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A disastrous ripple effect for all of Illinois could follow if the courts allow Gov. JB Pritzker to continue to forbid landlords, in the name of fighting COVID-19, from evicting tenants who simply refuse to pay rent, a group of landlords has argued in a brief filed in an Illinois appellate court.
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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The lady who runs the cafeteria in my office building owns investment property that she rents out – she is sick and tired of having her investment ruined by Pritzker! She wants to know why she has to pay taxes if her ‘tenant’ doesn’t have to pay rent?
What about the ripple effect of bad governance?
This is just the Left doing what the Left does; destroying property rights and the economy.
Under the justification that Pritzker used in this case, couldn’t you make a justification for ANY eviction at any time? Isn’t anyone who is being evicted a hard luck case that has negative consequences for all involved?
Owning property in Illinois is like owning property in a communist 3rd world state. If the unions don’t tax it away from you, the judges and politicians will just eventually make up case law and steal it that way.
It takes months to throw out a bad tenant especially in Chicago. And they don’t get tossed in bad winter weather or generally between Thanksgiving and the new Year. Take everyone who cannot pay and put them in all the vacant hotel rooms especially Hyatt and toss in room service
As a landlord I would not mind giving the tenants if needed a break or reduction on their rent IF in turn I receive a break on my property tax’s. I get no break whatsoever from any taxing body. I pay close to $600 month in tax’s alone plus mortgage/ins/upkeep/etc. I don’t understand what Covid (which is a health problem) has to do with the inability to evict a tenant. If a large company(s) closes down in a normal year and there are many job losses I have the right to ask tenants to move if they cannot pay their… Read more »
These people are completely oblivious to the consequences of their actions. Landlords will now just require greater security deposits, or will force people to pledge collateral, when signing a lease. Or just won’t rent at all because of the increased risk of this kind of nonsense going forward.
I have no faith in the State’s Judiciary or our States ‘so called’ leaders. Pray for the best but prepare for the worst. I pray for my State.
Praying is good. So is moving to another state. They are not mutually exclusive.
I agree with mike. Help yourself by relocating. Illinoisans can free themselves from this unmanageable debt simply by relocating. Your children will thank you.