[The-Shoveler]

I remember something similar to this occurring in 2009 or 2010,
The police did finally catch up to the party organizers and they ended up in Jail for several years.
Be advised.

[The-Shoveler]

The U.S.A. has been blessed with very unique geographical and resource rich assets that will ensure its place as a first world nation; no other nation has what The U.S.A has.
Really they need us a lot more than we need them. ( I would explain but it would take several hours talking about the Mississippi and other rivers, our food production capabilities, Deep water harbors, untapped resources.. it a very long story).

So anyway good luck with that.

[The-Shoveler]

Small Towns are kind of a national security imperative. ( A lot of these small town airports are Federally funded and serve the Air national guard as well).
Were there ever to be a serious pandemic, the last place you would want to be in is in a high density cityscape.
It’s only a matter of time.
Or something man induced.

[The-Shoveler]

Although I can see the Gov wanting to create higher inflation (say 6-8%) for the next ten or so years.
I can’t see this happening without higher economic activity and higher employment/Higher wages as well.
And I could see where higher interests rates could devastate current low interest long duration bond holders.

In short, personally I don’t see disaster ahead unless Europe completely collapses (which could happen).

Well OK there is one other black swan sitting out there as well, that is the Iran situation, if that turns into a war then things could get bad fast.

[The-Shoveler]

I knew people who left California and moved to Austin because California finance it was so messed up, they thought it would be so much better in TX.
I wonder what they think now?

[The-Shoveler]

TX 2012

Perry, a Republican, campaigned on the strength of the Texas economy and made political hay of the fact the Lone Star state had avoided California’s massive deficit, pegged at $25.4 billion through the upcoming budget year.

Now Texas faces a budget deficit estimated as high as $27 billion for the upcoming two-year cycle of 2012-2013. To close the gap, state legislators have proposed steep cuts in funding to education and welfare programs.

California and Texas are in similar budgetary dire straits following a painful U.S. recession that severely crimped state tax receipts and other critical revenue sources.

[The-Shoveler]

Surprisingly TX seems to be having as much problems with its budget as California has.

There is constant talk of cuts and defects etc…

The little I know of the housing market in TX is that its not so great and if you have a lot of land you are not farming or making use of with the house the Taxes can be quite high.
The Housing market in Austin in particular seems to go through booms and busts more so than the rest of the state.

[The-Shoveler]

[quote=briansd1]I don’t know BG… according to some, it’s about time to leave California, so it might be wise to wait, haha…
.[/quote]

I think a lot of people are freaking out of over the budget issues. Truth is there are a lot of states with even worse budgets (Texas for one of them surprisingly).(Hawaii also unfortunately).
I am no expert but I think we will see some sacred cows slathered before it’s all over.

But Hey maybe there will be a few more great deals to be had as well, I see people move to Vegas all the time (but they really really regret it mostly).

[The-Shoveler]

“The California Public Employees’ Retirement System posted a 1 percent return on its investments last fiscal year, well below its long-term annual target of 7.5 percent. The current long-term unfunded liability for CalPERS is estimated at about $85 billion, and the California State Teachers’ Retirement System is short by about $64.5 billion.
Rice added that California also faces billions of dollars in projected budget shortfalls.”

This puts this about 36% unfunded currently

We would already need long term inflation to be between 6-8% to get beyond the current slow motion train wreck.

this is the true ultimate extend and pretend.

Maybe Poway knows what its doing after all.

[The-Shoveler]

Since most people move every 5 years or so, I put this on the calendar for August 9, 2017,
Lets see where this goes.
Hopefully this blog will still be here and the cast of characters.

[The-Shoveler]

I think that is the general problem with “Special” School districts.
In Valencia, First it was the new developments in Valencia that had the “Special” school district,
Then it moved 10 miles further east, to Saugus Then they had the “Special” School district,
Now for the last ten years or so it is Stevenson’s ranch that has the Special School district.
What does that have to do with SD ? Nothing probably but just saying.
I think Temecula is still running a surplus… Sorry could not help it.

[The-Shoveler]

[quote=bearishgurl][quote=The-Shoveler]The Director of engineering here lives in Beverly Hills HS district.

He does not send his kids to public school.[/quote]

Yes, a lot of parents residing in “the 90210” can afford to send their kids to the finest private schools in LA and even the state!

This is true with the residents of ALL affluent public school attendance areas in CA.

It’s a free country and even freer if you have a great income and/or a lot of money.[/quote]

I would imagine Public Schools in Beverly Hills are a low priority versus say Police.

[The-Shoveler]

The Director of engineering here lives in Beverly Hills HS district.

He does not send his kids to public school.

[The-Shoveler]

Was not trying to comment on SDUSD in particular really.

Just pointing out it’s not just the newer suburbs that are running into this type of thing

[The-Shoveler]

aahh,

BG, you did see the part about there being an even bigger bill due in “San diego unified school district” right ?

[Author]

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