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A Satellite Tour Of America's Foreclosure Wastelands

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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-18-11 11:45 AM
Original message
A Satellite Tour Of America's Foreclosure Wastelands
http://www.businessinsider.com/november-foreclosure-satellite-tour-2011-11?op=1

Number 1 wasteland is Las Vegas-Paradise, NV, with 1 in every 14 mortgages receiving a notice of foreclosure in 2011. Since most other states in the US permit gambling, and since Asians now go to Macau, Las Vegas has lost its reason to exist.

Most of these foreclosure wastelands are in CA, AZ and NV. Things are better elsewhere.
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Courtesy Flush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-18-11 11:51 AM
Response to Original message
1. I caught an error
At the bottom of the page they showed a photo of a luxury home, and a link that said "Check Out The Foreclosed Mansions Of The Formerly Wealthy."

This is clearly an error since we all know that the economy was brought down by poor people who bought homes they could not afford.

Glad I could help.

:sarcasm:
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