Chicago Gains Jobs While Rest Of Illinois Suffers Setbacks
If you live in Chicagoland, your job prospects since the Great Recession are pretty good. If you live elsewhere in Illinois? Good luck.
During the recovery and up until today, the Chicago area is up 240,900 jobs from before the Great Recession while the rest of Illinois is still down 41,300 jobs.
However, Chicago area job growth is weak compared to rates in Dallas/Arlington, Houston, Boston and almost every other major city.
A 2018 analysis by Green Street Advisors says that Chicago is nearing a death spiral of taxes and resident loss. The higher the taxes on business, the less growth.
Real estate investors are anticipating a weaker job market in Chicago’s future, so what happens to the rest of the state?
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.