Worst cities for homeowner debt
Posted Apr 29, 2008 @ 5:47 am, Viewed by 243 Visitors, Read 252 Times.Forbes came out with the top 50 cities with the worst homeowner debt. You can read the entire article here. I don't know how accurate it is but I can tell the put some effort into the article. As a Floridian, it is refreshing to see that there is only 1 Florida city on the list. However, it makes me wonder how good the study is since Florida is one of the worst states for foreclosures.
Here are the top 50 cities for worst homeowner debt:
1. Sacramento--Arden- Arcade--Roseville, CA
2. Denver-Aurora, CO
3. San Diego-Carlsbad- San Marcos, CA
4. Minneapolis-St. Paul- Bloomington, MN-WI
5. Washington-Arlington- Alexandria, DC-VA-MD- WV
6. Los Angeles-Long Beach- Santa Ana, CA
7. Boise City-Nampa, ID
8. Colordo Springs, CO
9. Las Vegas-Paradise, NV
10. Madison, WI
11. Reno-Sparks, NV
12. Boulder, CO
13. Seattle-Tacoma-Bellevue, WA
14. Detroit-Warren-Livonia, MI
15. Cincinnati-Middletown, OH-KY-IN
16. Riverside-San Bernardino-Ontario, CA
17. Portland-Vancouver- Beaverton, OR-WA
18. Columbus, OH
19. Richmond, VA
20. Atlanta-Sandy Springs- Marietta, GA
21. Boston-Cambridge- Quincy, MA-NH
22. Green Bay, WI
23. San Francisco-Oakland- Fremont, CA
24. Lexington-Fayette,KY
25. Cleveland-Elyria-Mentor, OH
26. Phoenix-Mesa-Scottsdale, AZ
27. Salt Lake City, UT
28. Raleigh-Cary, NC
29. Worcester, MA
30. Louisville, KY-IN
31. Baltimore-Towson, MD
32. Pittsfield, MA
33. Indianapolis, IN
34. Charlotte-Gastonia- Concord, NC-SC
35. Bridgeport-Stamford- Norwalk, CT
36. Akron, OH
37. Dayton, OH
38. Virginia Beach-Norfolk- Newport News, VA-NC
39. Lansing-E.Lansing, MI
40. Providence-New Bedford- Fall River, RI-MA
41. Appleton, WI
42. Portland-South Portland- Biddeford, ME
43. Durham, NC
44. San Jose-Sunnyvale- Santa Clara, CA
45. Lincoln, NE
46. Allentown-Bethlehem- Easton, PA-NJ
47. Omaha, NE-IA
48. New Haven-Milford, CT
49. Milwaukee-Waukesha- West Allis, WI
50. Orlando, FL
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Interesting article Marc. I was very pleased to not see a single Tennessee city on the list but I wonder as well about how good their research was. I went to Forbes to find out what the best cities were and found an article about "The best cities for home sellers". I was amused to see 7 of their top 10 cities were also on the top 50 cities for the worst homeowner debt and most of them were in the top 30 and some in the top 10! Hmmm, I guess you can have loads of debt and still be in a good city for selling your home (if there is such a thing right now). Doesn't make a whole lot of sense to me but these lists are fun to look at nonetheless and I'm sure paint some sort of truth.