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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (13013)	8/23/2003 1:53:58 AM
From: portage	Respond to of 306849

Some reasonable points from you as usual, Les, but reasonable ideas don't seem to do too well here lately. Wouldn't surprise me to see both auto and health insurance ending up as single payer deals in this state, but only when they reach a crisis stage. The residents here seem to prefer a high level of services that someone else pays for, and when that fails, find the nearest politician or scapegoat to blame it on. Reforming workmen's comp is another needed step. I've seen plenty of people abuse it as if it's a right to a 5 month vacation. The bond rating plunge and realization that you can't keep borrowing your way out of a hole are going to be the next wakeup call here, imo. That will lead to more cuts in services, and higher taxes, no matter where they try to hide them. High housing costs go hand in hand with higher salaries and higher costs of living, and much of the gov't budget goes to paying for salaries and services. At some point, something's gonna give.