[HamiltonJay]

So let me get this straight, someone who moves back into their parents home is HOMELESS? Odd....

And as to being a paycheck away from foreclosure, what state are these people from? Last thing banks want in a downturn is more dead assets on their books, foreclosure is a 6+ month process easy in this part of the country, and that assumes the bank starts it after 1 missed payment.

There is no doubt that a down economy causes more homelessness and bankruptcies... but I think this article is a bit over the top in some of its assertions

[jjm2111]

"So let me get this straight, someone who moves back into their parents home is HOMELESS? Odd....

Leftists actually have a term for this: Hidden Homeless. (i.e. if you don't have a 4br 4,000 sq ft. TriBeCa loft, you're "homeless") I ain't living till I find the right place.