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Here is the article:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/15/BA5N14OGCD.DTL

San Francisco is famous for their homeless population. Actually, many homeless somehow go to San Francisco. They're often mentally ill or on drugs and they literally take over the city.

However, there's a new breed of homeless. The victims of this economy. Many do have jobs. And families. When the families foreclosed on their properties, and when landlords evicted their tenants (which is ILLEGAL!!!) when they foreclosed on their rental properties, without giving as much as a security deposit back.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/18/BA6T14PVAE.DTL

Many people just needed a place to live. Foreclosures were up 500%!!!

There are not many places to live in San Francisco to begin with. When families foreclose on their homes, they need a place to live and often rent small apartments around town. As do former tenants.

So the cost of rents went up.

The other group of people suffering from our economic misfortunes are those who are not employed. There are many people who are now scrambling for temp work. I've seen people carrying boxes out of their offices in my building because their companies are closing shop in SF, due to the economy. ALL of those WHITE COLLAR, COLLEGE EDUCATED, COMPETATIVE (deserving or not) people lost their jobs. This is also happening to us on the West Coast.

Pelosi and all of the other scummy politicians are conveniently overlooking this, caring way too much about what their real estate value is worth. Seriously, why bail out the lenders when the economy obviously can't afford the cost of real estate?

Just a sign of the times folks... Happy Holidays.

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