Report: Wall Street Banks and the Growing Housing Crisis (Dec 2011)

More than three years after Wall Street's recklessness crashed the economy, affordable housing options remain out of reach for many in communities throughout the state. The report highlights the surprising number of vacant bank-owned properties, which combined with high foreclosure rates and rent increases, has led to a full-blown housing crisis that continues unabated.

New data in the report includes city-level data on the following trends contributing to the housing crisis:
* Steady number of foreclosures
* High volume of vacant bank-owned properties
* Increasing numbers of homeless
* Surging rental rates

Download reports from the following cities:

Oakland

Richmond

Sacramento

San Diego

San Jose

Los Angeles

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commented 2013-12-27 11:29:55 -0800 · Flag
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published this page in Reports 2012-01-11 06:33:00 -0800

ABOUT US: ReFUND California is a coalition of organizations throughout California committed to exposing the unfairness of the state’s current economic reality and engaging in public campaigns to force the changes that are necessary.

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