"The (Johnson) administration’s numbers simply don’t add up. Spending hundreds of thousands in subsidies to produce a handful of units is unsustainable. Chicago needs a cohesive plan that expands available housing by removing regulatory barriers, enabling more homebuilding, and supporting the rehabilitation of vacant properties — all while protecting residents from gentrification through property tax stability."
High rents are a symptom of the larger problem, which is caused primarily by loose money, which is expressed in many ways, from money printing like during covid to lowering credit standards. The federal government, under the guise of home ownership, was practically giving away loans to any green card holder with 3.5% down. Real estate prices are set on the fringes, so it only takes a couple of bozos to outbid everyone else and drive up housing prices. Biden was giving priority FHA loans to non-permanent residents. Your children cannot buy homes in your town because Biden gave non-permanent… Read more »
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.
High rents are a symptom of the larger problem, which is caused primarily by loose money, which is expressed in many ways, from money printing like during covid to lowering credit standards. The federal government, under the guise of home ownership, was practically giving away loans to any green card holder with 3.5% down. Real estate prices are set on the fringes, so it only takes a couple of bozos to outbid everyone else and drive up housing prices. Biden was giving priority FHA loans to non-permanent residents. Your children cannot buy homes in your town because Biden gave non-permanent… Read more »