People are fighting back, refusing to leave homes that have been foreclosed.
Kansas is broke.
California is broke.
I mentioned Kansas being broke to Mr. Barefoot last night. He just couldn't believe that something like that could happen. After all, these are the folks we pay to make sure that the money we pay in taxes (and fines, etc) go where they need to go. How could they run out of money?! Huh. Same way you and I do, folks. Just on a much larger scale.
I watched CNBCs "House of Cards" for the second time last night. It was fascinating, and I finally feel that I understand how the whole housing bubble came to be and collapsed. I just couldn't figure it out before. I guess I am lucky that I was raised in a very conservative lifestyle. I was wishing and hoping for a house during the time when the ARM loans came out. I suppose I could have been approved for one, since I had a pulse (according to one of the lenders on the show). But I never considered it. I couldn't bring myself to believe that I would be able to afford a higher house payment when the interest rate adjusted. I couldn't guarantee that I would be able to refinance the loan before it got too expensive. So I didn't get one.
I did panic, and feel hopeless, when I saw the skyrocketing prices for homes. I remember looking at homes that were major fixer-uppers, seeing the prices, and thinking that there was no way I would be able to afford a decent home for my family. But I never believed that the house prices would continue to rise the way they were. Even in my lack of knowledge about how the economy and housing market work, I knew that the house prices would have to at least stop growing (if not fall significantly) at some point, and my hope was that, eventually, my wage would catch up.
Now I am so grateful that I didn't fall into that housing trap. I still worry that house prices will continue to fall, and that we will be burned with our recent purchase of Barefoot Manor. I still worry that, with the nasty economy right now, something will happen to either Mr. Barefoot's or my income. But I think we will be okay. I just worry because that is what I do best.
I am on a cleaning kick again here at Barefoot Manor. I wanna declutter and get things all organised and tidy. The mess has finally driven me nuts to the point that I am gonna do something about it.
It is so funny that I go through these cycles of not having the energy to keep up with things and then being able to stay up for days to clean and organise. I keep hoping that one of these times the cleaning kick will stick, and I will have the neat and tidy house of my dreams with a place for everything and everything in it's place.
Well, I am off to switch laundry and other joyous household tasks.....