A Hilton hotel near O’Hare International Airport sold for 50 percent of its previous valuation this week, marking a giant loss for its international owner.
The O’HareHilton is a major dump. I’d prefer a Ramada Inn. Or something on Mannheim.
Old Joe
3 years ago
It can get worse. Detroit sold homes for a dollar a while back……
Poor Taxpayer
3 years ago
If you inflation adjust the money, the loss is much, much worse. Everyone in Illinois is losing money on property. The greedy state and counties are taxing away your equity. Only one way to avoid it is to leave.
Stewie the Roof Baby
3 years ago
That’s what you get for investing in Chicago. At least he can take a huge deduction on his unrealized loss
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The O’HareHilton is a major dump. I’d prefer a Ramada Inn. Or something on Mannheim.
It can get worse. Detroit sold homes for a dollar a while back……
If you inflation adjust the money, the loss is much, much worse. Everyone in Illinois is losing money on property. The greedy state and counties are taxing away your equity. Only one way to avoid it is to leave.
That’s what you get for investing in Chicago. At least he can take a huge deduction on his unrealized loss