"Housing burdens spread unevenly; Census data show some hit harder" by Alan Zibel, Associated Press | January 19, 2009
WASHINGTON - .... In every state, there are many pockets of homeowners who are just one unexpected medical bill or car repair from falling behind on their mortgages and setting the foreclosure clock ticking.
The AP's analysis reveals the enormous scope of the US housing market decline and how unevenly the burdens are spread, both geographically and demographically. And the situation is worsening - a record 10 percent of US homeowners with a mortgage are at least one payment behind or were in foreclosure as of last fall....
The AP's analysis found that education level is highly correlated with income and mortgage expenses. Nearly one in three of those without a high school or college diploma spend at least 38 percent of their income on housing, compared with only 12 percent of those with advanced degrees.....
Among seniors.... the stress is most severe in: Massachusetts, California, Florida, New Jersey, New York, Rhode Island, Vermont, and Washington, D.C.
Why is my 'liberal" state such a s*** state?
We are talking OLD PEOPLE here while taxpayer money goes into corporate troughs!
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