Foreclosures: Six of Ten Worst Are California Cities

[Stephen Frank]

California has six of the ten worst cities in the nation for foreclosures. Yet Jerry Brown thinks California families and voters can afford a $50 billion tax increase. That means Sacramento will have $50 billion MORE to spend and families $50 billion LESS to spend.

California cities with the worst foreclosures in the nation:

4. Modesto, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 16%.

5. Merced, California. Rate: 1 in 8 housing units. Rounding out to 80,000 to date. Unemployment rate: 17%.

7. Stockton, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 15%.

8. Riverside/San Bernadino, California. Rate: 1 in 8 housing units. Rounding out to 15,000 to date. Unemployment rate: 13%.

9. Bakersfield, California. Rate: 1 in 9 housing units. Rounding out to 300,000 to date. Unemployment rate: 14%.

10. Vallejo/Fairfield, California. Rate: 1 in 9 housing units. Rounding out to 150,000 to date. Unemployment rate: 11%.

Makes you proud of government in California--thank you Arnold!


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