All posts in " Chicago "
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Is Chicago Doomed?

By admin / September 10, 2019

COMMENT: Chicago is at it again. The new mayor, Lorie Lightfoot, is proposing a sales tax for high end professional services such as accounting, legal and investment banking. Can you imagine how fast the business district will be vacant! VL REPLY: Chicago is rather doomed. The teachers wanted to put a tax on all trading […]

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Chicago Trying to Takeover All Power

By admin / August 14, 2019

The environmentalists are working hard behind the curtain to eliminate fossil fuels by nationalizing private utilities. The Democratic Socialists on the Chicago City Council want to “municipalize” ComEd, which has a franchise agreement to deliver power that is due to be renewed. That agreement permits ComEd to operate in the city and went into effect […]

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The Black Hole of Debt

By admin / July 17, 2019

We are facing a serious collapse in government that appears to be shaping up on the horizon beginning 2021/2022. Take the city of Chicago for example. The city is buried under a mountain of city employee pension debt and it’s impossible to see how their city could possibly survive. There will be a major financial […]

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Will Chicago Real Estate Ever Rise Again?

By admin / June 18, 2019

QUESTION: Chicago real estate- is there any future before 2032 or do we hope for a Detroit situation as the only possibility for prices to rise? Thank you! Bob ANSWER: Real estate will rise marginally but only when we see the shift from public to private. However, that will not be a rally in real […]