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I think it's actually a decent time to buy (saying this as I sit in a commercial building I recently purchased in a south suburb). The tax situation can't get much worse, it's almost mathematically impossible to pay all these pensions, it can only get better from here.

Whether or not the "fair tax" passes will be an important bellwether.

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>The tax situation can't get much worse, it's almost mathematically impossible to pay all these pensions, it can only get better from here.

What? The tax increases are just starting. This year, Illinois is voting to change from a flat % income tax to having marginal rates. Anyone earning any decent amount of money should expect to pay more and more every year in income tax, property tax, sales taxes, tolls, fees for car registration, basically anything that can help increase tax revenue since expenses aren't going anywhere but up also for the next couple decades. Unless benefit recipients die earlier than expected.

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