This week, a Massachusetts woman committed suicide hours before her home was to be auctioned

Editor Mike Colpitts of housingpredictor.com compares this to the Great Depression. "They only had two million foreclosures during the Great Depression. We've already had two-and-a-half million."  

 

KTRH psychological expert Doctor Lawrence Abrams says he's not aware of anyone taking it that far in the Houston area, but it wouldn't surprise him. "Losing your house is just the last straw. You lose home; you may be putting your family out in the cold. You're made to feel like there's absolutely no where left to go."

 

Don Sumners of the Harris County assessor's office says the good news is Houston is better off than the rest of the nation.

"The housing market in Houston has held up considerably better than other areas of the country, particularly on the east coast and the west coast."

 

Sumners says the subprime mortgage crisis will end sooner in Houston than in other parts of the country.

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