There are two Chicagos, and Mayor Lori Lightfoot declared her sacrificial commitment to one last week.
In one Chicago, half of the households earn less than $65,000. Forty-five percent own their own home; half of those homes are currently valued at less than $260,000. These homeowners pay property taxes at the second highest rate in the country, and most are seeing home values stagnate or fall. For the remainder of these Chicagoans — those who rent — they are paying an average of just under $2,000 per month for 750 square feet.
Relatively few of these Chicagoans have much in the […]
Full Post at www.realclearpolitics.com