During one of my bouts not having a place to sleep, I ended up taking residence in a motel. It was a bad financial decision, borne in the circumstances I was in. When your credit gets shaky, its hard to find an apartment that will accept your application. This is doubly true when you haven’t saved enough for two months security. You end up being a rat in a maze, a maze whose exit gets harder and harder to find the longer you’re in it.

NYTimes: As Jobs Vanish, Motel Rooms Become Home :

Greg Hayworth, 44, graduated from Syracuse University and made a good living in his home state, California, from real estate and mortgage finance. Then that business crashed, and early last year the bank foreclosed on the house his family was renting, forcing their eviction.

Now the Hayworths and their three children represent a new face of homelessness in Orange County: formerly middle income, living week to week in a cramped motel room.

NPR: Sacramento Tent City Reflects Economy’s Troubles:

Job losses, home foreclosures and a deepening recession are sending scores of newly homeless people into a makeshift camp along the banks of the American River in Sacramento, Calif.

The tent city, spread over an area the size of several football fields, has local officials scrambling over how to handle the area’s homeless crisis.

The contrast to the news this weekend is beyond understanding.

NYTimes: A.I.G. Planning Huge Bonuses After $170 Billion Bailout

Metafilter: This is insanity