The story of how she ended up in a tent is the story of how America ended up in a foreclosure crisis that has not ended, that still drags down the economy and threatens to force millions of families from their homes. Already, banks have foreclosed on more than 4 million homes since the crisis began in 2007. With almost 6 million loans still in danger of foreclosure, 2012 could very well be the worst year yet. Ramos' story is remarkable not because it's unique but because it isn't. Her story doesn't fit any of the conventional narratives. Ramos is not a helpless victim. She made mistakes. Bu[…]
Estimated reading time: 1 h 15 min
Jonas Terrific longread on the American housing crisis (found via Felix Salmon blogs.reuters.com/felix-salmon/2012/04/11/charts-of-the-day-house-price-edition/)