Posted on 11/26/2012 6:19:48 PM PST by Hojczyk
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.
Let’s say you are a software entrepreneur with 100 on your payroll. If you stay in San Francisco, your crew will support 139 takers. In Texas, they would support only 82. Austin looks very attractive.
Ranked on the taker/maker ratio, our 11 death spiral states range from New Mexico, with 1.53 takers for every maker, down to Ohio, with a 1-to-1 ratio.
Conning rates North Dakota the safest state to lend money to, Connecticut the most hazardous. A state qualifies for the Forbes death spiral list if its taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s ranking.
(Excerpt) Read more at forbes.com ...
Ping for later
How do you do that there telecommutin’ thing anyway? I set here and I think real hard about where I wants to go but I don’t never seem to git nowhere, I winds up settin’ right here where I started at.
I moved to TX last year and from what I can detect Austin is very liberal while So TX is heavily Dem as is the Big Bend area (artsy phartzy)but oddly enough Harris County (Houston) split evenly between Romney and Obama.
Austin and inside the loop on Dallas, Fort Worth, San Antonio, and Houston. Throw in the counties along the Rio Grande for obvious reasons.
When the low life totally destroyed the inner city, it took a long time, BUT, it finally revived, investors bought on the cheap and turned it around. Great medical centers, hospitals, then luxury Apts., and Condos, Riverwalks, etc. VERY VERY nice.
I am sure some investors are already viewing Detroit for the same. There are Casinos there, right? So that is a draw.
Low life moving out the the suburbs, we're moving back to the city. rofl. As soon as they destroy the suburbs, we'll buy it back on the cheap, maybe one day they will understand the concept of TAKING CARE OF YOUR PROPERTY. That's life. rofl
” Just have to wait to see what will happen to all the welfare crowd, maybe they can be driven out.”
Do a 180 in your thinking. Offer them candy ($); they’ll be happy to leave.
There is a lot of wealth in the suburbs surrounding Detroit. My brother in law makes 6 figures working right downtown in Detroit. Apparently a lot of the bigwigs at the company he works for are happy that a new patent office just opened and believe it will attract work for them and ease the patent process for everyone.
“I used to talk to an Austin girl online (an artist). She claimed she was a conservative but When I told her I lived not far from Ann Arbor she said she had always wanted to go there.”
Nice job outing her. I guess the “artist” part must have gotten your antenna activated.
“The guy goes from friends to friends homes looking for places to stay.”
Yes, but look at it this way: one guy puts that in his online dating profile, and another guy says he is an “artist who embraces the bohemian lifestyle”. Who do you think gets more interest from the ladies?
She called herself “spiritual” but then she told me that she goes to a Unitarian church.
She got irritated when I called it the church of the whatever. Course, I’m Methodist so I can’t really criticize.
Who cares, these states have lived beyond their means for years, now the chicken’s come home to roost. So what let them go under, and the people dumb enough to buy their bonds. Good Riddance
NY..... o ya.
well then the next problem is where do we divert them too. Buy them a one way bus ticket to beautiful beverly hills, Calif.
Damn. My wife and I are looking for places to retire to... and this looks absolutely gorgeous. And after living in the Alaska Interior for most of my adult life, anyplace will seem warm in the winter. However, those photos are fabulous. We were seriously looking at the Upper Peninsula as a nice place in which to settle down... how’s it for retirees?
I’m in CA, so hell yeah we are on the losing list.
Now that is good. Damn good ;-)
The Obama crunch is at hand.
Connecticut used to have the highest per capita income of all the states. The Leftists have spent us into near oblivion.
You can’t really blame Austin. It’s Balcones Fault.
I used to live in the middle of and very close to Texas.
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