Stench from Chicago so Bad, Fitch Finally Smells It

Discussion in 'Economics' started by Tsing Tao, Jul 28, 2015.

  1. xandman

    xandman

    Well, most of the people I know nowadays are from the rough streets of Palatine and Bartlett. Some homies in the Southside, too. Lemont, IL. Home of the Western Open I think...rough.

    Norwood Park is still part of the city, right?
     
    #21     Jul 28, 2015
  2. destriero

    destriero


    Sure, the state tax is higher (since the prior statute ran-out), but we're talking property taxes. You cannot compare Menlo Park with Chicago. Rogers Park is still a s-hole, no? I was there six months ago and little in the way of gentrification.

    80% of the state budget (deficit) is spent on pensions, healthcare (Medicaid), and education. They are, for all intents and purposes, Greece.

    I don't know how reliable these numbers are, but they correlate with other sources I have seen in the past: http://www.usgovernmentspending.com/Illinois_state_spending_details.html
     
    #22     Jul 28, 2015
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  3. destriero

    destriero


    Haha, I was born in Palatine and moved to Kenilworth when I was 7. I own two rentals in Bartlett.
     
    #23     Jul 28, 2015
  4. xandman

    xandman

    No wonder, your pissed. You have some major holdings. My uncle is still stinging over Bartlett which took a major hit. Nice place, though. I concede that you will definitely have a better handle on things.

    I am just giving the perspective of somebody who just returned to Chicago after 7 years. Everything is new and fresh again. And, I see some structural improvements. Maybe I just need to experience a full Winter.
     
    #24     Jul 28, 2015
  5. destriero

    destriero

    Well, I was essentially born, raised and educated there (NU and uchicago), so I will always love that town, but living in the Gold Coast or LP is a lot different than commuting from some exurb. I would never do it again (live in the suburbs).
     
    #25     Jul 28, 2015
  6. xandman

    xandman

    You should attend the meet-up next time Barron comes to town. I'll buy you a drink. We'll talk shop.
     
    #26     Jul 28, 2015