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Chicago homeowners are suffocating under pensions and property tax hikes
Washington Examiner ^ | August 23, 2019 | Orphe Divounguy

Posted on 08/26/2019 6:50:23 AM PDT by C19fan

The nation is more than a decade past the Great Recession, and most places are seeing a strong economic recovery and improved living standards.

Not in Chicago, and not in Illinois.

August statistics from the National Association of Realtors noted the city and state’s real estate market has severely underperformed, a trend forecasted to continue in the third quarter of this year. While the Midwest and the nation as a whole saw a very minor dip in home sales and surging Midwest home prices, Chicago missed the wave. Home sales in the Windy City experienced a 13.3% plunge, and the typical home sale price is barely climbing at all.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; Crime/Corruption; Politics/Elections; US: Illinois
KEYWORDS: bluezones; chicago; pensions; retirement; taxandspend
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To: saleman

There is a solution (from this “damn Yankee”).

The state should increase residency voting requirements for folks moving into the state—like five years, ten years, whatever.

The liberals would squawk, of course, but you have a state to save—no point in being polite about it.


21 posted on 08/26/2019 7:58:40 AM PDT by cgbg (Democracy dies in darkness when Bezos bans books.)
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To: Obadiah
The same dimwitted voters that were drawing those pensions......they cheated their kids and grand kids.....greedy bastards!!!!
22 posted on 08/26/2019 8:04:53 AM PDT by ontap
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To: qaz123

“How about a statistic on what percentage of Chicago is collecting a government check?”

Chicago politics and government is just one huge organized crime family...top to bottom.


23 posted on 08/26/2019 8:14:47 AM PDT by Bonemaker (invictus maneo)
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To: C19fan

Forget it, Jake. It’s Chitown


24 posted on 08/26/2019 8:20:43 AM PDT by windsorknot
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To: C19fan

And most now live in Florida. I can’t believe all the blue state new neighbors I have with their large pensions. They go far in Florida. I’m seriously surprised the blue states don’t add a tax about moving away.


25 posted on 08/26/2019 8:37:36 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: napscoordinator

I know Blue States are very aggressive on people who claim non-residence in the Blue State but still maintain a residence.


26 posted on 08/26/2019 8:40:46 AM PDT by C19fan
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To: C19fan

Good.


27 posted on 08/26/2019 8:41:59 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: SkyDancer; dp0622

>
I think it’s at 47% supporting 53% - have a retired friend who’s on SS and every year when SS gives that COLA (he get’s maybe $22) property tax and other taxes take that away, hadn’t had a real increase in years.
>

What ELSE did you expect from Ponzi schemes??


28 posted on 08/26/2019 8:46:11 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: dp0622; C19fan

>Can a country be a republic and a democracy?

If a loss of Rights\property, an explosion of BIG GOVT & a $200T+ bill via ‘unfunded liabilities’ doesn’t tell anyone the answer...


29 posted on 08/26/2019 8:48:15 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

Point taken.


30 posted on 08/26/2019 8:49:08 AM PDT by dp0622 (Bad, bad company Till the day I die.)
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To: butlerweave

>The other peoples money is running out

With $200T+ in ‘unfunded liabilities’, OPM has run out L-O-N-G ago.


31 posted on 08/26/2019 8:52:49 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

I just did a little reading.

A pure democracy is one where the people vote directly on issues.

And rights can be voted away by the majority.

It says we are a “representative democracy”

I just say if you owe 200 trillion, you’re screwed!


32 posted on 08/26/2019 8:53:00 AM PDT by dp0622 (Bad, bad company Till the day I die.)
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To: Rurudyne

>Confiscate all the bling and gold teefs.

How many SECONDS of big govt spending will THAT satiate?


33 posted on 08/26/2019 8:53:49 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

Social Security is not a Ponzi scheme. You voluntarily enter a Ponzi scheme, SS is mandatory.


34 posted on 08/26/2019 8:54:22 AM PDT by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: cuban leaf; C19fan

>
My annual property taxes, even with a house on 32 acres, is less than $400 in rural Kentucky.
>

Umm, hate to tell you this, FRiend, but you’re RENTING it *now*: If they can TAX it, you don’t OWN it.


35 posted on 08/26/2019 8:55:25 AM PDT by i_robot73 (One could not count the number of *solutions*, if only govt followed\enforced the Constitution.)
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To: i_robot73

Yeah. I get that. But the amount is so low, it’s not worth taking up arms. ;)


36 posted on 08/26/2019 8:57:48 AM PDT by cuban leaf (We're living in Dr. Zhivago but without the love triangle)
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To: i_robot73

Hey, I’m all for these pension funds being dissolved. No bailouts.

But that gold teefs thing ... well, that was an attempt at comedy.


37 posted on 08/26/2019 8:59:28 AM PDT by Rurudyne (Standup Philosopher)
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To: i_robot73

The politicians have long been living on the running bet that they won’t be the ones on the hook when the shit hits the fan.


38 posted on 08/26/2019 9:01:57 AM PDT by Rurudyne (Standup Philosopher)
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To: cuban leaf

“I think more people will simply move away as it gets stupid expensive to rent your own property from the government.”

When ‘the lights go out’ in the big cities, all your sophisticated city slicker cuzzins will come to visit you !

And if they stay out a long time,all the scum will be out to see your place too.......


39 posted on 08/26/2019 9:16:30 AM PDT by litehaus (A memory toooo long.............)
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To: litehaus

Yep. In the end, you can’t hide. You just have to depend on the people like you that live between you and the city to cull the herd.


40 posted on 08/26/2019 9:18:39 AM PDT by cuban leaf (We're living in Dr. Zhivago but without the love triangle)
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