Indirect Economic Effects of The Subprime Mortgage Crisis - Rise in Home-related Crime

Rise in Home-related Crime

There is concern that some homeowners are turning to arson as a way to escape from mortgages they can't or refuse to pay. The FBI reports that arson grew 4% in suburbs and 2.2% in cities from 2005 to 2006. As of January 2008, the 2007 numbers were not yet available.

Read more about this topic:  Indirect Economic Effects Of The Subprime Mortgage Crisis

Famous quotes containing the words rise and/or crime:

    Carry hate
    In front of you and harmony behind.
    Be deaf to music and to beauty blind.
    Win war. Rise bloody, maybe not too late
    For having first to civilize a space
    Wherein to play your violin with grace.
    Gwendolyn Brooks (b. 1917)

    Crime seems to change character when it crosses a bridge or a tunnel. In the city, crime is taken as emblematic of class and race. In the suburbs, though, it’s intimate and psychological—resistant to generalization, a mystery of the individual soul.
    Barbara Ehrenreich (b. 1941)