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Criminal Law

: Crime and Consequences

Crime and Foreclosures

By Kent Scheidegger et al.

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Stop the presses. A politician has wildly exaggerated. ?If you take a one-eighth square mile which is generally the size of a city block in most cities, and you end up with one foreclosure on that city block, two things happen immediately,? [Sen. Christopher] Dodd told two separate radio interviewers. ?The value of every other home on that city block declines by 1% immediately, and the crime rates go up 2% immediately in that square block.? An immediate 2% increase from one foreclosure? Oh, come now. Mark Lieberman, senior economist at Fox Business, dissects this claim here.

Full post as published by Crime and Consequences on April 15, 2008 (boomark / email).

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