-- Connecting the dots between our economy, government and business --
Rising rents have been a boon for apartment building investors amid a slowdown in new development downtown. Few major projects are on tap to be completed downtown in the next year and a half, boosting the median net rent at top-tier apartment buildings to $3.99 per square foot.
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
This is a bit of good news, for a change. At least one developer apparently thinks the apartment supply shortage that’s pushing rents up makes new construction sensible.
Bet he loses money and lots of it. They can buy existing for much less money, and they will still lose money on that investment. Chicago is not a good place to put money right now. He can buy Chicago bonds and get a higher rate of return until they fail.