"RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse. 72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robosigning scandal,... [more]
"RealtyTrac is out with the total foreclosure numbers for 2010. On the whole things are getting worse.
72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher.
For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz."
http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1#20-boise-idaho-1-in-21-homes-in-foreclosure-the-red-dots-show-foreclosures-1[less]
Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007
OMG! I sees the first slide, and I says to myself I says "Boise? I thought Boise is one of those unpretentious places where few people overextended themselves or believed the leprechauns were coming soon. How could Boise have 1 in 21 houses in foreclosure?" Then I clicks on the next slide, and the next, and it gets worse and worse.
Fortunately, Long Island City isn't a metro area.
You can see perfidiotz's house in the last metro slide, where 1 of 9 houses is in foreclosure. And I believe that number just means currently, and doesn't include those that have passed through that process in the past few years. It's the one with the greenpool, near the dried-up fake lake.
OMG! I sees the first slide, and I says to myself I says "Boise? I thought Boise is one of those unpretentious places where few people overextended themselves or believed the leprechauns were coming soon. How could Boise have 1 in 21 houses in foreclosure?" Then I clicks on the next slide, and the next, and it gets worse and worse.
Fortunately, Long Island City isn't a metro area.
You can see perfidiotz's house in the last metro slide, where 1 of 9 houses is in foreclosure. And I believe that number just means currently, and doesn't include those that have passed through that process in the past few years. It's the one with the greenpool, near the dried-up fake lake.