BigHornRam
Well-known member
Some interesting information. Not sure how accurate it truly is. Appears that fast growth areas, and large metropolitan areas are at most risk. Florida, California, and Arizona don't look good.
Housing Risk by County Map
- Thread starter BigHornRam
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elkduds
Well-known member
@Oak , @marksjeep , @Phaseolus , Mesa County representin'. Which is whack, where TF are Pitkin, Routt and Eagle counties with all their trophy mostly empty vacation homes and no housing for locals?
BigHornRam
Well-known member
Like Teton County in Wyoming, likely few of those expensive properties have mortgages on them. So not really any risk of foreclosure.
2rocky
Well-known member
So highly leveraged homes....How many of those are because of Home Equity Lines of Credit to do a remodel, or pay off credit cards, or invest in toys that depreciate? I'm not innocent in that realm but access to easy credit has folks over extended. If you want to Make America Healthy Again start with mandatory credit counseling for anyone with a Debt to Asset Ratio over .4.
marksjeep
Well-known member
The article that the map is from is paywalled. But there are certainly quite a few new subdivisions going in, especially Fruita area. At least that's where I see them in my travels. I'm sure there are other areas in the valley growing as well. High risk? IDK. I don't see how any of the homes will help with affordability issues, none of them appear to be "starter" homes. Perhaps that weighs into the risk?
Phaseolus
Well-known member
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- Apr 26, 2014
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Row crop farming is barely making a living for most farmers in this valley, especially the smaller farmer. Growing fruit is still profitable, that's why more growth is taking place in the lower valley, ie, Fruita. Of course there is also a lot more land in the Fruita area.
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