Do You Live In A Death Spiral State?

Discussion in 'Politics' started by WillowTree, Dec 4, 2012.

  1. WillowTree

    WillowTree Diamond Member

    Sep 15, 2008
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    Don’t buy a house in a state where private sector workers are outnumbered by folks dependent on government.

    Thinking about buying a house? Or a municipal bond? Be careful where you put your capital. Don’t put it in a state at high risk of a fiscal tailspin.

    Eleven states make our list of danger spots for investors. They can look forward to a rising tax burden, deteriorating state finances and an exodus of employers. The list includes California, New York, Illinois and Ohio, along with some smaller states like New Mexico and Hawaii.

    If your career takes you to Los Angeles or Chicago, don’t buy a house. Rent.

    Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. A taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector

    Do You Live In A Death Spiral State? - Forbes

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