Chicago’s housing market weakest among 25 major world cities – Crain’s*

Chicago ranked as the weakest for the third consecutive year in a rating of the housing market in 25 major cities around the world. Of the 25 cities covered by this year’s which attempts to determine where housing markets are overinflated and risk a downturn, Chicago is the only city whose homes UBS rates as undervalued.
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Ex Illini
5 years ago

The rest of the country has figured it out. Stay away from Chicago and Illinois. The ship is sinking. Send your thank you note for this disaster to Pritzker, Madigan and Lightfoot.

Poor Taxpayer
5 years ago

Government has taxed away your equity.
Not going to get better, it will get worse.
High taxes destroy property values.

Truth in Cook County
5 years ago

The weakness will only get worse if Kim Foxx continues to let violent criminals return to our streets, and Lightfoot continues her verbal beatdown of our police. Who is going to want to always have to be hyper vigilant, and never truly relax? Plenty of other cities and regions in the US offer that opportunity. Unfortunately for us, those two seem to be staying on course. They understand what they are doing, I hope Cook County residents are learning that also. Although, from the lack of public outcry, I doubt it.

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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

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.

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