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.
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.
Ted was on AM 560's The Morning Answer this week talking about how Illinois can save more lives by giving the elderly the COVID vaccine before any other group, the inconsistency of Illinois' destructive lockdown rules, and how Illinois' leadership doesn't appear to have any real plan to bring the COVID crisis to an end.
Ted was on Black and Right with John Anthony this week talking about the how the Biden stimulus will ultimate force taxpayers in well-run states to pay for Illinois' self-inflicted crises, how Madigan's departure might hasten Illinois' decline because big-spending politicians have more power, and lawmakers' failure to pass Pritzker's $500 million tax hike on businesses.
Now that vaccines are finally available, Pritzker is including a host of “essential workers,” at the same level of priority as the elderly and calling it an “equity-centric vaccination approach.” It’s a huge mistake to give all those groups equal priority.
Who is going to move into the newly evicted houses and apartments? LOL.. They will just sit there vacant.
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.
They will go back to the reality of paying the rent or be evicted. The ones to be concerned are the liquor stores.
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.
And Illinois taxpayers will brace for massive catastrophic tax increases.
Don’t worry; no matter what happens, Illinois will always remain 1 notch above junk…