Latest In

Breaking News

The Influence of Foreclosures on the Election

Did foreclosures play a direct role in the election results? At the Orange County Register, real-estate blogger Jon Lansner thinks so. He matched up states with

Jul 31, 2020
156.3K Shares
2.4M Views
Did foreclosures play a direct role in the election results? At the Orange County Register, real-estate blogger Jon Lansner thinks so. He matched up states with high foreclosures to voting patterns, and came up with this:
States that President-elect Barack Obama won had housing markets in far worse shape than states won by his rival, Sen. John McCain. All told, states carried by Obama comprised 79 percent of all foreclosures – or about four times as many as states won by McCain. His states accounted for 18 percent of all foreclosures.
The average home sales price fell by 9.4 percent in Obama’s states, while they dropped just 1.6 percent in states McCain carried.
I guess that means the old saying that all politics is local has a new twist. These days, voting decisions seem tied directly to a homeowner’s doorstep.
Paolo Reyna

Paolo Reyna

Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies. Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most. In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles