Friday, November 21, 2008

PHUD: Dog House Foreclosures Continue to Rise

WAVERLY, Iowa, November 21, 2008 - As the market continues to dip, more and more U.S. dogs are facing dog house foreclosure. According to the U.S. Department of Pet Housing and Urban Development (PHUD), since September more than 15,000 K-9s have lost their dog houses.

The Midwest seems to be feeling the sharpest sting. Dash, a four-year-old golden retriever in Waverly, Iowa, who recently sired a litter of six, says the rough market and a too-good-to-be-true adjustable rate mortgage, or ARM loan, is to blame. “Yeah, in 2005, I was like, ‘I can get into this house today! This is too good to be true!’ Now I see that, yeah… it was.”

In early August, Dash suffered a nail clipping injury to his left hind paw and subsequently lost his job—chasing cars on West Bremer Avenue between 7th and 8th Streets. His employer offered no disability nor severance, and his family’s modest savings quickly evaporated.

“It was tough,” say Dash’s bitch Sadie. “He was gimping around the yard all day, tail between his legs. Pathetic.”

PHUD Secretary Mallory Balloon hypothesizes that the situation will improve along with the economy, but suggests that—in the interim—people can help dogs like Dash by enthusiastically and repeatedly asking, “Who’s a good boy? Who’s a good boy?”

Photo courtesy of Dash's family's family archives.

No comments: