predicting the future
The global economy is crashing, credit markets are playing ice age, and you consumers have a simple choice: buy things now or prepare to be stabbed next year.
Municipal ledger hounds are worried that local governments will slash services as the imploding housing market chokes off access to lucrative property tax revenue. The New York Times visited the future retirement destination of its readers, South Florida, to see firsthand the devastating affect the subprime meltdown can have on communities. For anyone who says “What housing crash, my community is fine,” hop across the jump for a look at your potential future.