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  #45341  
Old Posted Jun 21, 2019, 1:12 PM
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"The question is whether that will make up for the damage of student loans and the recession or whether it will just further enhance widening wealth disparity."

It will likely do both, but my question is what does one have to do with the other? In a free market, there will always be "inequality". Winners and losers. The lucky and the not-so-lucky. What does "wealth inequality" even matter? If we all had equal wealth, who would be making major investments and creating jobs like we see at Vista Tower, One Chicago, Lakeshore East, Amazon distribution centers, factories, etc.

There are many, many people who have more money than me, but that doesn't impact me negatively in any way whatsoever. As long as there are super-wealthy to buy the buildings I help build, I'll have a job. I even have the freedom to save as much money as I can and perhaps one day be the investor and provider of hundreds of jobs. LVDW, you started with one or two properties, doing the painting and drywall yourself. Made big money in the flips and now you have many properties and you're hiring painters and drywallers to do the work for you. Wealth inequality is OK, and works to everyone's advantage.
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  #45342  
Old Posted Jun 21, 2019, 1:55 PM
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Spot on.

Every NIMBY's speech at a public hearing by McSweeneys

I could pick out some choice quotes, but there are too many to cite.
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  #45343  
Old Posted Jun 21, 2019, 2:25 PM
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Quote:
Originally Posted by Skyguy_7 View Post
It will likely do both, but my question is what does one have to do with the other? In a free market, there will always be "inequality". Winners and losers. The lucky and the not-so-lucky. What does "wealth inequality" even matter? If we all had equal wealth, who would be making major investments and creating jobs like we see at Vista Tower, One Chicago, Lakeshore East, Amazon distribution centers, factories, etc.
Your first embedded assumption is that what we have today is truly a "free market". Your whole comment rides on that belief and I'm not so sure it is true. I see subsidies, government intervention, regulatory capture and negative externalities all over the place. One only needs to look at the concept of super PACs to see how the wealthiest among us have changed the rules to benefit themselves.

The second assumption is the strawman that people are arguing for "equal wealth". The primary argument I have seen is that wealth inequality has grown significantly over the past 40 years and it is reaching historic levels. This is bad long-term for the economy because it hurts the purchasing power of a large portion of society and our economy is built on consumer spending.

This is why even billionaires are sounding the alarm on the dangers of inequality.
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  #45344  
Old Posted Jun 21, 2019, 4:38 PM
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Just found these new renderings of the Wicker Park Hyatt Place. Looking alot better and those are from Jul 2017. https://hyatt.hospitalityonline.com/...ce-wicker-park
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  #45345  
Old Posted Jun 21, 2019, 5:11 PM
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Southbridge

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Harold Ickes Homes 1st phase construction to begin late summer:

https://therealdeal.com/chicago/2019...redevelopment/
Sorry to bring up old news but honestly this could have received more attention! I'm anxious to see how this model of housing works out for the city and developer, hopefully it can encourage more developments like this with nice density and respectful the pre-existing grid. Also I believe this is the largest swath of vacant land between the Loop and the Stevenson (save for the 78) so this will be huge for the area!
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  #45346  
Old Posted Jun 21, 2019, 6:27 PM
trvlr70 trvlr70 is offline
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Why do we suppose that the several plots of land adjacent to the Presidential Towers have remained surface lots and not succumbed to redevelopment pressure? Given their location, I find it strange.
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  #45347  
Old Posted Jun 21, 2019, 6:39 PM
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Hip West Loop locations being used in college advertisements. I think this was DePaul.

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Old Posted Jun 21, 2019, 7:09 PM
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^they don't have drinks because they can't afford them
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  #45349  
Old Posted Jun 21, 2019, 8:59 PM
SamInTheLoop SamInTheLoop is offline
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Quote:
Originally Posted by moorhosj View Post
Your first embedded assumption is that what we have today is truly a "free market". Your whole comment rides on that belief and I'm not so sure it is true. I see subsidies, government intervention, regulatory capture and negative externalities all over the place. One only needs to look at the concept of super PACs to see how the wealthiest among us have changed the rules to benefit themselves.

The second assumption is the strawman that people are arguing for "equal wealth". The primary argument I have seen is that wealth inequality has grown significantly over the past 40 years and it is reaching historic levels. This is bad long-term for the economy because it hurts the purchasing power of a large portion of society and our economy is built on consumer spending.

This is why even billionaires are sounding the alarm on the dangers of inequality.
Exceptionally well-stated. In this day, if you're arguing otherwise, it's due to 1) naivete or 2) bad faith. May be some overlap.
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Old Posted Jun 21, 2019, 11:04 PM
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Interesting project I was unaware of - via DPD twitter




Oh that is a huge upgrade from the current building.
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  #45351  
Old Posted Jun 21, 2019, 11:24 PM
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Quote:
Originally Posted by Skyguy_7 View Post
It will likely do both, but my question is what does one have to do with the other? In a free market, there will always be "inequality". Winners and losers. The lucky and the not-so-lucky. What does "wealth inequality" even matter? If we all had equal wealth, who would be making major investments and creating jobs like we see at Vista Tower, One Chicago, Lakeshore East, Amazon distribution centers, factories, etc.
Ayn, is that you you heartless louse?

No one is advocating a Stalinist notion of "equal wealth". That's just a ridiculous suggestion. A social market economy should ideally encourage capitalism to work for everyone to the best of it's potential. That should, you know, prioritize that the masses of grunts that you seem to be suggesting be required to remain poor for the betterment of those that they are producing wealth for, should at least make enough money that they could have something that resembles a life for themselves and their children. But hey, maybe that's just asking too much in the richest fucking country in the world.
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Last edited by Busy Bee; Jun 21, 2019 at 11:37 PM.
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  #45352  
Old Posted Jun 22, 2019, 6:41 PM
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And some warm sunrise shots for dessert after all these posts of buildings today











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  #45353  
Old Posted Jun 22, 2019, 10:07 PM
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Great shot - one of my daughters is crewing on that big sailing ship (the Windy).
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  #45354  
Old Posted Jun 22, 2019, 10:43 PM
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^ that's gotta be a super cool job! Tell her to take some pictures from the galley when on the lake next time
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  #45355  
Old Posted Jun 23, 2019, 12:07 AM
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^ that's gotta be a super cool job! Tell her to take some pictures from the galley when on the lake next time
She mans a sail (or sails) - I will get some when she comps me onboard one day.
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Old Posted Jun 23, 2019, 3:35 AM
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Old Posted Jun 23, 2019, 4:20 AM
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930 W Fulton

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Old Posted Jun 24, 2019, 2:05 AM
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905 W Fultonmarket

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Old Posted Jun 24, 2019, 10:07 AM
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939 W Fulton

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Old Posted Jun 24, 2019, 10:52 AM
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Fulton Market

June 10

1100 something W Fulton - appears to be seperate from 1100 W Fulton
Chicago | 1100 W Fulton by Harry Carmichael, on Flickr

1040 W Fulton
Chicago | 1040 W Fulton by Harry Carmichael, on Flickr
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