Quote:
Originally Posted by the urban politician
What matters is, McMansions in Chicagoland are performing more poorly than McMansions in 99 other major American metros. So large numbers of people in our region, comparative to pretty much the rest of America who made similarly bone-headed investments, are losing wealth (or not gaining it). That is never a good thing for a regional economy, especially in light of our growing pension balloon and tax liability (see my post above).
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Based on what? A quick google search actually pointed to the opposite being true—that McMansion prices are plummeting across the country, save for maybe the aberration that is Silicon Valley.
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