Posted on 11/26/2012 6:19:48 PM PST by Hojczyk
Dont 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. Dont 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.
Lets 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 Connings ranking.
(Excerpt) Read more at forbes.com ...
I haven't seen anything in the news that suggests that a direct bailout is in the works or even on the radar screen. Pension benefit claw-backs for recently retired and soon to be retired are on the radar screen. It is likely the state legislature will vote after the first of the year.
Yes, ND is booming, but SD is very stable, growing and looking for more growth from a variety of industries.
“She got irritated when I called it the church of the whatever.”
LOL
We’re still taxing pensions too much but that can change. North of Lansing the population really thins out and most of the UP counties have less than 5000 people in them. I live in the far south near Brooklyn but would love to live in the UP.
About the only thing missing in the UP that you have in Alaska is grizzly bears. There are black bears, moose, deer, elk, cougars, wolves etc.
When I die I hope I go to Grand Marais Michigan.
Beverly Hills would work or anywhere you can get a cheap ticket for.
I live in Sarasota, FL; I see the same welchers on the same corners most every day for year after year (signs: Homeless Hungry). I know that my taxes are paying for them to eat and sleep so there has to be a dollar figure for me that makes it worth my while to ship their obama out of here.
Listen, those bums make big $$$$$$$$ out there. I once saw one on one corner, one on the other, a car drove up and dropped out their lunches. It's a business.
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