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Chicago Kid
7.7K posts
Chicago Kid
@chilandlord
Chicago housing provider dealing with its politics, resisting victim culture, no apologies. Spelling/typos don't matter on social media (opinions r my own)🇬🇷
Chicago, IL 35th Ward. Katılım Ocak 2017
484 Takip Edilen1.7K Takipçiler
Chicago Kid retweetledi
This is crazy you have white gentrifiers protesting against a Mexican immigrant landlord who has owned the building for 30 years, through all the down years when logan was not as nice, and now wants to cash out.
CBS Chicago@cbschicago
Tenants of an apartment building in Chicago's Logan Square neighborhood spoke out against their landlord Sunday, days after the property was put up for sale. cbsnews.com/chicago/news/t…
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Chciago has done a phenomenal job of limiting supply and stoking rent growth...however this same lack of supply coupled with a eroding tax base means higher taxe RaTeS.
Most sane municipalities would cut expenses and try to create a business friendly environment to grow revenue..then there are progressives..hostile to any of that.
Outcome?
Debt ridden government and a city that cannot do big things anymore as it struggles to service debt.
rejournals.com/tight-vacancy-…
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I love it when the economics of international policies are so in your face clear..but you have to be intentionally obtuse to ignore them..the rent control issue can be seen at a state level in the USA too.
With the blue states embracing it, like New York for example...and red states like Florida or Texas rejecting it.
And the consequences of higher cost of living that follow..like in New York City vs Miami/Austin.
People amaze me, in a bad way sometimes.
Cato Institute@CatoInstitute
Spain froze rents and capped increases at 2%, but rent control is already cutting supply by up to 50% and not improving conditions for renters. Spain should follow Argentina, which ended rent control in 2023 and has seen housing supply rise 180%, reports Cato’s @hiperfalcon. ow.ly/k7Mx50YztmZ
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NEW: Another high-profile departure from Chicago Mayor Brandon Johnson’s office? Sources say Chief Homelessness Officer Sendy Soto has put in her resignation and will officially leave office in the coming days.
Austin Berg@Austin__Berg
NEW: More details are emerging on Chicago Mayor Brandon Johnson’s surprise firing of Deputy Mayor for Public Safety Garien Gatewood. Sources close to Johnson’s office claim Gatewood filed a complaint late last year with the inspector general’s office, alleging unethical practices and a hostile work environment. I’m also told Gatewood was fired while attempting to put Senior Policy Advisor Alyx Goodwin on a performance improvement plan. Goodwin previously worked as an activist supporting police and prison abolition alongside Kennedy Bartley, who is now Johnson’s head of intergovernmental affairs and one of his closest aides.
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Piss people off? Guy you are literally arguing for things you know don't solve the problem...in fact, make it worse...which is what usually happens when governance of market efficiency kicks in.
Seeing progressive types highlight this kind of post..with some being able to see downstream..and others willfully blind to it...and still others who are legit blind to it.
You should know better (and probably do).
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@chilandlord you can build more AND not create eBay-style bidding markets for rent. this is how you piss people off and invite the regulation you’re complaining about. also the unfollow button is right there buddy ⬆️
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At this point I am reposting the "idiot progressive" treat the symptom, not the disease posts...as I see them..remember not big picture thinkers here.
Build more...micro manage housing providers less...this would go away if you did that...and reduce costs.
Look at Austin Tx.
sean mcguire@seanw_m
yah this should be illegal
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Here is another example of someone posting self righteousness...attacking the symptoms (bidding for a apartment) & not the source (prohibitive building practices)
My only question is are they aware of what they are doing..and do so anyway? Progressive = treat symptoms not cure.
shakeia@curlyfro
i just heard about this last night from a friend who is also apartment hunting. he found an apartment he loved but the owner is having an open house to invite people to bid so he just didn’t apply. this is ridiculous. it’s hard enough to find housing. greed is so gross.
