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madigans_spooge
1 month ago

Who is going to move into the newly evicted houses and apartments? LOL.. They will just sit there vacant.

Tom Smithers
1 month ago

Not necessarily. Depends on the owners situation family member, friend, or themselves could move in. They could also sell or apartment tower operators can convert to condos.

Regardless the owner saves money not having to pay for the utilities and further, potential damage. They could still rent the place out with incentives lowering the net effective rent. It’s better than $0.

Riverbender
1 month ago

They will go back to the reality of paying the rent or be evicted. The ones to be concerned are the liquor stores.

Wolfnight
1 month ago

All going to plan for the Governor?

Foreclosed assets represent a buying opportunity at distressed prices for those who have money, like Billionaire Governors with offshore investment trusts/companies

A wise man told me earlier this year this was all part of the plan.

Freddy
1 month ago

And Illinois taxpayers will brace for massive catastrophic tax increases.

Hank Scorpio
1 month ago
Reply to  Freddy

Don’t worry; no matter what happens, Illinois will always remain 1 notch above junk…

Last edited 1 month ago by Hank Scorpio