Introduction-Foreclosure Crisis in the United States: Families and Communities at Risk

Using evidence from surveys, they show that, compared to other residents, those living in areas with high foreclosure rates reported significantly lower levels of neighborhood satisfaction and quality of life while they perceived higher levels of physical disorder and crime. [...]although foreclosur...

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Bibliographic Details
Published inSocial justice (San Francisco, Calif.) Vol. 40; no. 3; p. 1
Main Authors Aguirre, Adalberto, Reese, Ellen
Format Journal Article
LanguageEnglish
Published San Francisco Social Justice 01.01.2013
Subjects
Bailouts
Banks
Displaced persons
Families & family life
Financial institutions
Foreclosure
Government waste
Homeowners
Households
International finance
Neighborhoods
Politics
Quality of life
Subprime lending
United States > US
California
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Summary:Using evidence from surveys, they show that, compared to other residents, those living in areas with high foreclosure rates reported significantly lower levels of neighborhood satisfaction and quality of life while they perceived higher levels of physical disorder and crime. [...]although foreclosure rates do not seem to influence residents' attachment to the city of Las Vegas, higher foreclosure rates were associated with lower levels of neighborhood attachment. [...]the combination of a foreclosure-related problem and political cynicism significantly increased support for governmental solutions to the foreclosure crisis and increased levels of political activism, controlling for other factors.
ISSN:1043-1578
2327-641X