Many of the churches involved share one of two characteristics.
1. They're nondenominational churches, so they're on their own when the mortgage becomes past due.
2. Like subprime home buyers, they had exotic mortgages either thrust on them, or dangled before them. (And, like many subprime buyers, they didn't read the fine print when they should have.)
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
Note: Labels can help describe people but should never be used to pin them to an anthill.
As seen at Washington Babylon and other fine establishments
January 26, 2011
Mortgage crunch hits churches
Labels:
commercial real estate,
religion
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