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To: Santa Fe_Conservative

This article is rather deceitful. (But it’s Reuters, so you don’t expect much.)

In Loudon County the vast majority of homes going into foreclosure are those that were overcrowded dorm homes for illegal aliens. Period.

What you are seeing is a common deception increasingly being used by the MSM and the Chamber of Commerce and the Wall Street Journal as a way of deflecting attention away from the crux of he mortgage problem, subprime loans in vast numbers to the millions of illegal aliens (30-40 million is the real count) whose invasion over a few years made a lucrative demand for housing.

The McMansion foreclosures are insignificant and are in the same proportion of defaults or sluggish sales of these expensive homes as in past recessions. Many of these homes, contrary to the tone of this article, are NOT into foreclosure - they are homes that were too expensive and never sold as rich or proto-rich customers faded away with the slowing economy.


19 posted on 04/06/2008 7:30:44 PM PDT by oldbill
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To: oldbill

I agree with you. It reminds me of what the MSM did with the AIDS “epidemic.” They refused to focus on the lifestyle pursued by the majority of those who got the virus, instead trumping up the relatively few cases where the individual was infected some other way.


29 posted on 04/06/2008 8:07:30 PM PDT by fightinJAG (RUSH: McCain was in the Hanoi Hilton longer than we've been in Iraq, and never gave up.)
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To: oldbill
What you are seeing is a common deception increasingly being used by the MSM and the Chamber of Commerce and the Wall Street Journal as a way of deflecting attention away from the crux of he mortgage problem, subprime loans in vast numbers to the millions of illegal aliens (30-40 million is the real count) whose invasion over a few years made a lucrative demand for housing. The McMansion foreclosures are insignificant ...

You're right - and what's "odd" here is that it's liberals who hate the middle class - and a lot of the middle class lives in McMansions...

33 posted on 04/06/2008 8:34:53 PM PDT by GOPJ (The new Wall Street game: Privatize profits and socialize losses.Freeper Mad_Tom_Rackham)
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To: oldbill
Absolutely right about the immigrants.

Seems like everytime there's an in-depth story in the news, it's some poor immigrant whose bad English prevented them from reading the fine print in the mortgage.
36 posted on 04/06/2008 8:51:28 PM PDT by atomicweeder
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