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America’s Most Miserable Cities

Feeling
miserable today? Maybe you live in Miami, Florida. The city – famous for
mega-million mansions and South Beach clubs – has just gotten the unenviable
title of America’s Most Miserable City.

Forbes Magazine took a look at 10 factors (including violent crimes,
unemployment rates, and foreclosures) for the 200 largest metro areas
in the United States to find the 10 most miserable cities in America.
See if yours make the list:

Miami, Florida
The housing crisis has devastated Miami with 47% of homeowners sitting
on underwater mortgages. Foreclosures have been rampant with 364,000
properties in the Miami area entering the foreclosure process since
2008 according to RealtyTrac.

Detroit, Chicago
Detroit has closed schools and laid off police in an effort to avoid
a bankruptcy filing this year. Home prices are down 54% the past three
years, worst in the U.S. The median price was $38,000 last year in the
Detroit-Livonia-Dearborn metro division.

Flint, Michigan
Flint razed 775 abandoned homes in the year ending October 2011, to
try and change the city landscape. The state of Michigan appointed an
emergency manager last year to take over Flint’s budget and operations.
Crime remains a severe problem with the violent crime rate the third
worst in the U.S.

West Palm Beach, Florida
South Florida has long been stained by corruption. One of the latest
examples: Jose Rodriguez, the mayor of Boynton Beach (part of the West
Palm metropolitan division) was suspended from his office last month
by Gov. Rick Scott after he was arrested for allegedly using his position
to obstruct a child abuse probe involving his wife’s estranged daughter.
Home prices in the West Palm area are off 50% since 2006.

See the rest at Forbes: Link
(Photo: Shutterstock)


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