85,000 U.S. Foreclosures in October

The GOP legacy continues. By the time Bush leaves office the US housing market will almost surely exceed 1,000,000 foreclosed homes. It's hard to imagine why Americans said "enough" of the policies and attitudes that created this disaster.

As government and industry scrambled to stem the housing crisis, another 84,868 homes were lost to foreclosure in October, according to a report released Thursday.

Last month 279,561 struggling borrowers received foreclosure filings, including default notices, notices of auction sales and bank repossessions, according to RealtyTrac, an online marketplace for foreclosures. That's a 5% increase from September, and up 25% from October 2007.

"October marks the 34th consecutive month where U.S. foreclosure activity has increased compared to the prior year," said James J. Saccacio, chief executive officer of RealtyTrac in a statement.

A total of 936,439 homes have been lost to foreclosure since the housing crisis hit in August, 2007.

(This was in AMERICAblog.com)

BUDDHA/ How much more will it take before we become serious about rebuilding our economy and our society? There are so many things we can do that will simultaneously reduce our environmental impact and personal expenses while fostering a greater sense of community with our fellow citizens.

We need to become informed and then demand changes in our zoning and planning regulations (and remember to vote with your dollars) to encourage more intelligent resource usage and community development. I am an advocate of civil disobedience regarding stupid laws which keep us from living sustainably and force people to work like dogs to meet their basic survival needs (especially senior-citizens and children). With a shift toward some of the already tested and proven ideas about intentional community and mass transit serving clustered developments we could enjoy a much higher standard of living, coupled with the benefits inherent in reduced fixed expenses and time demands. The range of options and their potential impact is truly astounding!(check out The Geography of Nowhere/ Home From Nowhere/ Your Money Or Your Life/ Communities Directory/ many of the books on voluntary simplicity/ and most of the links on this blog)

I am very interested in reader's thoughts and experiences around this topic. Please feel free to comment if moved to do so.