Nora Perez just graduated from Royal Learning Center, a high school in Los Angeles. Each night, prior to graduation, she studied in her part-time home — her parent's car — where she and her family spent many of their afternoon and evening hours.
With over 5 million unemployed in Spain, the economic crisis has hit homeowners particularly hard -which is nearly everyone. Spain has the highest rate of home ownership in the European Union, as high as 85 percent, and that's greatly due to decades-long aggressive governmental promotion of home ownership and borrowing.
