Episode 61: Understanding the Economics and Risks of Chicago’s Pension Crisis

What does Chicago look like from an economist’ perspective and why should investors care? Today, Dr. Joseph Pagliari explains some of his economic thesis related to Illinois’ long term fiscal issues that are top of mind for so many investors. He provides options Illinois might have to address these issues, but are they specific to only Chicago or are the issues more widespread? Listen in today to a fascinating conversation. If you learned something, please share it with a friend! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Dr. Joseph Pagliari of The University of Chicago Booth School of Business Sponsor: ChicagoREIA   Sponsor: Appeal.tax ----------------- Guest Questions Overview of state of Illinois fiscal conditions. 6:00 What options does Illinois have to improve their financial outlook? 13:15 What are some negative things we need to consider with tax issues?19:00 Will the tax classification system between commercial and residential properties ever go away? 22:30 What will post Covid downtown look like? 24:45 How will different markets react to tax issues? 29:30 How would foreclosures affect pricing today vs the financial crisis? 33:20 What are your thoughts on rent control? 41:30 What has been your competitive advantage? 46:15 What is one piece of advice you’d give a new investor? 47:43 Wrap Up Questions What do you do for fun? 49:30 Self development activity 50:00 Network Recommendations 51:15 How can we learn more about you? 52:15 That’s our show! Thank you so much for tuning in. If you want to make the most of your investment, connect with us at https://www.gcrealtyinc.com/. ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.