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To: Donnafrflorida

I sort of think this is the tip of iceberg showing. Wondering where the first truly visible collapse would start showing? Banks, jobs, food?

No, the schools. The forclosures and drop in property values here in Ohio are finally starting to really show in the place most people were not looking...the schools.


31 posted on 01/17/2012 7:13:11 PM PST by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: EBH
Of course the corollary is that school districts, generally, were some of the biggest beneficiaries of the housing price bubble.

Higher property assessments, more money for teacher/admin salaries, more union dues, more Dem campaign contributions...

42 posted on 01/17/2012 7:42:10 PM PST by Trailerpark Badass
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