Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Graphical Foreclosure Disaster

IMG Auteur
Published : November 05th, 2012
430 words - Reading time : 1 - 1 minutes
( 10 votes, 4.8/5 ) , 2 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
2
comment
Our Newsletter...
FOLLOW : Idaho
Category : History of Gold







The devastating effects both the sub-prime mortgage debacle and the global recession have had on the US economy are somehow alarming. Indeed, 72% of the major metropolitan areas have recently seen 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 robo-signing scandal, these numbers would have been even higher.


For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz.


Boise, Idaho -- 1 in 21 homes in foreclosure (The red dots show foreclosures)



Image: Courtesy of Google Maps


Sarasota, Fla. -- 1 in 21 homes in foreclosure



Image: Courtesy of Google Maps


Lakeland, Fla. -- 1 in 21 homes in foreclosure



Image: Courtesy of Google Maps


Tampa, Fla. -- 1 in 20 homes in foreclosure



Image: Courtesy of Google Maps


Port St. Lucie, Fla. -- 1 in 19 homes in foreclosure



Image: Courtesy of Google Maps


Sacramento, Calif. -- 1 in 19 homes in foreclosure



Image: Courtesy of Google Maps


Naples, Fla. -- 1 in 18 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Deltona, Fla. -- 1 in 17 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Bakersfield, Calif. -- 1 in 17 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Reno, Nev. -- 1 in 16 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Vallejo, Calif. -- 1 in 16 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Orlando -- 1 in 15 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Merced, Calif. -- 1 in 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Stockton, Calif. -- 1 in 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Riverside, Calif. -- 1 of 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Miami -- 1 in 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Phoenix -- 1 in 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Modesto, Calif. -- 1 in 14 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Cape Coral, Fla. -- 1 in 12 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


Las Vegas -- 1 in 9 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


BONUS: USA -- 1 in 46 homes in foreclosure


24hGold - Graphical Foreclosur...

Image: Courtesy of Google Maps


 


 

24hGold - Graphical Foreclosur...





Charleston Voice


This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, please send an email to the author with “SUBSCRIBE' in the subject line.





<< Previous article
Rate : Average note :4.8 (10 votes)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Comments closed
  All Favorites Best Rated  
Would like to see comparative maps, Y/Y from 2006 - 2010 - and 2011 - 2014. I'll give you 20 oz Ag for the entire neighborhood - LOL. Question : Have MERS, Robo-Doc and *title-insurance* been resolved ??
Rate :   0  1Rating :   -1
EmailPermalink
If the Government would just let the prices fall and market correct, this would all be over in 6 months. Idiots!
Rate :   0  1Rating :   -1
EmailPermalink
Latest comment posted for this article
Would like to see comparative maps, Y/Y from 2006 - 2010 - and 2011 - 2014. I'll give you 20 oz Ag for the entire neighborhood - LOL. Question : Have MERS, Robo-Doc and *title-insurance* been resolved ?? Read more
Peter C. - 5/10/2011 at 9:46 PM GMT
Rating :  0  1
Top articles
Latest Comments
Debate Over Electric Trucks: Let’s Get It On
25 AprJerry82
Thanks Mish, this was a very insightful and thought provoking piece. I've often heard concerns about the weight of these new electric trucks and th...
No, The Junior Mining Stocks Are Not About To Implode - Dave Kranzler
25 AprJerry821
Thank you Dave for this excellent article. I agree with your well thought out critiques that point to junior miners being just fine. Relying on tha...
Gold Bullion Erases $10 Bounce Despite French Election, N.Korea Ris...
25 AprJerry82
I don't know how much I'd trust the listed GLD holdings. I always found GLD's structure to be a bit strange. They so famously claim that they are 1...
The Story of Gold Money, Past, Present and Future, by Edwin Walter ...
18 AprJerry82
Thank you for this very thought provoking piece Nathan. I have not read any literature from Edwin Walter Kemmerer before but I am inclined to pick ...
Gold Prices Slip $10 After Breaking Downtrend as UK's May Seeks Bre...
18 AprSam Maher3
"That left the GLD gold ETF needing a 2017 high of 849 tonnes in bullion backing." I frequently see you make these claims on GLD's holding...
Bombs Away!
17 Aprprljr-1
James tribe owns trump.
Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis...
17 Aprprljr1
Unfortunately the world is not run by Christians, well except for the useful idiot ones.
Krunch Time for Korean Krackpot Despot, Kim Jong-Un: Missile Crisis...
15 Aprkevthorne1
I read from this that it is the USA that is 'a threat to the entire world'. How many times have we heard this - 'country X is a threat to the w...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS