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Rick

Large expensive homes will no longer appreciate in value in Illinois, no matter what neighborhood they are in. They have hit the knee in the curve. The dwindling supply of buyers for such homes and the exhorbidant property taxes and the fact that the next generation does not value home ownership as much. That generation values more experiencial spending. Also the average age of people in million dollar homes is closer to retirement and who wants to live in Illinois winters during the autumn of their lives. As more of these homes hit the market, those who get out first… Read more »

mike Williams

Yes. If you must live in Illinois for a few more years, switch to renting so you aren’t stuck with a home you can’t sell when the collapse occurs.

mike Williams

I think it’s safe to say that a large majority of the $200,000+ earners are white. So while these states are ripping the cash out of their pockets, their liberal politicians are also calling them racist. Why should successful people stay where they aren’t appreciated?

Hank Scorpio

“Among the five states that experienced the biggest net drop in adjusted gross income – Connecticut, Pennsylvania, New Jersey, Illinois and New York – around half of the income those states lost came from people earning more than $200,000 a year.”

So, about that progressive income tax…

MikeH

If Jabba thinks the exodus is bad now…