Property Owners Answer the Call
In mid May, the word spread out like a wildfire that Alderman Joe Moreno was planning to introduce an eviction for “good cause” ordinance at the May 23rd City Council meeting. The proposed ordinance would shield…
Rent Stabilization and Rent Control in New York City – Part I
Christina Rossetti Rent Stabilization and Rent control are becoming hot topics here in Illinois as various pieces of legislation are being drafted and proposed. What does it mean for landlords and tenants? The answer is…
As I See It: The Allure of Other Shores – Indiana, Michigan and Beyond
Mike Glasser | RPBG President In the late ‘60s, before it was common for middle-income families to travel long distances for vacations, my parents and their friends would gather (often over their Saturday night Bridge…
New Incentives for Affordable Housing
Steve Cain Photo courtesy of Community Investment Corporation All too often, in Chicago and Cook County, local governments seem to believe that every housing problem can be solved by levying more costs on property owners…
Rent Control Could Still Be A Reality – Act Now!
A Call for action! Contact your State Representative and ask them to vote "NO" on HB 2430 (Guzzardi). RENT CONTROL BILL (HB 2430 - Guzzardi) was not called for a vote this week. However, the…
Rent Control: A Bad Idea for Chicago… and Everywhere Else
An Open Letter to Rep. Will Guzzardi Steve Cain | Principal Rogers Park Builders Group recently posted an open letter to Will Guzzardi, Representative of the 39th District in the Illinois General Assembly. The 39th…
Counter Control – Is Rent Control Chicago’s Answer to Better Neighborhoods?
At the intersection of Chicago’s growth and its residents, the city finds itself resurrecting the ever-lasting argument of Rent Control. Throughout Chicago’s battle with neighborhood economics, we’ve seen that issues arise when the government…
Banks Start Letting the Air Out of the Apartment-Construction Balloon
Original from Crain's It's too early to tell, but banks may be starting to provide the downtown Chicago apartment market with something it could use right now: restraint. They're tightening lending guidelines for new developments…
The Fed has its eye on the ‘new housing crisis’
From: http://www.businessinsider.com/federal-reserve-fomc-comment-on-new-housing-crisis-2016-10 The Federal Reserve doesn't think the US has enough houses. In the release of the Federal Reserve's minutes from the September meeting, the members of the Federal Open Markets Committee spoke about the various…
Leading the way in the downturn
From: http://www.wsj.com/articles/u-s-cities-see-apartment-rents-fall-for-first-time-in-years-1475614808 -------- Apartment rents declined in some of the country’s priciest cities during the third quarter, a dramatic reversal that could signal the end of a six-year boom for the U.S. rental market. Rents in…