Saturday, December 06, 2014

Many of the worst run states in the country are states hit the hardest by the housing crash

The Washington Post reports:
The effects of the housing crash are still being felt across the country. According to a ranking of the best run states, many of the bottom states saw a dramatic decline in home values between 2009 and 2013.

The list, compiled by 24/7 Wall Street, used a number of factors including unemployment, debt per capita, credit rating, and median household income to determine the ranking. Home values fell by at least 10 percent in five of the 10 bottom states: Arizona, Georgia, Illinois, New Jersey, and Rhode Island.

In Illinois, which was the worst run state, the median home value fell by 16.2 percent, the second largest drop in the country. According to the study, more than 137,000 residents left Illinois between 2010 and 2013. Illinois also suffers from the highest level of unfunded pension liabilities and the worst credit rating from Moody’s and S&P.
Will Illinois lose one or two seats in the 2020 Census or will illegals save the day?