11-13-2007
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President
a cold, cold woman... and junebug sympathizer
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Member Since: Dec 2004
Location: Florida US
Posts: 10,538
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Re: A Subprime Mess: Politicians at Fault
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Originally Posted by Marcus1124
Because it is not a evenly distributed phenomena across the nation, these risky loans are heavily concentrated in certain areas of the country, areas that tend to have heavier LOCAL building restrictions which have constrained the supply of housing causing the cost of housing to skyrocket far faster than in other areas, and guess what, most--if not all--of these areas are run by liberals...or are you suggesting that San Francisco is a hotbed of right-wing conservativism?
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Quote:
Realty Trac Foreclosure figures...Georgia, Colorado and Indiana post highest quarterly foreclosure rates
Despite a 19 percent decrease in new foreclosures in March, Georgia documented the highest state foreclosure rate in the first quarter of 2006 — one new foreclosure for every 127 households. The state reported 24,419 properties entering some stage of foreclosure, more than two times the number reported in the previous quarter and nearly three times the number reported in the first quarter of 2005.
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Texas reported the most first-quarter foreclosures of any state, 40,236, and Florida reported the second most with 29,636.
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Quote:
Consuer Affairs 2007Nevada, Colorado Top the List
Nevada's foreclosure activity increased 29 percent from the previous month, helping the state register the nation's highest state foreclosure rate for the third month in a row. The state reported 4,738 foreclosure filings during the month, more than triple the number reported in March 2006 and a foreclosure rate of one foreclosure filing for every 183 households � more than four times the national average.
Colorado's foreclosure rate of one new foreclosure for every 292 households was 2.7 times the national average and second highest among the states.
...The five states with the most foreclosure filings in March -- California, Florida, Texas, Michigan and Ohio -- together accounted for 50 percent of the nation's total.
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Certainly California is among the top in foreclosures and it is a "blue" state. I find it interesting that you claim the high real estate prices in California have to do with liberalism. You would think then that the northeastern seaboard would be in the top ten.
But then there's Texas and Florida stubbornly filling the ranks as if they weren't red, red, red. Nevada, Georgia...
Hmmm...
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...the government...is caving in...with their specious arguments couched in the...language of civil rights law, and that the churches ... likewise crumbling to...rhetoric which is nothing but heretical sophistry -- ~F Phelps
Platitudes like the one you offer are no different - and no less incorrect - than the jackass part-time Christian who says, "I'm going to heaven because I'm nice to people." It so misses the point.~Impugn
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