* 50% of United States foreclosures in 2008 came from 35 counties in 12 states.
* 20% of the United States’ population lives in these 35 counties.
* Eight counties in Arizona, California, Florida and Nevada were the source of 25% of foreclosures.
* 4.7 million homes were sold in February, 2009 alone, and only 860,000 homes were repossessed all of 2008.
* 1938–40: Unemployment grew to over 17%, the Stock Market dropped 89%, and bread lines were real; executives didn’t fly Gulfstreams to Washington, D.C. looking for bailouts.
* 1974: The Stock Market dropped 50%, gas lines snaked around the block, and inflation became stagflation, i.e. inflation in a stagnant economy.
* 1982: Inflation was over 10%, unemployment was over 10%, and the interest rate reached 17% on home mortgages.
* 2009: Unemployment is at 8.5%, there is no inflation, and the home mortgage rate is 4 3/8%. The Stock Market dropped 57%, but it has recently risen from a low of 6400 to over 8000.
Town Hall For Hope with Dave Ramsey
