Quite a surreal post from Mish's website - above is one video, he has 5 clips on his site.
http://globaleconomicanalysis.blogspot.com/2008/06/tent-city-usa.html
Surely there have always been homeless but there appears to be a new upswing of displaced renters/owners... most traditional homeless don't have campers.
Thankfully, we are not in a technical recession per government reporting.
******
Mish writes....
In the wake of the housing crash, "tent cities" have been springing up in several places in California. The story is not that new. However, it has not received much mainstream press. Therefore, many are unaware this is even happening.
The quality of some of the videos is not that good. Two of the better ones are from international writers. By the way, if you have not yet seen any of these, you may be in for a shock. Let's take a look.
*******
"It took on a life of its own," Mayor Paul Leon said. "It didn't occur to us it would grow to this size this fast, which reflects the need." The area, just west of L.A./Ontario International Airport, was created in July as a haven for the city's homeless. It has grown to include 300 to 400 people from throughout the region.
Thursday, June 19, 2008
Tent Cities Sprout Up Across Southern California
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