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The Geography of the U.S. Recession
posted by Satri
on Wednesday February 20, @07:12PM
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from the where-in-the-world-can-we-live-happy-forever? dept.
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from the where-in-the-world-can-we-live-happy-forever? dept.
Very Spatial links to an interesting The Economist article on the geography of the U.S. recession (map included). From the article: "A downturn centred on housing will have pernicious effects, even on the regions it hits least. That is because it constrains one of the biggest safety valves in America's economy: people's ability to move. Previous downturns spawned sizeable migrations from recessionary states to booming ones. In the early 1990s, for instance, people flocked from New England to southern states. This time, that mobility is hampered by people's inability to sell their homes. Unemployment may go on rising in California, even though Montana cannot get the workers it needs."
Related Stories
Dynamic Maps of Nonprime Mortgage Conditions in the U.S.
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Both Spatial Sustain and The Map Room link to the dynamic maps of nonprime mortgage conditions in the United States provided by the Federal Reserve Bank of New York. From the press release: "The maps, which are maintained by the Federal Reserve Bank of New York, will display regional variation in the condition of securitized, owner-occupied subprime, and alt-A mortgage loans. The maps and data can be used to assist in the identification of existing and potential foreclosure hotspots. This may assist community groups, which can mobilize resources to bring financial counseling and other resources to at-risk homeowners. [...]" Make sure to see the previous article on the geography of the U.S. recession. Somewhat related are the U.K. debt maps and the housing and homelessness data in Canadian cities entries.
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