Crying going to start pretty soon. May is
Post# of 126826
(Total Views: 197)
Posted On: 04/25/2022 11:19:48 AM
Crying going to start
pretty soon. May is rumored to be a active month with economic indicators not being good.
I think after 2 years of covid ...most many States are bankrupt. In Michigan they went through massive checks and balances before issuing Covid Unemployment. Now after authorizing the payments. They are asking for the money back aka garnishing checks of those still working. Myself after 2 months still waiting on my States Tax return.
I foresee cuts in social services, SNAP and money for schools. After that, roads and public safety. There is no direct fix to these shortfalls other than cuts.
The housing bubble is getting real. Where I live. The owner is opting out of the low- income housing program. Property for sale. If no one buys the contract by June, they are out. They can then raise the rent on new tenants. Those still here are guaranteed their present rent price for 3 years. Catch 22 there are only 2 of us that are not on government assistance, pay full rent and only qualify to live here because we are disabled.
Normal formula is. How much house can you afford? 32% of gross income. $15 per hour x 40 x 52 x 32% / 12 = $832
2-3 bd room apartments are going for $900- 1600 ...Budget breaker. Houses are totally out of reach. Then you have food tripling by December
pretty soon. May is rumored to be a active month with economic indicators not being good.
I think after 2 years of covid ...most many States are bankrupt. In Michigan they went through massive checks and balances before issuing Covid Unemployment. Now after authorizing the payments. They are asking for the money back aka garnishing checks of those still working. Myself after 2 months still waiting on my States Tax return.
I foresee cuts in social services, SNAP and money for schools. After that, roads and public safety. There is no direct fix to these shortfalls other than cuts.
The housing bubble is getting real. Where I live. The owner is opting out of the low- income housing program. Property for sale. If no one buys the contract by June, they are out. They can then raise the rent on new tenants. Those still here are guaranteed their present rent price for 3 years. Catch 22 there are only 2 of us that are not on government assistance, pay full rent and only qualify to live here because we are disabled.
Normal formula is. How much house can you afford? 32% of gross income. $15 per hour x 40 x 52 x 32% / 12 = $832
2-3 bd room apartments are going for $900- 1600 ...Budget breaker. Houses are totally out of reach. Then you have food tripling by December
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I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...