Froma Harrop, a syndicated columnist based at the Providence Journal newspaper, came up with a unique take on the increasing number of mortgage foreclosures – the high percentage of Latinos who are losing their homes.
Her commentary cites a Pew Hispanic Center study that notes one in 10 Latino homeowners have missed a mortgage payment, while 53 percent of foreign-born Latinos feared they would lose their home. It is written better than I (http://www.lcsun-news.com/ci_11776525?source=most_emailed) can summarize it, so you ought to give it a read.
I’M JUST WAITING to hear the nativist nitwits who will claim that this is just more evidence of the “criminal” nature of these Latinos being in the United States to begin with – they’re buying homes they can’t afford.
There’s just one point I always feel compelled to make whenever I hear anyone bring up that point when arguing against any kind of government aid to get us through the current economic troubles – a lot of people make these purchases when they’re employed and can afford these things.
As one who once bought a nice car while working, then struggled to make payments when I was laid off, I doubt there are many people who seriously sign up to finance a house if they don’t think there’s a good chance they can make the payments.
I suppose it’s their fault they lost their job, or whatever their source of income was.
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