Home sales, prices continue to soar in Region – Northwest Indiana Times

Dan Coffey, of Re/Max Harbor Country, said the surge is at least partially the result of Chicago residents buying second homes to flee the pandemic before it worsens. “If they live downtown, they’ve had vandalism for the first time in years. They are still making money, and, by moving to Northwest Indiana, they can spend it going out to restaurants without getting sick.”

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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