Another murder-suicide over financial troubles in CA

[markrp]

That is such a bad news and I am not sure why people looses their hopes so quick.

[Seeker]

The cnn version of the story has a bit more info.... whether true or not, I don't know, but the husband :

claimed the couple was being investigated for "misrepresentation of our employment to an outside agency for the benefit to ourselves's (sic), childcare." He said the initial interview was held on December 19, and when he reported for work on December 23, "I was told by my administrator ... that 'You should not even have bothered to come to work today. You should have blown your brains out.'"

Wilmington is not the safest area in LA County either; there are houses there that people wouldn't touch because of gangs in the area.

9.3% unemployment in LA County. Try 22% unemployment in Imperial County.

What's our world coming to?

[Russell]

Steve, I completely agree with you on that. So many people rushed to buy homes is what created the unrealistic surge in the realestate market, whether they could afford the houses or not.

Well I feel that since we're handing out billions of dollars to the banks and corporations why can't we let the Joe Blow take his own 401k money to save his house. A house he might have already invested a lot of his money in? I'm just not sure all the money we're spending is helping individuals with their financial issues due to the economical conditions.

Sure there are those that even in good economy don't have their act together but I feel bad for those who are just caught up in this turmoil. Any one of us could find ourselves in this situation where we have no income or income not large enough to afford the mortgages+the common family expenses. Sure your savings will help but for how long? If you have a $2000 mortgage and $1500 monthly expense you'll need $42k for one year.