downwardly mobile
By Diogenes (articles ) | October 31, 2005 8:43 AM
The San Francisco Faith reports that, as church, we've come a long way since the days Catholic kids sold candy bars door-to-door to retire the parish debt:
The Sacramento Diocese agreed to sell its investment property, Lakeview Village Mobile Home Park in Citrus Heights, to the mobile home management firm of Bessire and Casenhiser, Inc. for $45 million, the September 16 Sacramento Bee reported. When residents, who are mostly seniors, had first heard in August that the diocese would sell Lakeview Village to help cover costs of legal settlements in cases involving sexual abuse by priests, they feared that a new owner would either convert the park to another use or drastically raise rents. With help from the diocese and the city of Citrus Heights, residents put together a bid to buy the park, but it came $10 million short of Bessire and Casenhiser's bid. News of the pending sale re-ignited residents' worries that their space rents would be raised. The investment company, however, says it is willing to work with residents on a fixed income and that it wouldn't raise rents anywhere as high as they would have been raised if the residents themselves had bought the park. Residents admitted that space rents would rise by at least $200 a month if they had bought the park.
Just curious. How many of our Canon 401-dash-2 retirees are currently living in mobile homes?
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