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.
Show me the long-term cost-benefit analysis (not that logic holds any sway with Leftists).
Green grifters want to choke off all economic development
“For every $1,000 price increase on a home, you knock out 6,000 buyers.” I find this fact totally unbelievable. I seriously doubt that there are even 6,000 people interested in one property to begin with. I would love to see the data behind this fact.
I’ve seen some graph showing that the increase of the price of a home along with high interest rates increasingly disqualifies buyers based on income.
Does that graph show 6,000 less buyers interested in a home per $1,000 increase in price?
maybe, maybe not, it’s just a curved line!
Of course it will make houses more expensive but will create work where there in none for Illinois’ fine union members. Don’t forget the schools, public buildings, parks etc etc…never let an opportunity for union members un-needed busy work go to waste in Illinois.
Could make housing more expensive?? Is there a question about this? This crackpot idea will definitely make housing more expensive
No new units need in Illinois, people are leaving.