What we’ve been reading the last week or so…
The Second City is Becoming Second-Home City. I’m seeing this up close…we’ve had two closings in the last month where older, empty-nesters are buying second homes in downtown Chicago. Interesting commentary from a Swiss family who loves the vitality and affordability of Chicago and it’s easy to commute anywhere in the world. Chicago’s cool again.
Tax Bill Appeals Taking Rising Toll on Governments. Well you knew this had to come, right? I’ve been impressed in my local community we’ve seen many municipal workers agreeing to not take pay raises and the like to control costs. I don’t know much about municipal governance but many local taxing bodies are capped at a 5% increase aroung Illinois so there may be more blood in the streets.
Paper Avalanche Buries Plan to Stem Foreclosures. Just had to throw this in here…yada, yada, yada, yada multiplied by 50. A blurb exemplifying the problem:
Ms. Montenegro, an intern at a local company that seeks loan modifications, dials Washington Mutual to check on the status of an application for a homeowner whose income has plummeted. She endures a Muzak-scored purgatory while on hold. Syrupy-voiced customer service representatives chide her for landing in the wrong department. She learns that the documents her company sent in have simply vanished — for the third time since November.
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