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
- 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.
Who is Movoto Real Estate, you might ask? Movoto is an online real estate brokerage based in San Mateo, CA. Our blog has been recognized for its unique approach to city-based research by major news organizations around the world such as Forbes and CBS News.