Suburban homes are suddenly selling fast – Crain’s

All over the suburbs, homes have been selling fast in recent weeks, at assorted price levels. Agents in most cases say it’s the result of a long-lingering pandemic that has people realizing their homes are too small and have too little outdoor space to suit the new all-at-home lifestyle that the crisis has prompted. Epochally low interest rates are also a big factor.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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