Amazing how the kids understand their enviroment and grasp the word.

John, my girlfiend is a Elementary School Teacher.

I often use her comments as a gauge of the local fabric.  Fortunately in our area the "F" word is not used much,  but the "G" word is king(gasoline).  Ironically, because the price of fuel is so high, people are moving into our area as we have jobs, and little or no housing.

The price of housing in our area has grown by some 34% in the last year and a half.  I am hoping that we don't get any more words " " of any kind going around, like "C" (hanging Chad).

It would not hurt for foreclosure and the responsibility of paying your bills, how to read contracts, dont spend above your means to be taught in economics classes.

John, the "gauge to measure the devastating impact" is not that children know the meaning of the word Foreclosure, it is that the parents of those children apparently did not know the meaning. IMHO, of course.

I did not intend this coversation to go negative. Sorry. Of course for a child it would be a terrible experience. And some foreclosures happen because of devastating things happening in folks life, like illness, job loss, etc....

I do think that now days, folks are beginning to think foreclosure is not a disaster or thing to do as last resort, but becoming sociably acceptable because of the media, and folks were not informed of the mortgage they were buying. And I have never been at a closing or seen loan documents that did not over and over explain the loan you were purchasing.

However, I am still sensitive to  those who are really in need and would feel horrible about an innocent child going through that experience.

But I do remember my childhood, we all recoup. My Dad worked jobs that moved us every year, sometimes across the country and we leased a different home every year.

And then we have our fine military who also do this. I learned and grew greatly from moving and would not trade it now.