Which U.S. Areas Have The Highest Risk Of Eviction Or Foreclosure ?

[Dave Hess]

Which U.S. Areas Have The Highest Risk Of Eviction Or Foreclosure ?

https://www.mortgagecalculator.org/helpful-advice/foreclosure-and-eviction-statistics.php


If these numbers are accurate I find it to be very troubling. Lots of Americans are very tight on money with crazy inflation.

 

[BHopkins]

This data would be much more informative, if it correlated the risk of eviction/foreclosure with the cost of living in each state/city. Or more particularly, the cost of housing.

 

[raaizin]

These numbers seem awfully high. If I am reading this correctly it ranges from 1 in 5 to 1 in 3 are at risk. It is hard for me to believe these numbers especially with the consumer spending that is being recorded. I do understand people will spend whenever they can but its hard to fathom these numbers are correct.

 

[DougR]

In 2023, the population of Maricopa County was more than 4.5 million, and there were 87,197 evictions filed. That means there were approximately 1.9 evictions filed per 100 people.

 

[walterjay]

Something doesn't seem right here.

 

[supton]

I scanned through the article but while the graphics say "likely" what I did not see was where it defined how it came up with "likely". Did I miss it or is defined in the article? It does look at the percentage that is spending more than 30% of income on housing--is it assuming that all in that bucket are "likely" to be evicted?

 

[Rand]

seems total junk article.
1/3 of the population is not being evicted or forclosed on monthly. I doubt 1 in 3 over a 10 year period.
some sort of gaming the statistics going on there.

Check this junk out. I mean wow is this AI generated or something!?!?!?!
absolute trash article.
this is yearly

Now this is monthly?

 

[John105]

seems total junk article.
1/3 of the population is not being evicted or forclosed on monthly. I doubt 1 in 3 over a 10 year period.
some sort of gaming the statistics going on there.

I was gonna say the same. And to be honest I don’t give it much thought nor would I know how to wrap my head around it. If housing prices, wouldn’t MA be high? But then salaries are high and education too.

I saw the magic number 30% (cost burdened household) on seeming to be trouble if one spent that much of income on housing. Did a quick calculation and I spend 5%. So I must be living high off the hog, but instead, I’m living like Kermit

 

[cptbarkey]

Its right there in the beginning of the article. The authors made up a statistic derived from census data and posted a few fed charts. This would be a prime example how data can be manipulated and presented to achieve the goals of the author.

Try looking up their statistic in the census data tables.

 

[BigCahuna]

I can't say why or how the prices for apts, homes, and condos are thru the roof here in New Jersey, but one thing is clear. They are building apt buildings at rate I've never seen in my lifetime. Big 2-4 story buildings with over 900 apts, is the norm now. 2 blocks from my house used to be a 9 hole golf course. They shut down and was sold it to a developer, and now they have almost 1,000 apts there. And they are not cheap to rent. The good side if you can call it that is, it seems to be driving the price of homes thru the roof. I could sell my house for more than 10 times what I paid for it many years ago. I don't see how people can afford today's prices for anything.,,

 

[John105]

I can't say why or how the prices for apts, homes, and condos are thru the roof here in New Jersey, but one thing is clear. They are building apt buildings at rate I've never seen in my lifetime. Big 2-4 story buildings with over 900 apts, is the norm now. 2 blocks from my house used to be a 9 hole golf course. They shut down and was sold it to a developer, and now they have almost 1,000 apts there. And they are not cheap to rent. The good side if you can call it that is, it seems to be driving the price of homes thru the roof. I could sell my house for more than 10 times what I paid for it many years ago. I don't see how people can afford today's prices for anything.,,

I live in the Phila suburbs and have worked in NJ for 14.5 years. Can’t believe that. Crossing the bridges daily.

I went back to our old office area, and warehouses are gone! In their place, is what you describe. Humongous 4 story apartments. I do recall seeing such maybe 20 years ago in NoVA. Here I’m talking during the pandemic saw all that new construction.

It’s also arrived where I live in PA. It’s as if it’s what people want. Pseudo luxury shopping (Whole Foods and Apple), these apartments, and the Lamborghini and Porsche dealers within 2-5 min. There are lots who are doing well.

