Wirepoints’ Mark Glennon on AM560’s Morning Answer
April 22, 2026
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Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
A new study by 24/7 Wall St shows the states where home foreclosure rates are the highest. Illinois ranks ninth, with a foreclosure rate of 1 foreclosure in every 3,753 housing units.By comparison, Missouri has a foreclosure rate that is less than half of Illinois, with only 1 in every 7,112 homes facing foreclosure.
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Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
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Summary and audio linked here.
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
April 3, 2026
9 Comments
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.
Strangely, though, some Chicago suburban markets are red hot. Even more of a surprise, brokers tell me it is fueled by people moving in from CA, NY and other big blue states.
Not good news. Means lots of people are losing their homes. Food and Shelter are the most important thing in life.
What, in Will county (Lockport Township ) when the 2024 property tax bill comes due in 2025 according to the Lockport Assessor there is going to be a 11% increase. We’re I reside taxes will go up anywhere from 900 dollars to 1200 dollars and you think people are losing there homes now, this is absolutely insane and out of control and Springfield sits on there fat ass-s and don’t do a damn thing. Illinois at this rate will be a ghost state and the largest section 8 or whatever it’s called these days in the country.
Totally agree. Here in Rockford the property taxes were for many years more than the mortgage. After the 2008 housing crisis there were somewhere between 5-7,000 foreclosed homes on the market. If the taxes were lower like in Colorado-Arizona-Indiana at 1% or lower most people could have stayed in their homes. They lost their homes because of the excessive property tax bills not the mortgage. The mortgage company would have been willing to work with the homeowner to a degree but if not the property taxes were off limits. Either pay the taxes or lose your home. So most walked… Read more »
And we all thought the 2008 housing crisis was bad wait, from what I understand it’s about to happen again but much worse, this is according to several bankers I know within the mortgage industry. And no it’s not Trumps fault this goes back to several Pryor administrations, nobody learned from the last time the bubble burst.
I’ve been screaming at the top of my lungs now for years we are in the mother of all bubbles, the everything bubble, and it’s going to pop sooner or later. Everything from housing to stocks to beef to eggs to cars to cocoa to orange juice and now gold and even incunabula has been at or near record prices. But the housing market is the king this time around, again. Volume has been depressed levels, last seen in the 1990’s, for two years now, but demand is still high so homes are selling quickly. In other areas of the… Read more »
This time around will be the greatest reset we’ve ever seen, be ready folks.