Category: Chicago

Chicago’s left behind: Part 2, Those who are gone

5 April, 2016 (10:00) | Affordability, Chicago, Cities, Demographics, Economics, Housing, Municipal finance, Speculation, Zoning |

 By: David A. Smith   [Continued from yesterday’s Part 1.]   As we saw in yesterday’s Part 1, effects always have causes, and if we wait to act until they have become evident even to those committed to denying them, it will often be too late to do much more than mitigate the losses.  Such […]

Chicago’s left behind: Part 1, Those who remain

4 April, 2016 (10:00) | Affordability, Chicago, Cities, Demographics, Economics, Housing, Municipal finance, Speculation, Zoning |

By: David A. Smith A city’s slow death is a hideous thing, and to watch this happen to Chicago is by turns heartbreaking and  infuriating: heartbreak for the people whose hopes, prospects, choices – their whole lives – are undermined by their city’s failures, and fury at the ecosystem of (mis)government that allows this to […]

Month in Review, February, 2016: Part 2, The macro of money

22 March, 2016 (10:00) | Apartments, Bankruptcy, Chicago, China, Cities, Housing, Maine, Micro-units, Mobile homes, Municipal bankruptcy, Real estate taxes, Rent control, Rental, Tiny houses, Venice |

By: David A. Smith [Continued from yesterday’s Part 1.] As we saw yesterday with both the tiny house and the tiny rent-controlled apartment, ecosystems are more complex than they appear on the surface – – and when a half a trillion paper butterflies flap their wings to escape its financial regime, the consequences are felt […]

Month in Review, February, 2016: Part 1, The micro of people

21 March, 2016 (10:00) | Apartments, Bankruptcy, Chicago, China, Cities, Housing, Maine, Micro-units, Mobile homes, Municipal bankruptcy, Real estate taxes, Rent control, Rental, Tiny houses, Venice |

By: David A. Smith So bound up is housing in our conception of ourselves – perhaps it has to do with the trust we place in our space when we close our eyes for unconscious sleep – that inevitably we claim ownership and dominion over those sleeping surroundings, and see in them both expressions of […]

Vote bankruptcy in 2016!

8 February, 2016 (10:00) | Bankruptcy, Chicago, Cities, Homeownership, Housing, Municipal bankruptcy, Politics, Public-employee pensions, Rahm Emanuel, Speculation, US News |

By: David A. Smith   When you don’t pay your electric bill, the company shuts off the power.  When you exhaust your credit card, the company cuts you off.  And when you’re unable to prepay old bond issues, this becomes a problem for you only if you cannot sell new bond issues.  And that is […]