Quote:
Originally Posted by the urban politician
Illinois' Rent control preemption act repeal just got out of committee for the first time ever.
Hold your horses...... we may not see the "pop" happen after all
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I hate rent control. But the effect would likely be a big increase in condo construction and effectively an artificial decrease in apartment availability, which would increase the demand for condos. But it would also damage Chicago's affordability, increasing the cost of rent for new leases and condo prices. Affordability is an advantage that we don't want to lose.
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