>> a one-dimensional use of stats won’t present reality.
Your zero-dimensional claim with no supporting evidence (e.g. links) doesn’t present reality either.
So put up, or STFU.
Chicago is not Detroit, at least not yet. Chicago has a fairly good tax base, and people are not leaving the city in droves, not by a long shot. And Chicago has its beautiful lakefront, and a lot of rich people living in the city. And it is not all black like Detroit, it is a potpourri of multicultural residents. It’s tax base is not shot. You are wrong in your assessment, you don’t live here, and you were rather nasty to boot to someone who gave an accurate assessment of the city. By the way, the State of IL is not junk bond status either.
Illinois has lots of problems, but there are a lot of cities that will fall like a deck of cards before Chicago will. Illinois needs to get rid of all Dem rule and then things will get better. However, the Dems have stacked the deck by district gerrymandering, so it will be difficult to get rid of the infestation of Rats. Chicago is a beautiful city with lots of history, and I hate having the city and the state being given such a black eye by the likes of Obama and his thugs having once lived here. I hope Obama retires back to Hawaii from whence he came, or back to Kenya where he was born.
Tick—
If you have been following Detroit (home of the $1 house) at all and know Chicago in any way, I don’t think links are needed.
My initial comments on the flaws of the one-dimensional use of stats were directed at the author of the article, but you seem to have identified with the author, so here you go for links. (BTW my delay in response hasn’t been because there was any difficulty in finding information but because I had kids to put to bed.)
If you want links, have links.
Median household price in Detroit is under $10,000
http://www.freep.com/article/20120624/BUSINESS04/206240311/
Median household price in Chicago is near $250,000
http://www.trulia.com/real_estate/Chicago-Illinois/market-trends/
If your residential tax base is 23 or 24 times higher, you can support a great deal more debt a great deal longer. I’m not saying that Chicago isn’t destined for the great economic sewer, but a doom and gloom article needs to do more homework before presenting it as being just around the corner.
(I’d bet that the commercial tax base shows an even greater differential.)