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Skeletons of the Great Recession:
These American cities are still plagued
by homes abandoned to foreclosure

Daily Mail [UK], by Joshua Gardner

Original Article

Posted By:Attercliffe, 7/14/2014 7:11:16 AM

The Great Recession may be an unpleasant memory for most, but some residents of what were once booming cities continue to face after-effects of the financial crisis in the form of home foreclosure.[Snip] The problem is especially severe in cities where problems like plummeting home values, rising unemployment and painfully long foreclosure proceedings continue to plague citizens years after the recession officially ended. Financial website 24/7 Wall St. put together a list of the 10 cities in America with the most abandoned foreclosed homes. The worst off city, according to data compiled by 24/7 Wall St., is Wichita, Kansas.

      


Post Reply  

Reply 1 - Posted by: Kitty Myers, 7/14/2014 7:33:48 AM     (No. 9923330)

I guess Detroit, where whole neighborhoods have been leveled, doesn´t figure into this.

Btw, since when did "The Great Recession" become "an unpleasant memory for most"?

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Reply 2 - Posted by: Hugh Akston, 7/14/2014 8:10:59 AM     (No. 9923359)

Hold on, when did this recession end? First qtr GDP of -2.9% doesn´t indicate happy days are here again. Worst labor force participation rate since 1978...let alone the grossly miscalculated unemployment rate.

This economy is still skeletons for those who work.

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Reply 3 - Posted by: 3XALADY, 7/14/2014 8:33:41 AM     (No. 9923393)

OT but I heard someone, who should know better, use the unemployment rate of 6.1% (?) as if it was a good number. And he was on our side. Say what! I know nothing about nothing and know how they´ve juggled the numbers to get there.

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Reply 4 - Posted by: Fiesta del sol, 7/14/2014 8:57:17 AM     (No. 9923444)

Just spent the last two weeks in small towns in AZ/CO. Neighborhoods are beyond unkempt and in horrible disrepair. Small town America is bleak.

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Reply 5 - Posted by: stablemoney, 7/14/2014 9:33:57 AM     (No. 9923515)

I suggest they quit bulldozing those houses in Detroit and move Latin America there.

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Reply 6 - Posted by: ida Lou Pino, 7/14/2014 9:38:31 AM     (No. 9923529)

OK - - let´s again play Correct The Headline - - -

"Skeletons of the Great Society"

There - - that´s better.

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