Denver Foreclosures

Although Alan Greenspan may be looking for a bottom in housing soon, the folks in Denver, Colorado are not so lucky: USA Today has a surprisingly ugly Google mashup of the foreclosures in a neighborhood in Denver.

Lenders foreclosed on about 7,700 homes in Denver last year; officials expect 11,000 this year, mirroring a national increase. Among the neighborhoods hardest hit was this corner of the Green Valley Ranch subdivision.



The map shows foreclosures since late 2006 in Red



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Thanks, Doug.

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Sources:

Mortgage defaults force Denver exodus

Brad Heath and Charisse Jones

USA TODAY, April 4, 2008 01:11 PM ET

http://www.usatoday.com/money/economy/housing/2008-04-01-foreclose_N.htm

Denver Foreclosure Map

http://www.usatoday.com/news/graphics/foreclosure_map/foreclose.htm

Thursday, April 10, 2008 | 03:44 PM | Permalink | Comments (31) | TrackBack (1)

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Comments

Imagine if we'd have spent all that wasted capital on stem cell research, invested it in training, education - birth control? - in poor oppressed Islamic countries, or had a adult-rated, semi-sexy, semi-violent video game that you could only win if you saved a big chunk of your income?

Posted by: VennData | Apr 10, 2008 4:17:19 PM