Housing Bubble Map of Misery

[Xiangfeng]

California, Nevada, and Florida have the highest foreclosure rates.

[watchdog]

California is finally a red state!

[chicom]

Originally Posted by watchdog

California is finally a red state!

No blue states?

[profKrugman]

Welcome to Economic Free-Fall!

How will the US Economy grow if the average homeowner is eyeball deep in debt, and over leveraged on their property?

Where will the continued Spending come from?

[watchdog]

Originally Posted by profKrugman

Welcome to Economic Free-Fall! How will the US Economy grow if the average homeowner is eyeball deep in debt, and over leveraged on their property?

Those states each have enormous illegal alien populations. How much of their current housing collapse trouble is anything but a reflection of the inevitable outcome of the Clinton/Bush/Obama era policies urging lenders to put illegals in houses of their own?

[Ken]

The government yesterday stated home sales are up 3%, and a consumer group stated sales were running at 20yr lows. Tough to know what is really going on. I'd like to move, is now the time?

[Amber]

Wow, that's an interesting map right there. I was looking for some properties for sale in Florida anyway as an investment opportunity but that map explains my experience so far. There are even people from Europe coming to buy houses in and around Miami because it's so cheap. Maybe you can help me with my question. I was wondering if a US citizen has to face any legal problems if he or she wants to buy a house in Germany? Any special tax or something. So if someone could shed some light on this issue for me, I would be more than thankful.

[uptime]

Hey Amber. Not sure about Germany tax, but I see Americans buying homes in Europe all the time on HGTV. If you are buying with Dollars, you have the currency exchange to deal with. Your money won't go very far in Germany. I'm just saying... :~)