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Author: Banksy ✸🐝 HONORARY
SHREWD   😊 😞
Number: of 77764 
Subject: Foreclosures Hit Highest Level In 6 Yrs
Date: 05/05/26 10:14 AM
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No. of Recommendations: 10
Is this Mamdanis's fault or Elizabeth Warrens fault?...

"Foreclosures rose to the highest level in six years in the first quarter of this year as homeowners are squeezed by rising costs related to insurance and property tax bills."

"118,727 properties were in foreclosure nationwide during the first three months of 2026, up 26% from a year ago and the highest number since 2020."

"For cities with at least 200,000 people, the South was hit hardest. Two Florida cities, Lakeland and Punta Gorda, had the two highest foreclosure rates in the country, followed by Columbia, South Carolina; Fayetteville, North Carolina; and Macon, Georgia, ATTOM reported."

America First...
in foreclosures.

https://www.aol.com/articles/foreclosure-rates-cli...
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Author: Steve203 ⎊🐝  😊 😞
Number: of 77764 
Subject: Re: Foreclosures Hit Highest Level In 6 Yrs
Date: 05/05/26 10:40 AM
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As we know, the "supply side economic miracle" of the last 40 years was built on getting the Proles farther in debt. Enter Bill Pulte's 50 year mortgage, so the Proles can go even father in debt, and still make the payments. A replacement house window company here in metro Detroit is now offering 84 month financing.

Steve
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Author: onepoorguy ⎊🐝  😊 😞
Number: of 77764 
Subject: Re: Foreclosures Hit Highest Level In 6 Yrs
Date: 05/05/26 10:43 AM
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Just to be pedantic, property taxes aren't federal. They're local (in Arizona, it's the county).

I do find it interesting that the locales quoted are most likely bastions of MAGA (e.g. FL, SC, GA). Those also are near hurricane alley, so that could be having an effect (insurance).
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Author: wzambon ✶🐝 HONORARY
SHREWD   😊 😞
Number: of 77764 
Subject: Re: Foreclosures Hit Highest Level In 6 Yrs
Date: 05/05/26 10:44 AM
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this Mamdanis's fault or Elizabeth Warrens fault?...


It’s Biden’s fault.

And before Biden?

Obama’s fault…. And Bill Clinton’s fault.

But never fear. Capital and housing are returning to their rightful owners!

As Jesus said: “Blesséd are the rentiers, for they shall inherit the earth.”

(And then they will turn around and charge the rest of us for living here)
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Author: Steve203 ⎊🐝  😊 😞
Number: of 77764 
Subject: Re: Foreclosures Hit Highest Level In 6 Yrs
Date: 05/05/26 11:00 AM
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I do find it interesting that the locales quoted are most likely bastions of MAGA

Not just mortgage defaults. I asked the net sifter about auto loan defaults:

States with Highest Auto Loan Delinquency/Default Rates

Based on recent 2025–2026 data, the following states consistently show the highest rates of delinquent or defaulted auto loans:

Louisiana: Frequently ranked 1st or 2nd, with high rates of both early (30 days) and late (90+ days) delinquencies.

Mississippi: Top-ranking state for overall delinquency rates (reaching up to 9.8% to 13% depending on the study).

Georgia: Consistently ranks among the top states for delinquent borrowers.

West Virginia: High delinquency and default rates reported.Alabama: Shows high delinquency rates (roughly 9%).

Texas: High balances and high delinquency rates

Yup. Predominately MAGA areas. Low income. Low education. Then a demagogue tells them how they are victims, and they flock to his banner.

Steve
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