The Thriving Investor Success With Investing
According to rankings released by WalletHub, Detroit emerged as the worst city that a person can live or invest. The city has a large percentage of people living below the poverty line and it also has the least number of weekly hours. The statistics also indicated that more than 160,000 homes in Detroit have been foreclosed since the year 2002. Other cities facing similar crises were California, Miami, and Long Beach.
Miami fared poorly in areas such as safety, economy and affordability but it was ranked top 12 among those cities with good quality of life. Most people in Miami cannot afford to pay mortgage because the average income is $31,051. Therefore, only 31 percent of the people own a home in Miami. Long Beach is another city with a similar calamity. It is among the most expensive cities to live in and only 40 percent of the people own a home. However Long beach was ranked among top 3 cities with safety and education/health. Other cities ranking poor include Tennessee, Memphis, Fresno, California, California, St. Louise, Baltimore, Santa Ana and Cleveland.
For more info checkout this article: http://www.dsnews.com/daily-dose/07-27-2017/10-cities-primed-foreclosures?utm_content=buffer0da92&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer