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t's a tough question to answer, but it's one City Hall must get right as it weighs proposals that could either make Chicago more livable for many or stifle residential construction altogether.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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” Get it right and lower-income people will get new options to stay in town without having to starve their kids. ”
In the era of Trump, there is no nuance, or accurate reporting, just hyperbole and exaggeration.
There is plenty of affordable housing all around Chicago. Its just not in the ‘rich’ areas of town. And it has been this way ever since humans first started building civilization. Housing inside the city walls always costed far more than housing outside of the walls. Just like today, it’s more expensive to live downtown than it is to live in Dunning.
https://www.city-journal.org/gentrification-for-social-justice?fbclid=IwAR2LnUOEzo0muXvIxjKKp_XFpjDo4WdxtYvk2Xe6S7GHzgLuM7NHcz9HmGQ this research on gentrification flies in the face of conventional wisdom. Data dogs will appreciate it but probably won’t change their opinion. The real reason that pols hate gentrification is the wealthier you are, the less you have to cow tow and pay attention to them.
I saw that article too, it says that gentrification doesn’t displace the natural turnover in cities, it merely replaces those who were already decided to move, and in the process, diversifies a neighborhood while raising everyone’s home values. But of course, gentrification is just a white supremacist power structure used to displace the housing of POC. Which, the more I read about people’s views about gentrification, i’ve come to believe that its that POC just don’t want white people living in their communities. The word gentrification is a dog whistle for anti-white hatred and anti-white racism. But they’ve got that… Read more »
You nailed it again, debtsor! We see eye to eye on a lot of things.
And to think, this side of 10 years ago, it was left-leaning hipsters who were leading the gentrification charge.
And it is still left-leaning hipsters leading the gentrification change. It’s not frat boys named Chad from the University of Michigan moving into Avondale and Pilsen and Humboldt. It’s the scurvy looking hipster with the nasty facial hair and the fixed gear bike who is using white power structures to displace POC in these neighborhoods.