Chicago housing market flying into rough skies in 2023 – Loop North News

North Side landlords – especially commercial property owners – are especially nervous because the first installment of the 2022 real estate tax bill is due on March 1, 2023, only two months after the second installment of the 2021 bill must be paid. And rental apartment management is a business designed to make a profit. So, if real estate taxes rise, apartment owners eventually will increase rents. If utility bills and maintenance costs rise, rents eventually will move higher.
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debtsor
3 years ago

So if renters can’t afford to rent in Chicago, and they can’t afford to buy…..

They’re either going to move to the suburbs, or, go homeless!

This is equity. I’m all for it.

Giddyap
3 years ago

Democrats can’t do math — bloated government — and the tax theft that supports it — will drive out the middle class

Poor Taxpayer
3 years ago

Sell all real estate in Illinois and run for your economic life. Crime is going up fast, so run for your life for real.

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