Indiana Leads The Nation In Foreclosure Of Homes
Let's do the math: The average salary in Indiana is $22,000. The average home cost is $165,000. That means the mortgage payment for a 30 year loan will be around $1,100 a month or $13,200 a year.
That would leave a single bread winner around $9,000 for taxes, food, insurance, utilities, clothes, and the other living expenses.
The government sees this and expects the average Hoosier to:
1. Hold 2 (or more) jobs.
2. Marry and/or have a working partner.
3. Get roommate/s.
4. Have few or no children and save more disposable income to pay higher housing costs.
There are no high paying industries coming to Indiana anytime in the foreseeable future. Indiana will never be the next Silicon Valley. Not all Indiana residents are farmers who could benefit from growing corn or soy beans to use as bio-fuels. What the government must know is Indiana is the Heartland of America. When a State filled with low to middle class citizens falls into poverty and financial ruin, so goes the nation. There may be a change on the horizon, but economically it is not going to be as pretty as an Indiana sunset.
Related Tags: mortgages, defaults, homes, indiana, forclosures, mj ferruzza
Professional actor/writer/director Michael J. Ferruzza has over 1300 professional credits in the entertainment industry.
He is the Managing Director of The Creative Talent Workshop, the Midwest's top training and marketing program for professionals in the entertainment industry.
He has been featured on Fox television, the Showtime movie channel, and the Modern American Homes syndicated television show.
He teaches and counsels new and experienced actors all across the United States. He speaks to schools, colleges and universities.
He is currently working on a new film project.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Metal Detector Can Save Lives
Wars and unexpected accidents have been one of the many issues that have been unavoidable in the liv - Discover How Pool Float Toys Affect Your Summer Vacation
Hot. This is a perfect description what summer is. It is a feel-good time for families to enjoy a nu - Luxury Watch For Your Loved Ones and Yourself
Whether it's a birthday celebration, anniversary, Christmas or even just an ordinary day receiving g - Why Purchase Swiss Army Watches?
Wearing a wristwatch or having a pocket watch is a very important accessory of a person because it t - Personalized Groomsmen Gifts : Engraved Groomsmen Mugs
Giving something personalized for your groomsmen is a wonderful idea to let your friends feel that t - A Few Helpful Baby Shower Tips
Baby showers are wonderful occasions that usually create lasting memory for both expectant parents a - Discount Groomsmen Gifts That You Can Purchase Online
Weddings are special and memorable occasions that should be planned well, and one of the most vital - How to Wear a Knee Boot
A lot of women today are trying to integrate a knee boot into their fashion style because they are a - Wearing a Knee Boot
A knee boot is definitely something you should be investing on most especially during the cold seaso - Finding Cheap Skis
If you are a fan of various water sports, you are probably one of those people who have been in the
Most viewed articles in this category:
- Capitalism Under Attack: Petrodollars, Petroeuros and the Iranian Oil Bourse
"This notion that the United States is getting ready to attack Iran is simply ridiculous [...]. Havi - One Percenters
Hells Angels Inc is the most successful enterprise of its kind in Canada.In 2000 they moved into Ont - Monogamy: Is She My One and Only?
Copyright © 2007 Susan Adams After decades of matchmaking experience, years of being active in - The Best Of Oprah's Favorite Things
Oprah's annual Favorite Things show has been causing a frenzy with fans for the past six years. But - Researching British Soldiers Who Served in the 1914-18 Great War
At In the footsteps BATTLEFIELD TOURS we occasionally receive enquiries about how to trace the recor - Reefer Madness Replaced by Hydro Hysteria
In the 20's there was Reefer Madness, now we have the 21st century version; Hydro Hysteria. Mari - How Can Society Stop Sexual Predators
Perhaps society holds the lowest regard of all for sex predators, those evil men who prey on that wh - Making Communication Work For Your Relationship
Brooke said to Gary, "In our entire relationship, I've gone above and beyond for you … for us. I co - How To Attract And Seduce Women Using The 'Unmask Method'
When it comes to meeting, attracting and seducing women, most guys don't know where to start. But th - How to Keep Your Man Feeling Lucky and Happy
Your Good Man hopes that you will remain the loving, beautiful, feminine, kind, sexy American Geisha