It's not that I've doubted the existence of the wave of foreclosures but sometimes it's hard to comprehend this as really being a crisis what with life seeming to go along as usual. The places we hear about being hard hit are far from my home and friends, so I don't see or hear about it first-hand. Aside from a couple of developments on which construction has seemed to freeze, there are no local signs of a problem.
This depressing news report (hat tip to Wonkette via Andrew Sullivan and others) and its images of foreclosed houses' contents being trashed really made it hit home for me. The video is worth watching, but not if you are having a bad day or want to cruise into the weekend on a high note.