Subprime Doghouse Mortgage Foreclosures Skyrocket

It’s always the little four-legged guys who get stepped on in these turbulent economic times. The Kansas City Star reports that the number of pets being abandoned at shelters because of foreclosures has risen drastically in recent months. The costs of food and vet visits were simply too much for families, and they opted to get rid of their beloved animals rather than budget around them.

Now, before dropping off Santa’s Little Helper at the “farm,” consider whether there are ways to avoid this. Taking the Bob Barker approach to this problem, perhaps many families should not have pets to begin with. Having a pet is like having a child; it is a long term affair, and should be planned as such ahead of time. Regardless of what they are doing in Nebraska, pets — much like children — are a heavy financial burden, and should be treated as such.

There are, of course, instances where a family falls on hard times unexpectedly, and a pet is already in its possession. Surely, there is some sort of middle ground in which that pet could stay with the family. It seems quite drastic to progress straight from giving up your house to giving up your dog. There’s no intermediate expense that could be sacrificed instead?

I guess I’m trying to say that abandoning a pet because of economic fears is a drastic, and probably avoidable, situation. Tears can be avoided through patience and smarter financial planning.