Thursday, July 15, 2010

"Can you visualize the problem?

Sometimes numbers can be very deceiving....and particularly hard to understand.... Here’s an example that really hits HOME.

It is estimated that 1,000,000 homes will be foreclosed upon this year...and the scope of that problem is very difficult to understand...so I thought I would put this into a different perspective in order to more clearly visualize what this means...
If the average lot size of a foreclosed home... is 100 ft wide... that equals 100,000,000 feet... (one hundred million feet)

1 mile = 5,280 feet...therefore....if these foreclosed houses were lined up side to side...the length would be approximately 19,000 miles.......

That’s the same as... New York to San Francisco...back and forth
7 times........rayray