"Don’t 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. 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."...............................
Has anyone run the math on if the US is in a death spiral? Federal employees are getting a pay raise and less Americans are working now than in 2008. And will Colorado become a death spiral state now that the Dems are in total control like California.
Thomas Sowell: There are no solutions, just trade-offs.
