Home foreclosures are continuing at a brisk pace, according to an article by McClatchy News. Many of the first foreclosures that began three years ago, when the housing bubble began to burst, were for subprime mortgages. Now, however, a fresh batch of foreclosures is occurring because people have lost their jobs and can't pay them. I am now in that category. I didn't pay my July mortgage payment and probably will miss August as well. I haven't been answering the phone, which rings constantly from bill collectors.
Our savings kept us afloat for a year. When it was gone, I borrowed the equity out of my life insurance. That's gone too. We were hoping to ride out this recession, to survive until it was over. However, it is the longest lasting and deepest recession I have ever seen. And I remember when Eisenhower was president, to give you some perspective. (Okay, okay, I actually remember when Truman was president, but I was VERY young. Practically a fetus, mind you.)
It's just a matter of weeks before I lose my home. I never, ever thought I'd be in such a predicament. This happened to other people, sure, but not to me. I am a college graduate and a CPA. Accountants were supposed to be immune from unemployment. Not any more. The fact that I am well past 50 doesn't help. Seniors and new grads are the hardest hit.
I am not feeling sorry for myself. I am pissed, but have entered a phase of my life where nothing surprises me anymore. If one could get jaded to bad news, political malfeasance and power-grabbing, I am about there. No outrage now seems to surprise me. The neo-Marxists now running the country are capable of the most outrageous usurpations of the Constitution, which in effect, is no longer the law of the land. It is merely a quaint old parchment kept under glass in the museum of history, for people to gawk at. The economy is being destroyed by fools, mostly Democrat fools, but with the assistance of RINO Republicans who haven't the sense or the gonads to resist.
I have come to the conclusion that it is futile to look for a traditional job. Somehow I have to think differently, act differently. I have to have a plan, and I don't have one right now. This weekend I will try to think of workable scenarios: what to do and where to go, when.
Related video: Money Makes The World Go Round (from Cabaret)
It's Tuesday... (bonus feel good video)
3 hours ago