The 20 most miserable cities in America.

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Combine high unemployment, a stagnant economy and basement-level housing prices, and what have you got?
The most miserable cities in America, according to Brookings, of course! The think tank combined every major U.S. city's unemployment rate, level of employment, gross metropolitan product and housing prices to create an index of utter wretchedness.
Nationwide economic progress in the second quarter was "uneven and unsure" and some by measures we're back in recession. The worst cities are clustered in former housing bubble areas like Florida and California.

#20 New Orleans

Unemployment: up 3.2%
Employment: down 14.7%

Gross Metropolitan Product: down 13.7%

Home prices: down 19.5%
#19 Orlando

Unemployment: up 4.8%

Employment: down 7.2%

Gross Metropolitan Product: down 2.6%

Home prices: down 52.5%

#18 San Francisco

Unemployment: up 4.4%

Employment: down 7.4%

Gross Metropolitan Product: down 6.1%

Home prices: down 38.6%
#17 Los Angeles

Unemployment: up 4.8%

Employment: down 8.5%

Gross Metropolitan Product: down 3.1%

Home prices: down 40.8%
#15 Modesto, California

Unemployment: up 6.7%

Employment: down 8.4%

Gross Metropolitan Product: down 0.8%

Home prices: down 65%

#14 Bakersfield, California

Unemployment: up 6.1%

Employment: down 6.6%

Gross Metropolitan Product: down 5.0%

Home prices: down 56.8%

#13 Boise, Idaho

Unemployment: up 5.2%

Employment: down 8.9%

Gross Metropolitan Product: down 5.1%

Home prices: down 46.6%

#12 Detroit

Unemployment: up 3.7%

Employment: down 15.0%

Gross Metropolitan Product: down 13.3%

Home prices: down 46.8%

#11 Phoenix

Unemployment: up 3.8%

Employment: down 11.3%

Gross Metropolitan Product: down 7.3%

Home prices: down 56.5%

#10 Tampa, Florida

Unemployment: up 4.8%

Employment: down 9.9%

Gross Metropolitan Product: down 6.6%

Home prices: down 48.1%

#9 Fresno, California

Unemployment: up 7.2%

Employment: down 8.9%

Gross Metropolitan Product: down 3.5%

Home prices: down 53.2%


#8 Miami

Unemployment: up 5.8%

Employment: down 8.9%

Gross Metropolitan Product: down 6.2%

Home prices: down 52.5%

#7 Palm Bay, Florida

Unemployment: up 5.2%

Employment: down 12.3%

Gross Metropolitan Product: down 5.0%

Home prices: down 55.3%

#6 Sarasota, Florida

Unemployment: up 4.2%

Employment: down 15.3%

Gross Metropolitan Product: down 9.1%

Home prices: down 55.4%

#5 Cape Coral, Florida

Unemployment: up 3.9%

Employment: down 16.9%

Gross Metropolitan Product: down 15.5%

Home prices: down 59.5%

#4 Stockton, California

Unemployment: up 7.2%

Employment: down 10.4%

Gross Metropolitan Product: down 4.9%

Home prices: down 63.9%

#3 Sacramento

Unemployment: up 5.6%

Employment: down 11.2%

Gross Metropolitan Product: down 7.3%

Home prices: down 53.4%
#2 Riverside, California

Unemployment: up 6.2%

Employment: down 12.7%

Gross Metropolitan Product: down 7.3%

Home prices: down 54.6%

#1 Las Vegas

Unemployment: up 7.5%

Employment: down 13.4%

Gross Metropolitan Product: down 12.8%

Home prices: down 64.5%







 
I wonder what they base the % drop in housing costs off. The highest home prices back in like 200X, and then what they're supposedly worth now orrrr

65% home price drop is pretty crazy. The banks or homeowners in that area have to be thrilled
 
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