21. Chicago
Percentage of mortgages underwater: 21.4%
Median home value: $228,900
America’s Second City, now actually the third-largest, isn’t doing so well when it comes to housing. It’s a bit worrying to see a city such as Chicago, which ranks behind only New York and Los Angeles in terms of population, suffer from a negative equity rate of 21.4% — more than 2 1/2 times the national rate. Added to that, Chicago’s rate of foreclosure is also high, especially for such a major city: There’s 1 foreclosure in every 1,449 homes, compared with 1 in every 2,471 for the U.S. overall.
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6 thoughts on “These 40 Cities Are on the Brink of a Housing Crisis”
unfortunate news. Trump’s “booming economy” is a f’in lie. In fact, basically everything the White House says is a self serving scam or out right falsehood. Dump Trump NOW! make America Great Again!
Aurora’s problems reflect the democratic control of Illinois’ legislature. Illinois has a poor business climate. Caterpillar’s decided to move manufacturing out of its Aurora facility. And Illinoisians are leaving in droves because of high taxes.
Sorry, Trump has done more for business than the preceding president. Gasoline prices are at very low prices. We can’t afford another democratic socialist president.
This started way before Trump got elected into office. It was the banks that loaned to people who should not have gotten mortgages. They also approved mortgages for way more than buyers should have been granted. Peoples spending habits are way out of line and they cannot make thier mortgage payments. No ones faullt but the buyers.
8 yrs of give it all away,sit on ur ass and watch the real back bone of this america do the work for the slug’s that obama fed and groomed that put him on his selfish podium, BRAVO!!!!
As the tweet goes:
You can’t trump a Trump ……. especially when it comes to LYING.