Did you know that U.S. crime statistics are closely linked to real estate market performance? Especially in any city in America, crime has a direct mathematical correlation with the predicted numbers.
In fact, in California adjacent to Riverside County, one of the 3 worst real estate zones in the recession hit, mostly due to the top of the market and overcrowding during bubble run-up. There was a recent article in the LA Times that indicated an FBI survey that reported that there was a 2.8% increase in crime statistics for every 1% increase in forecasts. Quite frankly, this is just plain terrifying!
Most areas of Phoenix, Las Vegas, Riverside County and Florida have experienced rising rates. Interestingly enough, in California, crowds of people and the state’s financial crisis have left people in prison. So, with California being hated twice, there will be more criminals on the road, crime will increase because of more prediction rates. Why do you ask to have a direct relationship?
Much of this is related to broken window theory. That is to say, if a house has a broken window, or is driven, it seems to be the target of crime, so it attracts criminals. In fact, it also attracts homeless squatters who need more things to steal or the intoxication of the neighborhood to get out of the weather.
Of course, there are all sorts of offenses related to the puck that gets knocked out, which looks down and brings in the wrong stuff. This is what is happening in many of the depressed real estate markets below the recession. Although things are starting to recover, it will be time until all work is restored and everyone is back to work. Then we can expect more crime. Consider all this.