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Still, the median asking rent is $322, or 20%, higher than it was three years ago in the early days of the pandemic. While rents are falling, Redfin agent Dan Close said prices are simply returning to normal.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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To go along with Chicago sky-high prop taxes and everything else, you have to assume all new planed apartment towers going up in loop/west loop, the 78, Lincon Yards are DOA
The median asking rent isn’t $322, it’s $1,322.
It’s Only April and Over 10,000 New Yorkers Have Already Moved to This State (msn.com)