My daughter lives in Washington DC. Rents are substantially higher. Income taxes are substantially higher. Sales taxes are about the same. Property taxes are somewhat lower than in Chicago, but renters don’t pay property taxes. For all the wailing and gnashing of teeth on this site about how horrible Chicago is, it seems to me that Chicagoans have it pretty good, except of course for the weather.
Low cost of living is indeed one of the benefits of our condition here. But I have to ask you to elaborate on this, as a finance prof: “Renters don’t pay property taxes.” Really? Not even part? Doesn’t depend on particular circumstances? Come on.
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.
My daughter lives in Washington DC. Rents are substantially higher. Income taxes are substantially higher. Sales taxes are about the same. Property taxes are somewhat lower than in Chicago, but renters don’t pay property taxes. For all the wailing and gnashing of teeth on this site about how horrible Chicago is, it seems to me that Chicagoans have it pretty good, except of course for the weather.
Low cost of living is indeed one of the benefits of our condition here. But I have to ask you to elaborate on this, as a finance prof: “Renters don’t pay property taxes.” Really? Not even part? Doesn’t depend on particular circumstances? Come on.
6 of the top 12 wealthiest counties in the USA are in the DC Metro area. Not sure if that’s a good or bad thing. Probably bad.