Foreclosures – Many homeowners are facing a harsh reality

October 21, 2010
By

Not even the most liberal among us believe that those who cannot pay their mortgages should have the government make the payments for them or to defer the inevitable by putting off a foreclosure.

The real estate bust was caused by wild speculation and irresponsibility all around. All of us who own homes or property are paying the price.

Foreclosure is a harsh reality but a reality never the less.

Life on this earth is always about the survival of the fittest.

There is no way to alter the reality that when you are facing foreclosure, you are at the end of the line and frankly, there is no one to blame but yourself.

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    There are many to blame for the dramatic drop in home values in Revere, however. Several other communities like West Somerville and Jamaica Plain are similar distances from Boston, have public transit access, and have crime rates that are the same or even worse than Revere’s, but have actually seen their property values _increase_ in the past 5 years. What is the difference? I think it’s mainly that the people and politicians in those communities have a different attitude and have shown a willingness to try to move forward. In Revere, on the other hand, everyone seems to just sit around and complain about things and blame all of the problems on immigrants, “outsiders”, and (my favorite) “rats”. When people here decide to grow up and take some responsibility for and pride in their community, good things will happen.

  • Anonymous

    This is a very well thought out comment. Part of the problem is many are good at identifying problems, and few are good at doing anything about them.

  • Debbie

    Are you serious with this article?? In this awful economy with people loosing their jobs?? You should be ashamed of yourselves!! I am appalled you would even write something like this!

  • Glad she moved west

    It’s to bad, that this journalist came out of the womb rude.. But, did he say he was a liberal also?.. If so, that explains why he’s rude. It’s not always the fault of the homeowner facing foreclosure, shame on the journal’s staff(couldn’t even put his own name loser) for even thinking like that, also, If it would happen to one of his own, he would be singing a different tune.. Shame

  • Debbie

    You made very good points, “Glad she moved west”. As a liberal, no wonder he makes such comments as “All of us who own homes or property are paying the price”. Only worried about himself, no surprise!!! And no compassion for those less fortunate who 90% of the time face forclosure for a number of reasons, thru no fault of their own, i.e., job loss, health issues, greedy banks! Just remember…….karma is a b**ch!

  • http://profiles.yahoo.com/u/P7S27UVVZ467GZNV6ZSQACRFXA Dave

    I agree that the article is rather insensitive, and somewhat pointless (but no worse than what I’ve come to expect from the Revere Journal). It also seems to gloss over the fact that foreclosures don’t just hurt the person who is losing their home, but also have a negative impact on their neighbors and the community in general. The housing and foreclosure mess has affected communities like Revere far more than some of the tonier cities and towns in the Boston area, despite the fact that the environment here wasn’t nearly as “speculative”.

  • outraged in-law

    I think there are those few families out there who got hit by adjustable rates that lost control of their mortgages, which may need goverment assistance to help then get back on their feet.
    Then there are those dead beat’s who don’t tell their wife or children that they have deferred on paying the mortgage. 5 months…really! Now that mother and her two kids are all living in seperate homes, because the father/husband was a dead beat and had better things to do with his money – rather than provide for his two kids and wife. Nice Going! You know who you are!!

  • TonyB

    Apparently, the Revere Journal decided to dole out some tough love by smugly condemning people who are losing their homes in the midst of a mind-numbing recession that has distrupted and caused economic hardship for millions of Americans.

    Thanks for the “I told you so” attitude. What was the point of this untimely, cliche-ridden opinion, anyway? Sure, everybody has an opinion and newspapers are entitled to their views, but what was the point of it, anyway? It is not like this has not been said or written about since the nation’s economy caved in three years ago.

    The Journal’s editorial staff proved how “irresponsible” and cold they were when they wasted five minutes to contrive this piece of utter nonsense. Was it to point fingers at people who might be out on the streets and join the growing ranks of impoverished Americans?

    Are you people serious!

    There is no honor in kicking people when they are down and on the verge of losing their homes.

    How about trying to write about possible solutions to a way out of this mess instead of blaming the country’s downtrodden citizens.

    I guess it took a staff of fools to compose such garbage.

  • Debbie

    Well said, Tony B!

  • Stephen

    Mr or Mrs Journalist is obviously wet behind the ears, maybe his/her remote car starter didn’t work a one cold mourning.This is an insult to many,many good people,SHAME ON YOU !

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