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BBC NEWS | Americas | Tent city highlights US homes crisis

RTFA: http://news.bbc.co.uk/2/hi/americas/7297093.stm

The meltdown in the US mortgage market has led to record foreclosures and forced thousands from their homes. In few places is it worse than southern California, where the BBC’s Rajesh Mirchandani reports on an extreme consequence of the downturn, but one that some observers fear could grow.

The population of Tent City has grown rapidly in less than a year

Forty miles east of Los Angeles, on a patch of waste ground, is the place they call Tent City.

WTF.

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This entry was posted by farkinga at 2008/03/19/1139 and is filed under hooverville, depression, crisis, financial, bush, wtf. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “BBC NEWS | Americas | Tent city highlights US homes crisis”

  1. fumf Says:
    March 20th, 2008 at 1556

    Thank goodness the British report news on the U.S., I haven’t heard this in any American news.

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