Comments about ‘The new face of poverty: As recession lingers, poverty migrates to the suburbs’

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Published: Saturday, Nov. 12 2011 3:53 p.m. MST

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Doctor
Tucson, AZ

Greedy homeowners who bought more house than they could afford. The only excuse is ignorance and stupidity. People blame banks like MLM victims blame the fraudsters for offering them 50% returns.

A1994
Centerville, UT

@Doctor

Geez! Way to kick 'em when their down! A little harsh, don't you think? Yeah, in the last 15 years, people have taken EVERYTHING to the extreme. People wanted things that they couldn't afford and made commitments they couldn't keep. They have to take responsibility.

I think this is a good opportunity for America to downsize and get in better financial shape. We don't need to settle for mediocrity or a lower standard of living. But we do need to tighten up on the financial reigns.

My prediction is that there will be fewer Christmas present this year and maybe even fewer lights on the houses. I don't think it's a bad thing either. Isn't that how it used to be anyway? Simplified life IS the good life. I'd rather have a modest home, a modest car, a modest Christmas, with the occasional vacation and have peace of mind. That's where we need to go back to. There is no shame in cutting back and setting your house (even if it turns out to be an apartment for awhile) in order.

Melanna
Salt Lake City, Utah

@doctor
You know it was just those greedy homeowners that should have known that Georgie boy was going to trash or economy and that banks where going to bounce leading to the further destruction of the economy and the jobs these homeowners relied on to pay for those homes where going away. Greedy homeowners wanting a normal life.

Doctor
Tucson, AZ

I didn't kick them when they were down. I called it like I see it. They way over extended themselves and knew it when they did it.

TRUTH
Salt Lake City, UT

Bush hasn't been POTUS for three years.....

Obama has driven this car in the ditch...all by himself

Time for libs to move to the back of the bus!!

A1994
Centerville, UT

@Melanna

Recessions happen. Barack just helped to make it worse. Seriously, TRUTH has a point. Bush hasn't been in office for three years. If Obama's economic policies were sound, things would be in a lot better shape. If you gave Obama another 4 years, unemployment wouldn't go down one bit. His economic policy wouldn't allow for it. He needs to be gone now and we need to get someone who knows what they're doing.

Melanna
Salt Lake City, Utah

@A1994

"Recessions happen." agreed they do happen and they are out of the control of these homeowners so why blame the home owners that bought their homes in good faith thinking the economy would sustain itself and they would be able to pay for their homes?

under bush and the GOP the economy slowly at first then faster and faster got worse and worse. Under Obama the economy has slowly gotten better (slower then any of us would like perhaps but improving none the less). I think I would rather stay on the path of a slow recovery then a return to the failed GOP polices of the past but thanks.

A1994
Centerville, UT

@Melanna

See, that's the problem with the left. You guys consider THIS improvement. Unemployment under Bush averaged 5.5%. That is why he got elected twice. Yes, it went up toward the end of his presidency...as we entered a recession. Nobody is buying the line that Obama just hasn't had enough time. He is the most unqualified president we've ever had. Period.

As for the homeowners who got into the sub-prime loans and even those who just over-extended themselves, they knew how much money they were making. Yes, the mortgage companies bear some responsibility for offering those loans. But ultimately, YOU know what you make and how much you can spend. You can't go out and buy a new BMW that you can't afford just because the salesman at the lot said you could get financing.

I don't enjoy seeing people struggle and lose their homes. Nobody does. But there are consequences when you spend more than you make. That will never change.

MyChildrensKeeper
Taylorsville, UT

I'm getting tired of people blaming individuals for being forced in to loans they didn't want. During the money boil many home buyers were given bait and switch loans. Almost all home loans during this period was limited to what ever banks and mortgage companies forced on the home buyer. Banks didn't want the equity loans which turned out to be their downfall.

It's still not safe or wise to buy a home and you have to expect losing it if you do buy one. The economy is still in a recession, housing is no longer an american dream, it's become an american nightmare and its like buying a car, the first year is a $40,000 loss with depreciating value every year.

Poverty in the suburbs has been creeping in for over 35 years, when we went on the debt based economy of credit cards.

Speaking of poverty and education, what does Obama have to say about that? An isolated incident where 56% of theses isolated incidents are proof that education does not earn you and extra 500,000 in 40 years of work. Education and wealth are not synonymous.

common sense in Idaho
Pocatello, id

You folks here are unbelievable. Everybody who's hurting bought a million dollar home while working at wal-mart. Then they lost their minimum wage job through their own stupidity.

Really.

Some people are unemployed because they got laid off through no fault of their own while renting an apartment. And guess what they are having a hard time finding work.

So how about a little Christian compassion here. Let's take what we have and share it with those less fortunate than ourselves.

Want a great Christmas?? Take what you would spend on gifts and give the money to the charity of your choice. Then you would truly know what Christmas is all about.

Screwdriver
Casa Grande, AZ

Hey Doctor, how much house can someone afford with $0 after being laid off?

