Towns That Will Be Hit Hardest by Financial Crisis

[thelakelander]

Editor's Note: The cities are ranked by percent of people employed in finance, insurance, real estate, and leasing in 2007 as estimated by Claritas. All cities have a population of at least 20,000 people.

Source: Reinvestment Fund of Philadelphia's PolicyMap (policymap.com)

1. Darien, CT (New York City)
2. Bloomington, IL (Chicago)
3. Hoboken, NJ (New York City)
4. West Des Moines, IA (Des Moines)
5. Garden City, NY (New York City)
6. Summit, NJ (New York City)
7. Westport, CT (New York City)
8. University Park, TX (Dallas)

9. Fruit Cove, FL (Jacksonville)

Share population in finance and real estate: 18.76%
Nearest large city: Jacksonville
Population: 27,773
Median Household Income: $100,479

10. Wethersfield, CT (Hartford)
11. Mountain Brook, AL (Birmingham)
12. Lake Forest, IL (Chicago)
13. Urbandale, IA (Des Moines)
14. Normal, IL (Chicago)
15. West Hartford, CT (Hartford)
16. Newport Beach, CA (Los Angeles)
17. Westchase, FL (Tampa)
18. Rockville Centre, NY (New York City)
19. Naples, FL
20. Ridgewood, NJ (New York City)

http://images.businessweek.com/ss/08/09/0925_crisis_towns/index.htm?campaign_id=msn

[kramer2k]

$100K median household income?  Wow, I had no idea it would be that high.  I didn't know Fruit Cove was a financing and insurance hub.  Interesting...

[thelakelander]

I don't think it is.  I guess they are attempting to make the claim that a significant amount of people living in the area work in the financial, insurance and real estate industries.

[Hippodamus]

How do you know lake?  Have you ever been in the Cove?  It parallels the river and is accessed from the South via a Scenic Hwy.  I'm surpised it's not more.  Smitty's Bar should still be on the corner of 13 and racetrack...Swill on boys! 

[thelakelander]

The Editor's Note at the beginning of the article stated how they came up with the list.  I've been down there a couple of times throughout the years, but I have no idea of what Fruit Cove's actual boundaries are.  The last time I was down that way, I had dinner at an Irish pub in Bartram Walk.

Editor's Note: The cities are ranked by percent of people employed in finance, insurance, real estate, and leasing in 2007 as estimated by Claritas. All cities have a population of at least 20,000 people.

Source: Reinvestment Fund of Philadelphia's PolicyMap (policymap.com)

[Ocklawaha]

It's also got a defunct fish camp, 3 trailer houses, 38 regular homes and 79 dogs...

Sic Em Fruit Cover's...

Go BOYZ

BRING DOWN THAT BIG OL APPLE!

OCKLAWAHA
The Confederate Revolutionary

[Ocklawaha]

WEIRD, note that Miami - Bank and Finance cross roads of North-Central and South America is going to be just fine? That sends up a flag...

CHARLOTTE, which has built it's new city on banking and finance is also going to weather this storm intact?

But Fruit Cove Isn't?

LAKE this just smells to high heavens.

OCKLAWAHA

[RiversideGator]

Agreed.  This is bunk.

[fightingosprey07]

I think you guys are reading too much into this. Most of the cities listed are suburbs of major banking centers, presumably where large numbers of banking and finance employees from the major cities live. They are not implying that Fruit Cove is a banking center, just that a lot of banking and finance workers live there.

[Jason]

Fruite Cove runs from Julington Creek, south to Roberts Road, east to the St. Johns, and west towards I95.  There are quite a few people in that area.  I assume the "Julington Creek" subdivision is part of Fruit Cove.  South of that, along SR13, is Switzerland.

[Ocklawaha]

Fruite Cove runs from Julington Creek, south to Roberts Road, east to the St. Johns, and west towards I95.  There are quite a few people in that area.  I assume the "Julington Creek" subdivision is part of Fruit Cove.  South of that, along SR13, is Switzerland.

Even with Julington Creek, this is hardly "Metropolis," these guys must get their data from the "WEEKLY WORLD NEWS."

OCKLAWAHA

[thelakelander]

I agree with fightingosprey07, you guys are taking this list too seriously.  Its just a list of suburbs that have a high percentage of residents employed in struggling industries.  In the event layoffs occur, there could be problems.

[Bostech]

Maybe they hired one of those Acorn registration workers to make list of towns.