14 karma · joined October 14, 2018
This makes working hard/smartly in order to be able to do this incentivizing. Rather than just sitting back and enjoying the life/work balance and less working hours
- Illinois is broke and is going to increase real estate taxes every year for the foreseeable future. So while you can also sell to escape the tax bill, the value will just drop to compensate. - There are many fixed costs to buying a place that aren't reflected in the monthly bills. Such as closing costs on both the purchase and sale (including chicago's lovely transfer stamp tax, realtor commissions, etc).
Also keep in mind how many high-rise condo buildings are going up right now. This can only be bad for prices of "old" condos around the city.