Stage 2 : Anger

From the Naples News, we have Denise Zoldan writing about Mortgage foreclosures are up, and a working class is scarce.

The once-dormant microwave oven at Cedar Bay Marina on Marco Island is now the hot spot in the employee lunch room.

Even though the marina-turned-private yacht club is surrounded by pizza joints and fast food restaurants, Cedar Bay employees are packing lunches.

"The problem is they just don't have the money," said Manager Scott Hopkins, pointing out that employees are facing higher rents, higher interest rates, increased property taxes and steeper insurance rates — all of which take a bite out of disposable income.

People like Hopkins are struggling, even though he earns more than the area median income of $66,100 a year.

The three-bedroom townhouse Hopkins bought for $367,000 in November costs $9,000 a year in taxes, insurance, and mortgage insurance. By the time Hopkins pays the principal, interest and condo fees, he's spending nearly half his annual income on housing.

"How is that affordable?" he asks, anger rising in his voice.

The time to think about that was before you bought, jackass!

This is just stage two, folks! We're past stage one which was denial.

Coming up in the batting lineup are "bargaining" soon to be followed by "depression".