REAL ESTATE: German journalist covering Inland foreclosures ...

A journalist working for a German radio and television network was in Inland southern California with a producer and camera crew this week covering the foreclosure crisis. I met her in the encampment of journalists outside the home of Arturo de los Santos, the 46 year old man who was waiting for his family to be evicted from the home in Riverside they lost to foreclosure and later reoccupied.

The journalist, Hanni Husch, said she works for ARD German Radio TV, an organization of public service broadcasters, and is normally based in Washington, DC. She said in her coverage leading up to the U.S. Presidential election, she decided that the economy would be the dominant issue and that the biggest thorn in the side of the economy that nobody has been able to extract is the bust in the housing market.

So Husch got out of the nation?s capital and went to what she called ?ground zero? of the foreclosure crisis, Inland Southern California. Husch said Germans are horrified by the vision of large numbers of ordinary, hard working Americans having their homes foreclosed and sold at auction. She said Germans have strong emotional ties to their houses and typically will buy one house in a lifetime, pay it off, and leave it to their heirs. They would never consider buying a house they could not afford or getting deep in debt. ?We are savers,? she said.

Article source: http://www.pe.com/business/business-insider-headlines/20120222-real-estate-german-journalist-covering-inland-foreclosures.ece

Source: http://delmaeproperties.com/2012/02/real-estate-german-journalist-covering-inland-foreclosures/

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