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The 2012 Federal Deficit in Real Estate: How Much Could $1.1 Trillion Buy?

Movoto knows it's difficult to wrap your head around the country's $1.1 trillion federal deficit. To make it easier on you, we broke down the country's deficit into easily digestible real estate transactions.

David Cross

Content Editor

237 articles, 24 comments



 
During the 2012 fiscal year, the United States racked up a hefty federal deficit—about $1.1 trillion, according to The New York Times. This number can be difficult for the Average Joe and Plain Jane to comprehend. Exactly how much is $1.1 trillion? To help explain what this number means, Movoto Real Estate translated 2012’s federal deficit into digestible real estate purchases.

2012 Federal Deficit

Here is the amount of deficit the federal government racked up in the following periods of time.

  • 1 Year: $1,100,000,000,000
  • 1 Month: $91,666,666,667
  • 1 Week: $21,153,846,154
  • 1 Day: $3,013,698,630
  • 1 Hour: $125,499,144
  • 1 Minute: $2,091,458
  • 1 Second: $34,858


2012 Federal Deficit in Real Estate Terms

  • 1 Year: In one year you could buy almost three out of four owner-occupied homes in Texas
  • 1 Month: In one month you could buy every owner-occupied home in Nebraska
  • 1 Week: In one week you could buy 192 White Houses in Washington DC
  • 1 Day: In one day you could buy the Empire State Building–five times.
  • 1 Hour: In one hour you could purchase the Fleur Lys Estate in Los Angeles, one of the most expensive homes in America
     

    Listing courtesy of Michael Waddington of Michael Waddington

  • 1 Minute: In one minute you could buy nearly three homes in San Francisco, which has one of the most expensive list prices in the country
  • 1 Second: In one second you could remodel your kitchen or two bathrooms.
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posted on: January 23, 2013
33 views, 3 comments

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3 Comments

  1. AngelKitty

    How many houses could the Chinese buy with the debt that we owe them? Take the principal plus interest for one year. Be interesting to see how many states they would own.

  2. Kevin Lane

    Thanks for all that info David. That’s a whole lot of cappuccinos, even at Starbucks!!!!

  3. Kat

    I’ll take one second, could remodel my condo, or one minute would be even better, or better yet, 5 minutes and I could be set for life LOL, this was a cute post !!!

 

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