-By Warner Todd Huston
As the housing bubble began to burst the lower middle class and poor areas of Cook County were immediately hit with mounting foreclosures. But now the upper middle class is seeing a higher rate. This only stands to logic.
As the Obama depression widens, as home prices stay in a slump, and as more and more people lose their jobs it makes sense that the upper middle classes are beginning only now to lose their homes at a higher rate than before. After all, these people have been likely living off savings they had that the lower classes and poor didn’t have to tide them over. But now those savings are being depleted. That and the job losses are reaching up into their income brackets and status.
What all this shows is that the Obama economy is still in horrid shape and getting worse.
The Daily Herald has all the stats in its recent, disheartening article from August 15.
And if you are one of those home owners facing foreclosure or financial troubles, there is a Cook County program that might help.
The program, which got $3.5 million from the county board, is open to county residents who have received a foreclosure summons from the Cook County Court and live in a single-family home, single-family condo or apartment building with four or fewer units. There are no income restrictions.
Those who are eligible can call (877) 895-2444 or use the new web features on cookcountyforeclosurehelp.org to set up an appointment with a housing counselor.
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“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
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