The article excerpt that follows appears courtesy of Yahoo! News -- a tremendous resource for gathering news about celebrity excesses, superficial things, pop culture and other things which I try not to take all too seriously. Knowing that so many of my fellow Americans are homeless, and realizing that the Great American Dream of home ownership is fast fading into history, I truly took offense Ms. Nordegren's incredible display of bad taste, huge waste, and utter callousness to those realities which face so many other Americans who have lost their homes, or who are squatting in vacant dwellings, constantly wary of eviction. Take a look at the article, and then hit the "BACK" button on your browser. I'll wait for you.
Elin Nordegren levels a home that she bought shortly after her divorce from the golf star. See 'before,' 'after' shots
By my estimates, based upon the deflated home values across most of the United States (let's assume that you can purchase a home for, say $150,000.00, all in cash, without an unobtainable mortgage), based upon families with an average of 5 members, I arrived at the following rudimentary conclusions concerning the bulldozed $12.0 million:
1) 80 homes could have been provided for eighty needful families;
2) Housing could have been provided for 400 persons.
Now: If banks were actually making mortgage loans to people of "average" credit at, say, a ratio of 80% of the purchase cost of these homes, the following conclusions would apply... (are you sitting down?)...
1) 400 homes could have been provided for four hundred needful families;
2) Housing could have been provided for 2,000 persons.
In all candor, some people just set terrible examples at the worst possible times. I would have been ashamed -- but then, I understand the notion of shame and have felt it before. Too often.
Douglas E Castle