Category: Chicago

https://www.wsj.com/real-estate/too-many-vacant-lots-not-enough-housing-the-u-s-real-estate-puzzle-2aa19733?mod=hp_lead_pos7\ In Chicago there is “not enough housing” but there are “too many vacant lots.”hmmmmmm WSJ Reasons: Cumbersome rules to resolve unpaid tax bills on abandoned lots keep away developers, and cheap tax assessments on vacant lots encourage owners to keep them off the market. These are the perfect conditions for a downward housing spiral,…