Vive Le Canada

While you were sleeping...
Date: Saturday, March 24 2007
Topic:


US mortgage crisis forces homeowners to take refuge in their cars

SUE ZEIDLER IN LOS ANGELES

THEY are victims of the United States' growing mortgage crisis - low-paid workers whose homes have been repossessed amid rising interest rates, a stagnant property market and a lax lending regime.

But in Los Angeles, where having a car is as essential as owning a home, many are sleeping in their vehicles to ensure a roof over their head.


http://news.scotsman.com/international.cfm?id=457122007&format=print

http://news.scotsman.co...



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