Do You Live in a “Death Spiral” State?
"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. …Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. The second element in the death spiral list is large debts, an uncompetitive business climate, weak home prices and bad trends in employment." Continue reading →