 

[scoot]

I can't say why or how the prices for apts, homes, and condos are thru the roof here in New Jersey, but one thing is clear. They are building apt buildings at rate I've never seen in my lifetime. Big 2-4 story buildings with over 900 apts, is the norm now. 2 blocks from my house used to be a 9 hole golf course. They shut down and was sold it to a developer, and now they have almost 1,000 apts there. And they are not cheap to rent. The good side if you can call it that is, it seems to be driving the price of homes thru the roof. I could sell my house for more than 10 times what I paid for it many years ago. I don't see how people can afford today's prices for anything.,,

For example , a friend of mine makes a large salary , he loves paycheck to paycheck . He is currently looking for a second home for vacationing . To each their own. I figure he is good for the economy till he goes belly up

 

[SC Maintenance]

There won't be evictions until you have massive job losses.

 

[Dave Hess]

Daily Job Cuts . Com

Yes, lots of job losses and more to come.

 

[supton]

Its right there in the beginning of the article. The authors made up a statistic derived from census data and posted a few fed charts. This would be a prime example how data can be manipulated and presented to achieve the goals of the author.

Try looking up their statistic in the census data tables.

View attachment 265027

That doesn't really say anything... if they are using 30% as the threshold then they should say that. Even so, it still sounds like they are just making up stuff.

For example , a friend of mine makes a large salary , he loves paycheck to paycheck .

Man, what I wouldn't do to love from paycheck to paycheck... oh if only I could be young & single again, what a great time it would be.

 

[Dave Hess]

For example , a friend of mine makes a large salary , he loves paycheck to paycheck . He is currently looking for a second home for vacationing . To each their own. I figure he is good for the economy till he goes belly up

Lots of people look they are doing very well and in reality are paycheck to paycheck.

Ego allowed them to think they are more successful than they really are.
They refuse to accept they are middle class and budget their income for a middle class lifestyle.

 

[supton]

They refuse to accept they are middle class and budget their income for a middle class lifestyle.

Not sure I completely agreed with it, but one video I watched said there was two classes now: working and upper. The doctor making $500k/yr but neck-deep in debt, is that person better off than the person with a modest pension who no longer has to work? The line gets blurred--I still think there's value in lower/middle/upper class, putting people into those buckets so as to examine behaviors: but I thought the video at least had some merit in it on that front. If you haven't made it to financial independence--then it doesn't matter what you make or the size of your portfolio, you're part of the working class. And ought to act like it.

 

[Rmay635703]

There won't be evictions until you have massive job losses.

Pretty much all the big corporate places have all their rental buildings up for sale locally.

Not sure why considering the price they want will never happen.

 

[SC Maintenance]

Pretty much all the big corporate places have all their rental buildings up for sale locally.

Not sure why considering the price they want will never happen.

Yes, well multi family / CRE is very different. Are you talking about apartments, or office, or both?

If someone has a job and a 3% mortgage on their house, they will keep making the payments, if just enough to keep from being evicted, because they have to live somewhere.

For CRE, the decision is based on what the spreadsheet numbers say. I heard maybe a year ago that pretty much every building in downtown St. Louis has been outright abandoned. The city is at a complete loss on what to do.

 

[Rmay635703]

Yes, well multi family / CRE is very different. Are you talking about apartments, or office, or both?

If someone has a job and a 3% mortgage on their house, they will keep making the payments, if just enough to keep from being evicted, because they have to live somewhere.

For CRE, the decision is based on what the spreadsheet numbers say. I heard maybe a year ago that pretty much every building in downtown St. Louis has been outright abandoned. The city is at a complete loss on what to do.

Mostly old houses that have been converted into 1-4 apartments

These numbers seem awfully high. If I am reading this correctly it ranges from 1 in 5 to 1 in 3 are at risk. It is hard for me to believe these numbers especially with the consumer spending that is being recorded. I do understand people will spend whenever they can but its hard to fathom these numbers are correct.

We live in an environment where 81% of people think they will be laid off in the next 6 months.

Historically that almost always correlates to real world instability.