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.
This eviction ban is going to mean lost money for some landlords because there are a number of people who spend all their money every month and will never be able to pay back rent. Add hiked property taxes, and the result is lower property values, postponed maintenance, etc.
You’re looking this the wrong way. The Landlords are just being asked to contribute their equitable share of rent to BIPOC and others who can’t afford rent. Landlords have $$$, tenants don’t. Therefore, it’s only equitable that Landlords pay for Tenants’ rents during these troubling times. We should all feel good about this shared experience.
I disagee, I think they should pay or face eviction. Especially since there is no stay at home order.
He was being facetious.