Tuesday, February 17, 2009

GO, STOCKTON!! YOU"RE #1!!!!!



Beverly from Phoenix sent me an article about America's 10 most miserable cities and guess who was #1????
STOCKTON, CALIFORNIA - Ghetto Capitol of the world!!!!
Below is an excerpt from the article:

The most miserable city
Stockton ranks in the bottom seven in four of the nine categories we looked at: commute times, income tax rates, unemployment and violent crime. Only New York City has a higher income tax rate than what Stockton, and all California residents, are forced to pay.
Stockton was ground zero for the housing boom and now the subsequent bust. Home prices more than tripled between 1998 and 2005, and then came crashing down last year. Stockton had the country's highest foreclosure rate last year at 9.5 percent, according to RealtyTrac, an online marketer of foreclosed property. Things are not looking much brighter in 2009 as housing prices are expected to fall another 36 percent on the heels of a 39 percent drop in 2008. Also, unemployment is expected to jump to 13.3 percent from 10.4 percent, according to economic research firm Moody's Economy.com.
So, according to this article, things are only gonna get worse there. WOO-HOO!!!!