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The Masked Tulip

A Frightening Satellite Tour Of America's Foreclosure Wastelands

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Mostly Florida & California...This is a very interesting map...

Except for Minnesota, Michigan, etc, etc. Not sure this shows anything more than the most foreclosure being where the population density is highest...

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Except for Minnesota, Michigan, etc, etc. Not sure this shows anything more than the most foreclosure being where the population density is highest...

...North Dakota must be sparse .... :rolleyes:

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...North Dakota must be sparse .... :rolleyes:

It is!

Population is about 640,000, slightley less than in the 1930's and slowly declining. Total population of the USA is about 310,000,000.

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It is!

Population is about 640,000, slightley less than in the 1930's and slowly declining. Total population of the USA is about 310,000,000.

They want to remove 'North' from their state name as they think it puts people off. Great place to have your baked bean bunker though.

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They want to remove 'North' from their state name as they think it puts people off. Great place to have your baked bean bunker though.

Northampton should give some thought to that

Once famed for its shoe-making, Northampton has suffered the worst loss of earnings in the country over the last four years, according to the data, with workers in the city losing on average £37 per week between 2006 and 2010.

That marks a fall of 2.2% and amounts to nearly £2,000 a year - more than seven times the British average.

http://money.uk.msn.com/news/uk-economy/photos.aspx?cp-documentid=155993463&page=11

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Northampton should give some thought to that

http://money.uk.msn....5993463&page=11

Can't be much better than neighbouring Leicester? All the high end firms gone, Marconi GE, (not sure about Plessey) as well as the footwear manufacturers. All that remains of Wolsey is the factory chimney, which they are preserving!

Its only massive state intervention in the form of Council regeneration thats stopped many a Midlands town becoming like downtown Detroit.

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They want to remove 'North' from their state name as they think it puts people off. Great place to have your baked bean bunker though.

IMPO, after the film "Fargo", removing "North" won't suffice. :D

A beautiful day in Fargo, North Dakota:

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Can't be much better than neighbouring Leicester? All the high end firms gone, Marconi GE, (not sure about Plessey) as well as the footwear manufacturers. All that remains of Wolsey is the factory chimney, which they are preserving!

Its only massive state intervention in the form of Council regeneration thats stopped many a Midlands town becoming like downtown Detroit.

AFAIK Thales are still going in Leicester..

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Can't be much better than neighbouring Leicester? All the high end firms gone, Marconi GE, (not sure about Plessey) as well as the footwear manufacturers. All that remains of Wolsey is the factory chimney, which they are preserving!

Its only massive state intervention in the form of Council regeneration thats stopped many a Midlands town becoming like downtown Detroit.

The State intervention failed in Stoke-on-Trent I'm afraid (where my mother's family hail from). Costa coffee and shopping malls are thin on the ground (but they do have an MP called Tristram) and to think it was once THE centre for pottery. Still, isn't this all part of the 'miracle' service economy?

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Except for Minnesota, Michigan, etc, etc. Not sure this shows anything more than the most foreclosure being where the population density is highest...

Population density surely highest in the east coast megalopolis - which is conspicuously absent from the list.

What seems most interesting to me is that of the cities shown only a couple could count as "North" - Sacramento is in northern California and Idaho actually has a border with Canada. All the rest are in sunshine states - which have large numbers of [a] "snowbird" retirees and Hispanics and [c] casual and seasonal employment.

The other point about US defaults is that many states permit you to post your keys through the door of the bank and walk away owing nothing - unlike the UK where you can't get rid of the debt just be dumping the house.

I followed one of the links on the page referenced, which talked about "strategic defaults".

Strategic Default in Nevada

One Fourth of Nevada walk aways involved people who could afford to pay, but who strategically walked away from their debt

It is interesting to speculate what might happen here if a similar approach to mortgage debt were possible.

db

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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