-- Connecting the dots between our economy, government and business --
Thanks to Kerry Lutz of the Financial Survival Network for having Mark Glennon on to discuss the potentially historic flight from big cities to smaller communities.
Click Here to Listen to the Audio
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Great Interview Mark
I moved from NorthShore Chicago area in 2017 to Colorado Ski town . The real estate markets in all the mountain towns (western Rocky Mountains) are up 40-50% easy from a few years ago .
Demand for Raw land is also extremely competitive in mountains
All big city money that came out during the onset of Covid certainly, but now seeing tax aversion and crime aversion as well. Even during slow autumn months we are still packed with people that never went back to cites and may never TBD
This will continue I am guessing