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I think Las Vegas,Nevada and Phoenix,Arizona suffered quite a bit due to the housing crash during the recession.I think Detroit got hit hard.I bet some cities in Florida got hit hard too.
I think Florida cities like Tampa and Orlando. Detroit had higher unemployment but that city is used to hardship and despair. Florida for almost all the 20th century was a place where you could move to for a better life. Real estate was the backbone of our economy and it broke.
But I hear places out in Nevada and Arizona have similar stories.
Charlotte suffered pretty bad. Things didn't start improving until around 2013. From 2009-2012 the economy there was absolutely abysmal. I lived there and would have loved to have stayed but I was working a dead-end job despite having a degree and things weren't getting any better. In hindsight, I wish I would have waited it out a little bit longer because things really started to pick up about six months after I left. I was much happier living there than where I live now.
I don't know which city "wins" the title but I can say that Tampa was absolutely walloped by foreclosures and abandoned "zombie" houses, and the job market overall was in the dumps for a while as well. It has made an impressive recovery but still isn't out of the woods.
I don't know which city "wins" the title but I can say that Tampa was absolutely walloped by foreclosures and abandoned "zombie" houses, and the job market overall was in the dumps for a while as well. It has made an impressive recovery but still isn't out of the woods.
There were 40 units in the complex my ex and I used to live in back in south Tampa. 20 of them went into foreclosure and that place is still to this day worth less than what my ex paid for it prior to the crash.
I think Florida cities like Tampa and Orlando. Detroit had higher unemployment but that city is used to hardship and despair. Florida for almost all the 20th century was a place where you could move to for a better life. Real estate was the backbone of our economy and it broke.
But I hear places out in Nevada and Arizona have similar stories.
The Detroit Metro actually has higher incomes than Orlando and Tampa, which are both really low wage cities by any standard.
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