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 foreclosures and drop in property values here in Ohio are finally starting to really show in the place most people were not looking...the schools.
Considering Cleveland has some 10,000 empty homes from what I remember reading. Euclid isn’t doing well at all, and I can imagine its not to good for a lot of the other suburbs right on Cleveland’s boarder. I guess things will start spreading further out from the center at this point and this story sure is giving rise to that belief. Have family in the area, and trying to sell a house is almost impossible. It is going to get whole lot worse.
In my county 80% of the county budget goes to our socialist system of schools. For the state, 50% of the budget is for our socialist schools. It is likely more than that since once a teacher is retired their pension and benefits are merely counted as a government retirement expense and not specifically as a school expense (even though it is).