Hey kids, want to read something scary? Just head on over to the New York Times for some good old fashioned scary news, coming at you straight from the Lake: Can the Mortgage Crisis Swallow a Town?. Why is this so terrifying? Because it’s true, it’s real, and it’s happening right here.
Honestly, it’s a little disappointing to hear that you really can’t afford as much house as you thought you could. It’s tempting to take the offer that will get you more, even if it may come back to bite you in the ass. I’ll be honest–I thought we’d be able to afford a lot more than we were able to when we looked four years ago, but once we realized what our monthly payments would be, we started aiming a little lower. Of course, not everyone had people looking out for them like our realtor–she was the first one who suggested that we were far out of our price range.
Four years later, we’re ready to get the hell out, as are at least four other households on our block. It could be that we’ve outgrown our house, that it’s on an extremely busy street, that my daughter can’t play outside, or that one of the neighboring houses has a residential count that defies noise ordinances, basic manners, and all laws of physics (oh… did I mention the neglected pit bull pup in their back yard?). Honestly, I don’t know how many people stay next door (I don’t say live, because being crammed into a three-bedroom bungalow like that ain’t living), but it’s a hell of a lot more people than that house was built to shelter. Our house has gone from being a little slice of our own heaven to hell in four years, and only part of it has to do with the scary article in the Times. A lot of it has to do with the state of our city as well.
The crime rate is going up. People are trying to move out and getting trapped by the fear of paying two mortgages at once (and that’s a very real possibility that could really crush a person’s/family’s financial well being), and Cleveland is looking less and less desirable. Just ask my other neighbor, who has had his house burglarized over five times (realistically I’d say around eight, but I’m not sure) by the same people, who have never even been brought in for questioning. The last time he was burglarized, the cops wouldn’t come out–serial burglary doesn’t rate as high when you’ve got drug dealing, gang shootings, domestic abuse cases, and everything else to deal with and not nearly enough officers to handle it all.
It’s more than I can cope with–and judging from the realty signs, more than a few of my neighbors agree. Cleveland was a wonderful place to live, but it’s going downhill and fixing it isn’t glamorous enough to get Frank Jackson or any of our city council members airtime. Taking on the banks, fixing the schools and public services is a hell of a lot harder than offering up a few soundbites, so I doubt most of our officials would be interested in the first place.
Quite honestly, after living here, all I want is a farm out in the boonies with a half mile between me and the closest neighbor. Cleveland, I’ll remember to visit you. Right now it’s time to pack.
steve Says:
