"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Real Estate Transfer Tax Adds to Chicago Housing Woes
"?Chicago home sellers getting lower prices if they can unload their properties at all in the stone cold housing market have a new headache: the 40 percent increase in the real estate transfer tax tied to the CTA [Chicago Transit Authority] bail-out.? It's bad enough that this city will soon be paying the highest sales tax in the country (if a recently approved hike in the county sales tax goes into effect). Now those lucky enough to sell their property are being coerced into bailing out the city's ever-more-costly socialist transit system. It's almost as if the local feudal lords are deliberately plotting to degrade Chicago to third world status."
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