-- Connecting the dots between our economy, government and business --
Chicago built new homes at the slowest pace of any of the nation's 10 biggest metro areas last year, according to a new report. It's a long-term result of the highly regulatory climate, low population growth and other local factors, and it is helping fuel fast-rising home prices.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Get used to it Chicagoland. There were years that you could count housing starts in Detroit on 2 hands.
It’s good that builders aren’t building new housing. As many of you have noted, population has been stagnant so it would be irresponsible to build more housing. Probably why our prices of existing homes continues to rise in Chicago. Supply and demand Old Joe.
Illinois and the Chicago area in particular are toxic to investment and will be for the foreseeable future until the political climate changes. Absolutely nothing is getting better, anyone in just about any industry can tell you there are few plans for expansion or investment in this state. No new business = no new jobs = no need for new houses.
But I’ll bet #1 nationally for taxpayer funded $800,000 a unit “affordable housing”….(with therapeutic “sage burn” balcony & grow roof)😅😅
Every Aldercritter has veto power.