TV Show “Glee” Has Foreclosure Storyline

Posted on May 5, 2011

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The popular tv show “Glee” has a character whose home has been foreclosed on and who is living in a motel.

When something like that is added to a tv show for young people, you know the foreclosure crisis has impacted a wide group of Americans.

Now imagine all those kids, those who lived in a motel and their friends, or whose families almost were foreclosed on but instead lived without electricity for a while, grow up. How likely are they to sink most of earnings into buying a home?

The irresponsible and short-sighted behavior of the banks and mortgage industry will hurt them for decades to come. The overall demand for real estate will be markedly lower for a very long time. So they are hurting themselves.

For a more fan-based look at the episode, see here.

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