Controversial ‘Mansion Tax’ could backfire, experts say – Loop North News

Though aimed at increasing affordable housing in Chicago, experts say the tax burden would be shifted to owners of small apartment buildings, forcing them to raise rents and actually decrease the city’s affordable housing.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
mqyl
2 years ago

Wow, that’s surprising. Implementation of harebrained ideas by IL or Chicago pols will have adverse effects on many residents.

Giddyap
2 years ago

Like every other one of BJ’s proposals, it is an economic boomerang

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE