Sub Prime Slime

Oft we think of "sub prime" as the bottom of the barrel types abusing the equity in their home as they lollygag between the bar and the trailer court.

Not so.

Suburbia is the primary culprit and abuser of the sub prime loans. This chart from the Federal Reserve (those of you not familiar with the Twin Cities area will need to know the "inner city" is barely on the map here and it is the suburbs marked in red) shows the prevalence of sub prime mortgages and they're all in the fancier zip codes.



City or burbs, the desire to avoid work, yet still consume what you want runs rampant.