Illinois’ mortgage delinquency rate highest in Midwest amid largest spike in state’s history – Illinois Policy

Illinois was the only state in the Midwest with housing markets among the 50 counties in the U.S. most vulnerable to the COVID-19 shock. This is because Illinois already had a large number of underwater homes as well as the second-highest foreclosure rate in the country as of February 2020.
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Locke
5 years ago

Another instance where maybe the disease is preferred to the cure. Democrats, behold your success!

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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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