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This BBC story on tent cities sprouting up in the US due to the subprime crisis focuses on LA.

I guess this story is somewhat resonant because, while there is not a huge foreclosure problem in Victoria, there is an affordability problem, and perhaps a resultant problem with homelessness and begging.

Some recent comments on some of the other local Victoria blogs like HHV and Victoria's Truth have focused on "Strit Peeple", rusty cars, scowl faced lumberjacks and hillbillies.

What would Jack Kerouac have said about all this anyway?

^{..... with 60,000 houses repossessed in the last month? Just down the coast.....}

Spanish property prices could fall after a warning to banks to rein in mortgages and prepare for bad debts....BBC News.