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Often people get mad at the symptoms not downstream causes..this is due to;
1. Not understanding the issue.
2. Understanding but thinking the public is too stupid to understand.
Both are bad and a reason to unfollow the commentator.
Leigh Giangreco@LeighGiangreco
Why is this not banned in Chicago?
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@LeighGiangreco Why? Because building housing easily has been banned instead in Chicago.
Otherwise, this would not even be a thing..get focused on the real problems not the symptoms.
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Why is this not banned in Chicago?
Devon Hardware’s Wife@thatfrood
what’s it like applying for apartments in Logan Square? well, the place we just applied to had a field for bidding on the rent price
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Alder Hadden feels the need to close up her office? How strong is her commitment to her neighborhood?
If I recall 🤔..Didn't @RaymondALopez have several instances of being threatened AND actually vandalized?
Alderman did you ever close your office? @WGNNews
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Chicago Kid retweetledi
As a former progressive, this is absolutely accurate and caused me endless frustration with my co-partisans. They fundamentally don’t care if their ideas work. They hardly even have a concept of ideas working. Their entire evaluation function is based on social perception and emotionalism which is, in fact, profoundly selfish and unvirtuous. If you care more about feeling like/being seen as good than you do about results, you’re a selfish parasite. Hardly exclusive to the left, but it defines the leftist project in a way it doesn’t define any other political faction.
CJ@UnderSneege
@edwest After a decade in the public sector I still find this one of the most replicable observations ever made.
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Chicago Kid retweetledi
Seems like Hadden's office was in the wrong place at the wrong time.
Block Club Chicago@BlockClubCHI
Ald. Maria Hadden has closed her office after "threats of violence" following a Loyola student's killing. blockclubchi.co/47qk3Af
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No snap curfews are important, right? @ChicagoMPO @ChicagosMayor
Angela Van Der Pluym@anjewla90
Another teen takeover in the Chicago, it must be getting warm again.
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No sh!t? Huh must be coincidence.
Sar Haribhakti@sarthakgh
Landlords and private equity firms mysteriously decide to be less greedy in the cities where developers can build more homes easily
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The city of Chicago should not be about building things but getting out of they way of builders.
The 49th ward alder is a prime example..years of micro management to develop a lot a specific way that the private market would have already built if allowed.
These people cause housing to become more expensive through scarcity..other cities enable builders..and prices come down.
Period..end of story. Vote Yimby.
Jeff Orr@JeffO773
The lot is still vacant, rents are going up, Chicago is not building because aldermen get in the way
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Aside from the obvious downturn in tax revenue this will trigger...we will have dumb progressive talking heads post whataboutism and excuses to obfuscate the impact of these very real financial situations
Add to it our elevated borrowing cost by weak and inept leadership.
Taxpayers and renters..get ready...your about to get hit...hard.
Nightingale Associates@FCNightingale
500 West Monroe Street Chicago, Illinois Under contract to sell at between $100M and $110M. ↓73% from its sale at $412M in 2019. $270M loan failed to pay off at maturity in Jan 2025. 966,000 Square Feet -CoStar / TheRealDeal #commercialrealestate
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Chicago Kid retweetledi
Ouch... Long term borrowing rates for Chicago are now at 5-year highs, approaching 6%. It's not just a rising benchmark rates story, as credit spreads vs AAA municipals are rising. Borrowing near these rates would be punishing to taxpayers. We need to cut costs and grow economy.
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Chicago Kid retweetledi
Who knew the ultimate rent control is no rent control
Peter Mallouk@PeterMallouk
Rents dropping across the country…
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@BebopOtt Too bad you were not there, instead of Ms. Gorman. Another tragedy...sad.
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Mask Off from Susana Mendoza here:
Susana A. Mendoza ☮️@susanamendoza10
Excellent job by the investigators. My heart goes out to the heartbroken family of Sheridan Gorman. This sweet young Loyola freshman had a whole life ahead of her. Sheridan deserves justice. Let it begin this morning in the courtroom. Hold him. Prosecute him. Deport him to prison in El Salvador.
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