suzanne4sure
25-05-2010, 09:20 PM
I am doing a bit of research on this topic. I have a rental home in a somewhat small area called Port St. Lucie, FL. There have been over 22,000 foreclosures in St. Lucie county since 2008.
Yesterday the city announced they were laying off 164 police and rescue workers within two weeks. That is a lot. Citing lack of revenue due to "unpaid property taxes" a result of foreclosures, they are attempting a restructure to stave off bankruptcy.
Anyone seeing this in their area? As cities and subequently states lose more revenue and are forced to turn to the federal government for "bail outs" as their local economies falter, I see this as an "OPPORTUNITY" for more federal interference. Rahm Emmanuel's favorite word.
Also Port St. Lucie is now struggling with a large number of "squatters" a trend Gerald Celente reported would occur in 2010 and soar in 2011 onward. With so many foreclosed, uninhabited homes this is to be expected. Port St. Lucie has its fair share of murders and robberies as well. Wonder who will be called in to deal with this?
The stimulus paper money is about dried up. The Dow fell below 10,000 today, food prices up, gas prices up, employment down down, you do not need to be a "trends forecaster" to know this is going to be an interesting next 6 months.
Yesterday the city announced they were laying off 164 police and rescue workers within two weeks. That is a lot. Citing lack of revenue due to "unpaid property taxes" a result of foreclosures, they are attempting a restructure to stave off bankruptcy.
Anyone seeing this in their area? As cities and subequently states lose more revenue and are forced to turn to the federal government for "bail outs" as their local economies falter, I see this as an "OPPORTUNITY" for more federal interference. Rahm Emmanuel's favorite word.
Also Port St. Lucie is now struggling with a large number of "squatters" a trend Gerald Celente reported would occur in 2010 and soar in 2011 onward. With so many foreclosed, uninhabited homes this is to be expected. Port St. Lucie has its fair share of murders and robberies as well. Wonder who will be called in to deal with this?
The stimulus paper money is about dried up. The Dow fell below 10,000 today, food prices up, gas prices up, employment down down, you do not need to be a "trends forecaster" to know this is going to be an interesting next 6 months.