Foreclosure and Vehicle Ownership Correlation

by Missy Kitzman on February 26, 2010

I  found this to be an interesting tidbit of information.  It’s always interesting to see the connections drawn as problems arise.

In a study entitled “Location Efficiency and Mortgage Default”, the authors analyzed performance data on 40,000 mortgages in Chicago, Jacksonville, and San Francisco, and found that the probability of mortgage foreclosure increases as neighborhood vehicle ownership levels rise.

Makes one wonder what the next correlation will be!

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