Another Sign of the Times

By DEREK P. GILBERT
July 29, 2008

Extreme Makeover becomes extreme foreclosure:

More than 1,800 people showed up to help ABCs “Extreme Makeover” team demolish a family’s decrepit home and replace it with a sparkling, four-bedroom mini-mansion in 2005.

Three years later, the reality TV show’s most ambitious project at the time has become the latest victim of the foreclosure crisis.

After the Harper family used the two-story home as collateral for a $450,000 loan, it’s set to go to auction on the steps of the Clayton County Courthouse Aug. 5.

This isn’t so much evidence of the troubled U.S. economy as it is of the phony bill of goods Americans have been sold over the last couple of decades. It’s been drilled into our heads that our homes are our piggy banks.

Those days are done, at least for a while.

Read more at Derek’s website