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The latest home foreclosure figures are out, and as noted in this Idaho Statesman article, we have not escaped.
Run your mouse cursor over the various counties shown in dark red in this RealtyTrac map of Idaho foreclosures. You will see that Kootenai County is third highest in the state, behind only Canyon and Ada counties. Kootenai county shows 984 foreclosures with 411 homes for sale.
In a City where the metrics of success are dictated to the elected council and presented without question, this stat will go un-noticed, un-commented, and under the table. We may have home foreclosures, a lack of jobs, and one of the most corrupt city governments in the US, but at least we have lots of ass-ugly public art in Coeur d’Alene.
Comment by Dan — October 15, 2010 @ 1:47 pm
“at least we have lots of ass-ugly public art in Coeur d’Alene”. Dan
Oh, come on! We all love the beautiful multicolored moose which,
adorn the CDA area. Or Mudgy, the moose. 😉 (sarcasm)
(411, homes for sale). I remember, at the height of the RE market there were over 700 homes for sale in the county, with the overall Real Estate no. being somewhere over 6,000 combined properties that were for sale. There is no end in sight, for when the RE market will bottom out.
Comment by kageman — October 15, 2010 @ 3:04 pm
No one will move here unless there are jobs. And we all know that Mayor Bloem said, after the last city election, that her priority this term was “Jobs, Jobs, Jobs.” I trust she’s working diligently to meet that goal.
Comment by Dan — October 15, 2010 @ 3:43 pm
Jobs? Didn’t the city just propose spending $800,000 on energy efficiency for city buildings? They said the payoff would be about 14 years from now. Is that something we should spend money on right now in a budget pinch? Didn’t they just whine that they had to raise our property taxes by $200,000 because they couldn’t balance the budget?
As a small business, I know if we take out a loan for new equipment, we have to pay it back within 5 years because they figure the equip will be obsolete by then. 14 years?
Comment by mary — October 15, 2010 @ 4:49 pm
The tax increase was to give the [over-paid] city staff a 1% raise. The Feds just announced that inflation is flat, so Social Security recipients will be getting a ZERO PERCENT increase in their checks next year. That means retired people in Coeur d’Alene will be getting by on less so that city staffers can get more.
Comment by Dan — October 15, 2010 @ 5:23 pm