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The effects of the foreclosure rates here are starting to have a negative effect our crime rate (which was already too high during the good times) and things of that nature. It's starting to drive business out of town. It's all a big circle jerk, as you know
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While no one will argue these facts exist the point we are trying to make is that home ownership was artifically high. If 70 percent of adults owned homes prior to the bust, 50 percent is probably more the norm. To get to the norm you have to see forclosures everywhere...
The people in the forclosure situations are none to bright, and education has an indirect tie to liklihood of violent crime (not a 1-1 mind you as smart people do commit violent crimes, but your more likely to see an intelligent person in an enron type crime).
*note to not make me sound like im putting down a education class of people: Violent crimes are easier to catch, someone with inteligence is probably more likely to think things through and go after harder to catch crimes like money laundering.