After reading this news story that half of Americans are skipping meals because of affordability and a bad economy, I have to ask how are you all doing out there?
I heard from a real estate agent friend of mine that REOs, i.e. bank foreclosures on home mortgages, are going up like crazy, which is a sign of bad times, like the recession of 2007-08.
I have heard from others about rents not being paid, lack of jobs, etc.
Every day, there’s more news of corporate layoffs, moreso than usual.
I live in the economic bubble of the SF Bay Area, where tech wealth more-or-less insulates me and mine from the most serious consequences of a bad economy, but how are things elsewhere?
Well living on the south coast is more affordable than London, air is a bit cleaner too. Downside is lots of reform scum.
Council tax is something each household has to pay, houses are in different bands depending on their price in the 90s. Though the tax range is fairly narrow compared to the value range of houses. House could be 100x the cost of mine yet the tax would barely be 3x as much.