Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

The Cost of Universal Health Care

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Oh puke...
"Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state's top earners and possibly pressuring small-business owners to shed workers. " (New York Post)
Yeah, that makes sense. While companies are laying people off in an effort to save any money to stay in business, let's take more money from them and make it more expensive for them to employ people. That's brilliant...

(I'm not saying that nothing should be done about the Health Care System, just not this, not now)

Buying a House

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If you're thinking about buying a house right now... read this article first! It says that it's still not a good idea... not yet. It talks about the housing crisis in general, the causes of said crisis, possible solutions and gives some basic formulas to use to know when it's a good time to buy:
For a rough indication of the wisdom of buying a house, look at the yearly-rent/price ratio for the model of house in question:

3% = do not buy
6% = borderline
9% = ok to buy

(Courtesy of Boz Millar)