Sunday, September 6, 2009

Distressed Properties Continue to as a sign of a Distressed Economy

The Sunday Indianapolis Star front page report on foreclosed homes points to the extent of recovery needed in the market and the economy. If something is not done to stop the downward spiral affecting sound neighborhoods,where solid citizens have worked tirelessly to maintain their homes, mortgages, and piece of the American Dream, our social structure will continue to unravel. Where have the owners of all these foreclosed homes gone? Have they gone back to live with parents or extended families? Have they gone to live on the streets? And what about their kids?
How about we ask some of the major congregations of all faiths to absorb some of this real estate?
The government can buy some of these as well. Housing developments do not have to become "housing projects". These can become section VIII homes with proper management; and by this I mean management of the entire familial structure because that is what is needed.
The foreclosed home pandemic is not only an economic problem, it is a sociological and spiritual one as well.