-- Connecting the dots between our economy, government and business --
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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As a seller I’ve always questioned why the seller is on the hook for the full broker fee.
Both buyer and seller avail themselves of broker services. It only seems fair that the buyer pay the listing agent’s fee and the seller pay the buyer agent’s fee. The trick will be changing the mindset of buyers who have historically not had to pay a broker fee AND agents long accustomed to the current system.
Perhaps fee negotiation or a sliding fee scale might result. Who knows?
Plain and simple, although the % will no longer be published, realtors will know by word of mouth. If you don’t play their game with 2.5 – 3 5, they will not show your house. Nothing will change.