$15 million city pilot will help South Shore condo owners fund repairs, CBA coalition argues measure falls short – Hyde Park Herald

This fund comes at a time when the ongoing construction of the Obama Presidential Center and renovations of Jackson and South Shore parks are heightening concerns about gentrification.
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Ataraxis
3 years ago

So these condo buildings, which are directed by a board of condo residents who know what issues their building has, defer their maintenance to the point that their neighbors now have to pay for their maintenance! A willful and self induced problem.
That’s the basic problem with condos, especially in unstable Chicago, the monthly assessments constantly go up every year, but the value of the condo does not. The lesson is to not buy a condo.

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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

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