Paul Arena, of the Illinois Rental Property Owners Association, said Illinois is not landlord-friendly, so fewer are remaining in the industry. “The state legislates us like they’re angry at us, like we’re a constant problem and a nuisance, so there is little regard given in the state legislature for the point of view of the small housing provider."
“Illinois is not landlord-friendly, so fewer are remaining in the industry.”–Paul Arena Small housing providers have been abused and stripped of their rights in Chicago and in the state of Illinois. It makes no sense to invest in a two-flat or three-flat anymore, especially in a lawless city like Chicago. In a different era, two-flat ownership used to be a way for the lower middle class to get ahead. It was never a passive or easy endeavor–maintaining a building and being a fair landlord require sacrifice and hard work. In a different era, there were still honest tenants around who… Read more »
Giddyap
2 years ago
Who could have predicted that when you over-regulate something you get less of it.
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.
“Illinois is not landlord-friendly, so fewer are remaining in the industry.”–Paul Arena Small housing providers have been abused and stripped of their rights in Chicago and in the state of Illinois. It makes no sense to invest in a two-flat or three-flat anymore, especially in a lawless city like Chicago. In a different era, two-flat ownership used to be a way for the lower middle class to get ahead. It was never a passive or easy endeavor–maintaining a building and being a fair landlord require sacrifice and hard work. In a different era, there were still honest tenants around who… Read more »
Who could have predicted that when you over-regulate something you get less of it.