Hear how activist groups in the San Gabriel Valley and across Los Angeles are fighting back, battling attempts to throw people out of their homes and collaborating to find housing for former homeowners and others who can no longer find a decent—and afforable—place to rent.
The KPFK Community Advisory Board will be sponsoring a post-election public forum to assess “The Current Political Balance and Strategies for Progressive Political Action”. Join us for discussion, and some debate, about what progressive forces need to focus on in this period. Tuesday, Dec. 14th 7:00 pm
So far, here in the U.S., over 4 million homes have been foreclosed on since mid-2006. Because consumer spending drops drastically whenever housing values decline, the entire U.S. economy has been in a tail-spin throughout this period. Over 10 million jobs have been totally eliminated due to a dramatic drop in consumer sales and the resultant decline in production.
By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market, however, is another matter. To get a better grasp of the mortgage mess I called [...]