Foreclosure rates have been rising in New York City over the last couple of years. In my borough of the Bronx the area with the highest rate of foreclosure was in the Gun Hill section. I have personally been to this area of the Bronx many times because I have a number of friends and family members that live there.
Although foreclosure has been happening at an alarming rate in this area, there are not many physical portrayals of this. I saw more abandoned houses and new developement than actual foreclosure signs. In 2008 the foreclosure rate of this neighborhood was 12.5 percent with 21 foreclosures in that area alone. Also, the area is predominantly black and Hispanic with a non-white population of 90 percent (according to the ny times http://www.nytimes.com/interactive/2009/05/15/nyregion/0515-foreclose.html)
Desiree B. Caro
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