{"id":554,"date":"2009-02-20T18:57:18","date_gmt":"2009-02-20T18:57:18","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=554"},"modified":"2009-02-20T18:57:18","modified_gmt":"2009-02-20T18:57:18","slug":"foreclosures_are_regional","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=554","title":{"rendered":"Foreclosures Are Regional"},"content":{"rendered":"<p>According to Michael Barone at <a href=\"http:\/\/www.usnews.com\/blogs\/barone\/2009\/2\/20\/foreclosures-are-a-regional-not-a-national-problem--half-are-in-four-states.html?s_cid=rss:barone:foreclosures-are-a-regional-not-a-national-problem--half-are-in-four-states\">U. S. News &amp; World Report<\/a>, the statistics on foreclosure rates from December&nbsp;2007 to January 2009 are very revealing.&nbsp; Only nine states have foreclosure rates above the national average, and only four states have&nbsp;extremely high foreclosure rates&#8211;number of foreclosures per 5,000 housing units&#8211;Nevada, 66, California, 29, Arizona, 27, and Florida 23.<\/p>\n<p>According to the article:<\/p>\n<p><em>&#8220;Just over half of national foreclosures were in the four Sand States. Another one-fifth were in the mixed bag of fast-growth\/industrial-distress\/high-Hispanic states which approximate the national average. The other 38 states, <\/em><a href=\"http:\/\/www.census.gov\/popest\/states\/tables\/NST-EST2008-01.xls\" target=\"_new\"><font color=\"#005497\"><em>with 60 percent of the nations population<\/em><\/font><\/a><em>, have only 25 percent of the nation&#8217;s foreclosures.&#8221;<\/em><\/p>\n<p>It seems to me that all the fuss made over foreclosure is a little disingenuous.&nbsp; Why do sixty percent of the nations population have to shoulder the burden of the 40 percent who were involved in speculation or bought houses they simply couldn&#8217;t afford?&nbsp; The recession was caused to some extent by greed&#8211;but it was also caused by government pressure placed on banks to make loans that were risky.&nbsp; We need to let the market stabilize itself, and pouring more money&nbsp;into the mortgage market&nbsp;and renegotiating mortgages will not do that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Michael Barone at U. S. News &amp; World Report, the statistics on foreclosure rates from December&nbsp;2007 to January 2009 are very revealing.&nbsp; Only nine states have foreclosure rates above the national average, and only four states have&nbsp;extremely high &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=554\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-554","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=554"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/554\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}