|
12-17-2007, 01:43 AM
|
|
Junior Member
|
|
Join Date: Dec 2007
2 posts, read 2,383 times
Reputation: 10
|
|
South Dakota foreclosures
South Dakota ranks 49th for foreclosures. Reason being RealtyTrac, admits that the company only reports on three counties, Minnehaha, Meade and Brown. Davison county the number of foreclosures has 3X since 2006, and Yankton County has twice as many people lose their homes since 2006.
Foreclosures are skyrocketing in South Dakota and are under reported.
http://www.keloland.com/NewsDetail6162.cfm?Id=0,64318
Legislator who happens to work to be a realtor told the public not many foreclosuers in Yankton. south dakota corruption
Last edited by ElkHunter; 12-17-2007 at 05:20 AM..
Reason: fixed the link so it works.
|
|
12-17-2007, 12:25 PM
|
|
Member
|
|
Join Date: Oct 2007
78 posts, read 71,751 times
Reputation: 65
|
|
|
South Dakota is ranked 49th in foreclosures because there weren't large numbers of new housing starts during the boom period. Consequently, there aren't large numbers of people who purchased properties using subprime mortgages whose variable rates have since reset.
|
|
12-18-2007, 08:26 PM
|
|
Moderator
|
|
Join Date: Mar 2006
Location: So. Dak.
13,375 posts, read 9,705,546 times
Reputation: 13880
|
|
|
Yea, I also believe that part of it is that there was never a huge boom here and most people realize they can't afford a 500,000 house like in many areas of the country.
But I also read the same thing about those stats. It just doesn't give a true picture of it and I wonder if some of the other states didn't have the same type of brief scan of the state.
__________________
Moderator
The Rushmore State, Oklahoma, and Weather
|
|
12-18-2007, 08:33 PM
|
|
Summit Hill, Saint Paul, MN
Status:
"9 DAYS!!!"
(set 15 days ago)
|
|
Join Date: Mar 2007
Location: Twin Cities, Minnesota
3,680 posts, read 3,213,043 times
Reputation: 1624
|
|
|
How can just Minnehaha, Meade and Brown counties prove fact for the entire state? There is a ton of new homes in other counties especially Lincoln, Pennington, and the Dakota Dunes area. Probably more so than in Aberdeen, which is dying, and Sturgis!
|
|
12-18-2007, 10:26 PM
|
|
Livin' The Dream...
|
|
Join Date: Oct 2006
Location: Sioux Falls, South Dakota
2,278 posts, read 1,130,202 times
Reputation: 1162
|
|
|
Aberdeen is the opposite of dying. Tons of new jobs are moving to the area...
|
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
