Posted on 01/19/2011 11:16:06 AM PST by Sprite518
The devastation in some regions will never be repaired. Parts of Oregon, Georgia and Arizona have become progressively more deserted. Since jobless rates may never recover, there is little reason to hope that the populations in these areas will ever rebound.
(Excerpt) Read more at finance.yahoo.com ...
We are, however, not running out of home builders...”
Foe how long? Most builders will not be able to stay in business with little or no customers.
“Since jobless rates may never recover...”
A little left-wing psyops there, conditioning us to accept a permanently bad economy?
The reason Oregon is losing home buyers is because Oregon is losing businesses - they are either going out of business or moving out of state.
The state income tax is 11%. If you are single with only one deduction and are in the 34% Federal tax bracket, combine state + federal + gas taxes = 50% plus for your total annual tax load.
I’m never returning to Oregon. It is a tax Hell.
Like Detroit, red states are being affected. What are the governors doing????
I've always wondered what would turn such a prosperous community into a dirty, run-down town with all its good days behind it.
But I guess the transformation we're seeing right now is pretty much that same story.
The US has plenty of ghost towns.
Despite having no income tax, NV is not a place I would
buy a house either. Hopefully buisness conditions here will
improve.
1) Since SB1070, a lot of illegals have been leaving the state to neighboring California where their benefits are more secure and
2) Californians are not selling out and using their inflated equity to buy in Arizona.
So, the bottom line is we have fewer illegals and fewer imported libs. It isn't all bad.
Good catch, but there is some truth to it. That is as long as Obama and or another heavy leftist is President.
Wait until inflation hits hard. It is very expensive to keep property maintained and pay bills. In the late 1970's neighborhoods all over the country went to seed. It took 10-15 years for things to fully return to affluence.
The baby boomers have long had an appointment with the end of there time, you should read the demographics. No housing recovery is in sight.
Yeah that is expensive.
Sounds like win-win to me!
The tax code has to change.
Sounds a lot like California.
“A little left-wing psyops there, conditioning us to accept a permanently bad economy?”
Nope, conditioning us to accept a new “normal”.
I am gonna be ugly about Georgia (where I live).
Way too much EASY money was made available to lower middle class black families who had NO business financing the homes they did. The office next to mine (I’m on the end of our suite - meaning other side of an interior wall) was occupied by one of those easy money lenders who flirted and cut up with everyone who called — AND he seemed to get them ALL money. He was a flake. HE disappeared along with the housing market.
Anecdotally, MOST of the GA foreclosures in homes 100 - 400K have hit blacks the hardest. Gwinnett, South Fulton, Fayette have ghost towns that used to be middle class black bastions. Decent homes too.
They deserved better. The problem was not their skin color - it was the program and the attitudes behind it.
What the gummint did to those folks is cruel.
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