US mortgage crisis creates ghost town (near Cleveland, Ohio)

http://www.breitbart.com/article.php?id=080127183107.ahcwfxrz&show_article=1&image=large ^

[Doc91678]

So where is Kucinich in all this. He created the problems when he was Mayor.
And, he wants to be president?

[CSM]

“Today’s public school geography student need not fear such judgment. If a student believes Cleveland is in Illinois, who are we to judge?”

So to say.

[bvw]

Weirder still. The age of the no-account.

[Right Wing Assault]

Well, it seems as if the frenchy reporter had his head up his butt when he wrote the story:

http://blog.cleveland.com/plaindealer/2008/01/french_reporters_faux_pas.html

[Forgiven_Sinner]

“OK, who has the B.S. meter gif?

I had to take out a 2 million dollar loan on my truck for this, so I hope it’s worth it...”

Siphon out the gas in the tank and you can pay it off.

;)

[boxerblues]

New York-based reporter mistakes Cleveland for Shaker Heights in subprime story

he he busted again

[Las Vegas Dave]

< snip > Luc Olinga, a French reporter based in New York who wrote the story for AFP, somehow got his geography mixed up.

Mr. Frenchy Frenchmen..!

[meyer]

Shaker Heights has been decaying slowly for the last 3 decades. It was once a very wealthy suburb of Cleveland, with large, stone-faced houses and lots, plenty of small lakes, and access to the Cleveland Rapid Transit system.

Unfortunately, it's lost its lustre as those with the means have moved on to lower-taxed, less-liberal surroundings in the outlying suburbs such as Pepper Pike & Beachwood.

[meyer]

"All you needed was a pulse to buy a house. Some loans were written with no money down, no proof of buyer's incomes. They did not even check what people were saying. Most of those folks were jobless," he said in an interview.

Were lenders really that stupid, or is someone telling a stretcher here in order to gain sympathy.

[Dilbert San Diego]

Yep next we’ll hear how Detroit was destroyed by the mortgage crisis, which somehow must be the fault of Bush.

Yep, just a small amount of critical thinking pokes holes in this story. An entire town took out these predatory mortgages and then all were evicted? Yep, there’s got to be details missing. Leave it to the news media to spin this the way they want to.

[meyer]

Sounds like she fell for a line by a real scum bag.

Sounds like she didn't read the federally-required "truth in lending" disclosure prior to signing it.

[meyer]

Well, it seems as if the frenchy reporter had his head up his butt when he wrote the story...

Well I'll be doggone. The actual street address is 9422 Union Avenue, in Cleveland's Mt. Pleasant neighborhood. The Mt. Pleasant neighborhood is anything but pleasant, and hasn't been for years. 25 years ago, I walked the neighborhoods on the east side of Cleveland and it's suburbs (including Shaker Heights BTW) as a meter reader for the electric company. This was a rough area then, as was about 1/3 of Shaker. I don't expect that it's gotten any better.

So while the writer is full of baloney, he's not wrong about the trend in some areas of Shaker.

[Right Wing Assault]

Did you see this Shaker beating story?

http://www.cleveland.com/news/plaindealer/index.ssf?/base/cuyahoga/1199352730197300.xml&coll=2

[kinoxi]

Or hoard the gas for a month or two while the prices go up and take a nice little vacation afterwards. Genius. ;)

[onesix18]

This article is hilarious. Oops, looks like the reporter mixed up cities! Shaker is alive and well. My wife and I live there with our two young children on a street, in a neighborhood, that could only be described as “near perfect”. The “stone-faced mansions” are still there, and occupied. It continues to be a neighborhood of choice not only for wealthy households and young families, but also for affluent and progressive younger professionals moving to the Cleveland metro from other cities.