famous line from Soylent Green, "It’s PEOPLE!  They’re eating PEOPLE!"  The slumping housing market has been in the news all over the place.  Builders are slowing down in pulling construction permits, several major lending companies have laid off tens of thousands of people, and even in my own hometown, home sales are down 25% from this time last year.

All of this really is big news, but the thing that you don’t hear mentioned much in all these reports are the PEOPLE who are losing their homes.  Aunt B. linked to a statistic that Bridgett first pointed out and the comments began rolling in.  My favorite editor Newscoma commented also that it’s so easy to forget that each of these foreclosures that add up to become national news are already old, devastating news in the lives of individual homeowners. One of my most recent clients had to go through a short-sale because of a major medical issue.  His wife was a secretary, he is disabled.  They couldn’t hold it together.  Newscoma points out that even the cost of a gallon of milk (geez – let’s look at gasoline too!) adds up to where there is not money left.  The same issue is being discussed at Music City Bloggers.

Are we going to start seeing more of these homes in our communities?  And if so, what will become of the people who lived there?