In the year that just ended, sales of high-end homes surged to a new record in the Chicago area, climbing past the old benchmark by almost 15%. Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case
November 5, 2026
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Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
Tony Pritzkers home in LA took a $40 million price cut, per Crains. These sale amounts in Chicago are chump change for that family, except JB, who takes out toliets to screw taxpayers. He cannot relate to the pressure on everyone else in housing costs and taxes to perpetuate the grifters. So he, and apparently his buddies at Crains, will continue to point to homes that have sold on the high end and carelessly question why everyone thinks Illinois is in the toilet.
A tale as old as time. Median home sales prices and volumes decline while high-end homes booms, masking an overall declining market. Soon the rich will stop buying too and then the bottom drops out. it’s taken several years to get here but it’s happen.
The rich will always be buying. The middle class will disappear..
The housing market is repeating what happened in 2007 and 2008. The low end is gone. The regular buyer with a normal income and okay credit were priced out. Then the middle class quit buying and that has already happened. Sales are way down overall and realtors are hurting bad. Right now the rich are still picking up the high-end stuff because they can still afford it. But the rich don’t stay rich by blowing all their money. History is full of wealthy people who go broke slowly at first and then all at once. Even today, prices are getting… Read more »