Thursday, February 7, 2008

Debt Trap Mass Exodus

CBS4 is reporting on Miami's Middle Class Exodus.



In Broward County, foreclosures in 2006 were 8,995; in 2007, it was 23,476. For Miami-Dade County, there were 9,814 foreclosures in 2006; in 2007, there were 26,338.

In April of 2005, the Miami-Dade Housing Authority created a list for anyone who needed affordable housing. Forty-thousand people signed up. Three years later, 25,000 on the list are still waiting for a phone call.

Patrick Mason owns "Carolina Living," a magazine that markets to people from out of town. His research shows for the first time ever that Florida is now the number one exporter of people to South Carolina.


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