Many have sinned in not seeing the future. For shame. Good job kicking people when they are down and overcharging them when they are sick. I bet you won't see them at all now that they're broke.

one old man
Ogden, UT

Doctor, could it be that just maybe they didn't overextend themselves given their circumstances at the moment?

Could it be that if Wall Street and Corrupt Politicians had not destroyed their jobs everything would have been just fine?

Or could it be that the lack of affordable medical care ruined them?

I sincerely hope you're not a medical doctor. If you are, then I'm thankful I'm not one of your patients.

one old man
Ogden, UT

Truth, if you want to see the TRUTH, please Google up "Policy Differences Under Two Presidents."

And A1994, would it be fair to say that you're just full of beans?

Please stop listening to Fox News. Maybe try (GASP) the PBS Newshour every evening.

hapticz
New York, NY

LOL, this not news. poverty has been in the 'burbs' since they existed, only hidden and carefully obscured by the greedy promoters of media and 'wonderful living'. even as we paint the world with beautiful pictures to avoid the unfeeling and caustic truths, the base issues remain, those of callous disregard for people with less need for power, money and control. those are the ones who live with true dignity.

where does any reputable news outlet come off with this nonsense? living with heads buried under the sands of time?

NeilT
Clearfield, UT

I went back and re-read the article. There was no mention of how much they paid for their home or that they were overextended. A lot of assuming here. I purchased my home in Clinton for $165,000. It appraised for $180,000. I didn't consider that foolish. Now I upside down to some degree. I suppose that is my fault. I should have known better.

ulvegaard
Medical Lake, Washington

I might even suggest it began before Bush even --- when politicians and elected officials stopped being public servants and started becoming career politicians. Republican, Democrat --- it pretty much boils down to the same thing. Granted, there are still a few honest public servants, but more and more, the policies are aimed at self preservation (their self preservation), notice how many bills don't get passed before recess EXCEPT the lets raise our salary bill.

Originally, the founding fathers instituted compensation for elected officials to sustain them while doing their public duty, until they could return to their farm and businesses. Not so any more and I realize times have changed, but the principals are the same -- and everyone who can has followed suit. If it makes me rich, I'm all for it. Who cares about the general populous - let them eat cake.

Engineering Econ
Loudon, TN

I believe there are financially responsible, hard-working individuals who have lost their jobs. Many have a solid resume but the work isn't always there. I wish them the best in finding work. It's a good wake up call for all of us to be wise with our financial resources.

I believe one cause for our current economic environment is that our economy grew too fast because a large portion of product demand was created through credit. When too many people are accruing debt to purchase things, it becomes unsustainable. Businesses that expanded to meet the demand soon find the demand decreasing as people aren't able to continue borrowing money at the same pace.

Another cause is due to a globalized economy. When there are people in extreme poverty in other countries that are willing to build widgets for $0.50/hour, how can a U.S. company expect to compete? The positive is that some of these extremely poor people are improving their standard of living, but a negative consequence is that American workers become too expensive. Many of us look for the best deal in a purchase decision. Sometimes foreign labor is behind these good deals.

Engineering Econ
Loudon, TN

Yet how can we have it both ways? Low cost products with highly compensated U.S. workers building those products...It doesn't work that way. When we purchase a good or service, we are transferring financial power to those behind our purchase.

If we expect to be compensated more than others, then we need to produce more than others. If my 10 year old neighbor will mow my lawn for $5, am I wrong for employing him instead of the local lawn mowing company for $20? If I choose the neighbor kid then I have $15 more a week to purchase something else for my family. All of these people that say buy American have great intentions, and I try to do that when it makes sense. Yet if I can get the same quality product for half the cost, it is hard for me to choose the more expensive product. Doing so would lower my own standard of living because I will have less $ for other things. It's truly about comparative advantages and a portion of U.S. comparative advantages are hurt by government policies. However, a large part of the problem is essentially out of government control.

SSOLDMAN
MONROE, UT

We are all one hospital stay away from poverty! I don't care who you are, very few people in America can afford a lingering illness, it will devistate you all financially. Lets say one serious illness one week in the hospital, $80,000, even with Medicare and a plan B insurance the out of pocket is $8,000. Social Security is $700 a month. My reality.
Your child gets sick,good health insurance pays 80%, $100,000 in cancer treatment. $20,000 out of pocket. Where will you come up with that on regular wages? You can't morgage your house, you have no equity, you can't take from your savings it is gone with the economy. You are beholding to the hospital for the rest of your life. Your reality.
Economic realities. Insurance companies making billions on our fears and illness, and we don't make THEM accountable. Instead our president wants socialized medicine?
You all scream about the price of gas, and of interest, and homes; how about the price of insurance, for individuals, hospitals, our government, etc... think about it?

marxist
Salt Lake City, UT

Re: Doctor - Poeple didn't buy "more house than they could afford," but rather they thought housing was a fool-proof investment, and were told such by the "experts." Well, we know better now.

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