Posted on 09/17/2015 11:06:00 AM PDT by tcrlaf
hey the Seattle school teachers just got themselves a near 15% raise....what’s not to love about this economy?
Here in NJ we have a property tax increase cap of 2%, so when teachers get more than that others (sometimes including teachers with less seniority) get the ax. Towns near me are starting to drop their Pre-K programs (often started within the last dozen years) because there is no money for it; others that keep the Pre-K program charge parents (instead of taxpayers in general) for using it.
If they don't have any equity accrued, nothing...
Housing prices never got totally out of control in our flyover part of Illinois. High property taxes and a lack of big money center banks may helped limit the damage. It seems to me home prices have returned to bubble highs because of the low interest rates. With homes priced to perfection, I agree it doesn’t make any sense to buy unless one has a stable breadwinner job..
This strategy for interest rates has been a long term assault on seniors....
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Yes, the policy deprives seniors from receiving a decent yield on their hard earned savings. This in itself is bad enough but...it has also forced some seniors to chase higher yielding investments that are probably not appropriate for them in terms of the increased risk exposure. A sharp fall in the value of an investment can be devastating because you may not have enough time to recoup your losses like a much younger person can do.
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