Well, okay, neither of those things is actually true. But Drag Me To Hell is about a loan officer, played by Alison Lohman, responsible for processing mortgages and foreclosures at a California bank. And the moral of the story is really quite clear: If evil banks continue to foreclose on the homes of helpless old ladies with health problems and fixed incomes, one of them will inevitably turn out to be a gypsy witch with with dark powers who will seek a terrible vengeance by summoning the horrors of the underworld. I assumed the industry's long production times and so forth would make that kind of problem inevitable, but the timing of Raimi's film -- which obviously wants to ride the coattails of the mortgage crisis to success at the box office -- is really pretty impressive.










Ah... but it was dumb luck, not prescience.
Remember when the manager of the bank tells our her heroine that it is a mortgage with "trapped equity" and the bank makes a killing on penalties and fees? That implies a foreclosure of a home that's so far above water that the bank will recover the full value of its loan, plus fees, even after foreclosure costs. The gypsy witch could have sold for cash and downsized (if she could not have refinanced), but for some reason she did not. Perhaps she was rooted to that home. Very ungypsy of her.
Anyway, the film portrays an idiosyncratic boomtime foreclosure, rather than an example of the mass-produced misery of a full-on housing bust. Fortunately, almost no one will ever notice.
What a great observation! ... I remember the bank manager talking about making a killing from fees, but not the line about trapped equity.
but, digging a little on the production schedule, it wouldn't have been crazy for the script to have incorporated some elements of the crisis, since filming only began in March 2008, well after the peak of the housing bubble. So if what you're saying is true (and I have no reason to doubt it) it does make me doubt the cultural savvy of the film!
Conor
Does the heroine survive by getting a huge government bailout?
sorry, but this is a family-friendly, spoiler-free blog!
mgoodfel: Of course. How do you think they came up with the title?