Paul Vallas: How Chicago could fund affordable housing without hiking its real estate transfer tax – Chicago Tribune*

"The plan piles on to an already-suffering sector of Chicago with the marketing 'Bring Chicago Home,' which is simply spin-doctoring. The program would be more accurately called 'Bring Chicago Down.'"
5 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
debtsor
2 years ago

Everyone ignores that importing tens of millions of illegal and packing them into the country’s cheapest and most affordable housing drives up prices for everyone else. It’s economics 101 – high demand and limited supply means higher rent prices.

Robert L. Peters
2 years ago
Reply to  debtsor

Giving them free money for rent is another factor that causes higher rent. I’m guessing less that 5% of our elected officials ever took an econ class.

Old Joe
2 years ago

Bobby Pete, there’s also very few that ever owned a private business let alone worked in the private sector. BJ is the poster child for argument.

6 figures and never produced things or a necessary service….

Corey Howard
2 years ago

These areas don’t need more affordable housing, AH is a liberal scam to enrich their donors, we want homes, we want the American dream, not to live and die in a housing project!!!!

Giddyap
2 years ago

STEP 1

Defund the illegals

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE