We all try sometimes to make a concept work and fail miserably. Well, that is what the New York Times did today with their story on Foreclosures in Greenwich, Connecticut. They were trying to show that foreclosures are not just hitting the speculators and lower income, but were even having an affect on the gentrified enclave of Greenwich, CT.

Well, they hit a bit of a dry hole having to state that most foreclosures are recovered from and the local auctioneer typically has to cancel any auctions that are scheduled.

But this is the kicker of the story.

Rare, perhaps, but not unheard-of, as the housing industry collapse starts to claim victims among the affluent. Personal traumas like business reversal, illness and divorce play a role. There’s no real pattern, with people as diverse as builders, restaurateurs and poker players at risk of losing their homes.via the  New York Times.

Builders, restaurateurs, and poker players are a diverse group???

They are 3 of the biggest risk taking groups out there who stand the highest chances of getting beat up in an economic downturn. A diverse group that would not be expected to be foreclosed upon in Greenwich would be Priests, PGA golf pro’s, and stock brokers.

Again, it must be a real pain to be sent out to do a story that has not meat on it, but to make it a top story in the business section? What are the editors at the New York Times smoking? It makes no sense unless they have an agenda to make the economy look as bad as possible…

Related posts:

1. New Jersey Woman Hold Foreclosure Bake Sale and Makes Mortgage Payment
2. Even Cavemen Are Facing Foreclosure In This Market
3. Top 10 States By Foreclosure Filings in 2008
4. California Makes Solar Powered Rooftops A Smart Move
5. New York Yankees Hire Prudential Douglas Elliman To Sell Luxury Seats