I found this interactive map and thought it was very interesting, but in the same sense appalling. Some of the numbers that are popping up on this map are unreal.
Check out the map on the this link .
What types of trends do you see in these maps? Are certain areas more hard hit then other for a reason? What numbers are really surprising to you?
Wow, it looks like nearly every major poulation center from NYC and D.C. to L.A. is have difficulties with foreclosures. The only place that seems to have avoided the foreclosure problem is the grain growing area of the midwest. The most shocking part of this map to me was Arizona's huge problem with foreclosures, I never realized that they had been hit so hard during the economic crisis.
ReplyDeleteWow Jason, this is awesome. It is definitely clear that the west coast has been hard hit by foreclosures, along with some parts of the east coast like parts of Maine, Connecticut as well as Florida. Most of the mid-west stayed clear from major foreclosures besides from Michigan and Ohio. What's up with that? It seems as if major foreclosures are drastically affecting urban cities rather than rural communities. {A}
ReplyDeleteThis is a great map. It really puts things in light and shows one exactly how bad the foreclosure rate is. I mean sure I hear about it on the news and stuff but this map really is an eye-opener.
ReplyDeleteI think that the reason foreclosure rates are so high in the urban cities is due to people moving away from them. I know infenton a small town outside of flint wasn't nearly as busy it's been lately since more and more people from flint have moved back into our area in search of jobs and cheaper places to live. There have been houses in our neighborhood that were up for sale and bout to foreclose and then someone would buy it. this type of movement to rural cities i think helps keep the rates lower than cities
ReplyDeleteI think the most interesting thing about the map is that there does not seem to be a clear correlation between mean income of the area and the foreclosure rate. For example, the relatively wealthy areas of the southwest have been stricken with foreclosures in much the same way as less well-off areas. Statistics on the age, income, and other factors of those foreclosed upon would be very insightful, and I could imagine it would be very useful for knowing how best to give the economy a push from bottom up rather than top down like we are doing now.
ReplyDeleteIt's crazy seeing how hard the West has been hit by these foreclosures. I would love to see the data from all of the counties in the middle. I remember Professor McKinney mentioning the idea of U.S. financial crises often being isolated within regions and it would be interesting to see if the effects are even restricted to portions of regions.
ReplyDeleteThis map shows quite a clear parttern of how the foreclosure rate changes from west to east...It's impressive but i'm really curious about why it happens.
ReplyDeleteI think the most interesting thing, as we saw in class last week, is that the credit crisis started in Orange County and spread East. I wonder if the foreclosure rate will continue to spread East as well. I agree with Sean as well that there is not a direct correlation between income and foreclosure and how more data would make a more statistical graph.
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