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.
The region has little new home building because the region is not growing. There’s no need to build new subdivisions without population growth. The one brightside is that there’s a lot of tear-downs and spec infill housing in areas with higher prices per square foot. Lots of old, smaller ranches being replaced with bigger McMansion type homes in upper middle class areas that attract professional and managers, which is entirely consistent with the demographic trends in the Chicago region. But on the other hand, formerly working class areas have turned, you know, really rough, as illegal immigrants overwhelming communities with… Read more »
Only rent in Illinois. Owning a house is like having herpes. People are fleeing because of high taxes. It is only going to get worse. The pensions crisis is a time bomb, and it is exploding right now. Run for your economic life. The will tax all the equity out of your house and then some.