CBS Evening News for Thursday, Jun 16, 2011
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(Miami: Jim Axelrod) The decision of some homeowners to walk away from their mortgage examined; details given about strategic default, when people with no hope of breaking even stop paying their mortgage; statistics on the Florida housing crisis cited. [Homeowners Bob and Julie SISTIK, Victoria WILKINSON- comment.] [Morris duPont foreclosure attorney Chae DUPONT- explains the impact on credit ratings.]
(Studio: Scott Pelley) The increase in people choosing to live in apartments or condos noted.
(Los Angeles: Bill Whitaker) The loss of construction jobs despite the increase in apartment and condo construction, which takes fewer workers than single family houses, examined; statistics cited; map shown. [City Constructors Inc. project manager Kyle DONOVANH- says you had to go where the money was.] [Construction worker Delvin KNIGHT- comments.]
(Studio: Scott Pelley) The housing construction numbers mentioned.
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