Didn't Ted Nugent Write About Tent Cities?

No. Wait. That was "Intensities in Ten Cities."

ThreeSources friend Perry Eidlebus has submitted the leading nomination to Don Luskin's "most insanely exaggerated news story concerning the housing market slump." It's a goodie:

ONTARIO, Calif., Dec 21 (Reuters) - Between railroad tracks and beneath the roar of departing planes sits "tent city," a terminus for homeless people. It is not, as might be expected, in a blighted city center, but in the once-booming suburbia of Southern California.
The noisy, dusty camp sprang up in July with 20 residents and now numbers 200 people, including several children, growing as this region east of Los Angeles has been hit by the U.S. housing crisis.

The unraveling of the region known as the Inland Empire reads like a 21st century version of "The Grapes of Wrath," John Steinbeck's novel about families driven from their lands by the Great Depression.

As more families throw in the towel and head to foreclosure here and across the nation, the social costs of collapse are adding up in the form of higher rates of homelessness, crime and even disease.

This is from The Guardian's business section. That's gotta be like being "Gay Pride Editor" at National Review, or the Faith and Religion section of The Objectivist Newsletter.

Economics and Markets Posted by jk at December 24, 2007 4:15 PM