Tonight I read a post about gaining equity in homes written by Nicole Doty - Gilbert Real Estate Expert in Arizona. I'm a smiggin jealous. Our market might be more improved if our economy wasn't still so dismal. Not only are the Lake Sinclair unemployment rates way higher than national averages with Putnam over 8%, Baldwin over 9% and Hanock over 10%, but we have Georgia Power's Plant Branch scheduled to close in just three months and bring more job loss to our area and higher fuel costs with coal plants clossing across the state.
I really don't know what "recovery" people are talking about or that I heard about in the State of the Union address last night. It is NOT here.
Nicole's post got me to go and do a little research to see what end of the "home equity" spectrum we're in locally. I thought it would be higher than the numbers she reported as the hightest "negative by state" numbers in her article and I was right. You can move your mouse to the county in the map of Georgia below and see where your county ranks. Perhaps some areas of our state are going better to keep us out of the bottom 5, but it's not local to our Lake.
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