The housing bubble affect all social classes. The ultra-high-end home being sold at auction. Meanwhile, at the other end of spectrum, desperate citizens are near rioting as they search for the affordable housing.
The Sun-Sentinel reports, "In a sign of the desperation facing Palm Beach County's poor, hundreds, maybe thousands, descended on the city Wednesday for a chance to get on a subsidized-housing waiting list.The wait nearly turned ugly when housing officials told hundreds still on line Wednesday morning that they only had enough applications left for those with disabilities. The crowd surged forward, almost crushing mothers with children and people in wheel chairs, said Judith Aigen, Boca Raton Housing Authority executive director. 'I think a riot was about to happen,' she said."
"It was then that police in riot gear stepped in, dispersing the angry crowd. Boca Raton Fire Rescue took nine people to area hospitals for medical conditions such as seizures, fainting or diabetic shock, said fire Chief Tom Wood. Police arrested two people and charged them with resisting arrest without violence, said police Chief Dan Alexander. No one foresaw the response to an announcement by the housing agency that it planned to give out 600 applications for its Housing Choice Voucher program. Only 200 of them will be accepted."
Click here to watch the Palm Beach Post's video of the incident.
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2 comments:
Good stuff
You guys are seeing this whole thing break down faster then the rest of us. I guess I will be seeing these types of things in MAryland.
We have the same bubble but it hasn't burst like yours has.
I wonder what kind of gold-plumbing public housing 700 billion dollars could have bought for the rest of us? Instead we just bailed out Paris Hilton.
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