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Do You Live In A
Death Spiral State?

Forbes, by William Baldwin

Original Article

Posted By:StormCnter, 11/27/2012 4:30:24 AM

Thinking about buying a house? Or a municipal bond? Be careful where you put your capital. Don’t 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. If your career takes you to Los Angeles or Chicago, don’t buy a house. Rent.

      


Post Reply  

Reply 1 - Posted by: Johnny Angle, 11/27/2012 4:54:09 AM     (No. 9035364)

Rephrase: Do you live in a death spiral country?

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Reply 2 - Posted by: thelmalou, 11/27/2012 5:28:13 AM     (No. 9035376)

Dang...#1 beat me to it. :bleaksigh:


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Reply 3 - Posted by: JLoophole, 11/27/2012 6:21:59 AM     (No. 9035415)

Or to put #1s question another way: What is the federal taker/maker ratio?

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Reply 4 - Posted by: Ecclesiastes, 11/27/2012 6:24:19 AM     (No. 9035419)

It would be a good start if more people knew the difference between investment and speculation.

Buy equity in a business as issued so that the business will have the money to buy equipment, that´s investment.

Buy equity in a business from some other guy and the business never sees a dime of it, that´s speculation.

Really. Try to remember that.


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Reply 5 - Posted by: nonsense, 11/27/2012 7:30:08 AM     (No. 9035495)

Thank you for telling it exactly the way it is, makers/takers ration. I like that smack in the face phrase.

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Reply 6 - Posted by: mickturn, 11/27/2012 1:07:50 PM     (No. 9036183)

Rather do you live in a BLUE State?

The Libs are good at making promises they can´t keep, lying to people for votes and paying off their cronies with OUR money!

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Reply 7 - Posted by: enemyofthestate, 11/27/2012 4:34:04 PM     (No. 9036509)

Can´t wait to move out of California, which is squeezing the middle class out through regulations and taxes. It´ll take some time, but my destination is the very red state where I grew up. And, no, no need to put up barbed wire, because I already have red-state politics.

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