Survey: more companies, jobs to head back into Chicago (condo, loan)

[Vlajos]

http://www.chicagobusiness.com/artic...k-into-chicago

[emathias]

Originally Posted by Vlajos

http://www.chicagobusiness.com/artic...k-into-chicago

Good

[chet everett]

Originally Posted by Vlajos

http://www.chicagobusiness.com/artic...k-into-chicago

I truly hope things work out for the sake of those hired, but an awful lot of the jobs are likely to lack benefits -- from the same article;" the traditional full-time job will continue to vanish. Sixty percent expect companies to increase their reliance on contractors in the future. And 48 percent said they expect contractors to become more important than full-time employees.
The majority of those who believe the use of contractors to increase are those doing the hiring – managers, executives and independent business owners."


Maybe if they can get financing they can snag a steal on a condo: The condo collapse in downtown Chicago

Of course the vague regulations on what is a qualified borrower make the financing more difficult -- How to Get a Home Loan If You Are an Independent Contractor


Oh, and more bad news about full time work: Unintended Consequences of Obamacare (With Many More To Come)

[Aleking]

classic chet

[chet everett]

Always look on the bright side...

[cubssoxfan]

Be careful Chet; pretty soon they'll find a way to tax you just for posting conservative ideas. In the Madiganistan province of Rhamistan, only liberal, Democratic ideas and laws are allowed.

[chet everett]

Honestly, I am glad that these firms are at least staying in Illinois. The greater risk is that hostile business climate drives firms out of state, that makes all the tax burden on those left behind all the worse.

It is my sincere hope that Chicago really does make more efforts to not just showcase the ability of the city and state to entice firms to move into vacant office space with big tax cuts but that there are legitimate efforts to make things more attractive without any give aways. If the long term problems of the region are not addressed in a meaningful way the short term advantages of either tax give aways or lower initial housing costs will fade in the face of skyrocketing long term costs...

[Vlajos]

Originally Posted by emathias

Good

I agree

[jdiddy]

Classic chet is right.

The shift to contractor work is a macro issue that could affect anyone in the US. It's not relevant to an article showing employers continue to believe in the importance of locating within the city of Chicago.

As to the condo market, the consumer deleveraging process is well on its way (household debt is back to 2002 levels), and the housing market is finally beginning to recover. Young workers should be looking for a condo now, as the rent/buy decision is swinging firmly into 'buy' territory. Get out from under the clouds old man!

[Vlajos]

Originally Posted by jdiddy

Classic chet is right.

The shift to contractor work is a macro issue that could affect anyone in the US. It's not relevant to an article showing employers continue to believe in the importance of locating within the city of Chicago.

As to the condo market, the consumer deleveraging process is well on its way (household debt is back to 2002 levels), and the housing market is finally beginning to recover. Young workers should be looking for a condo now, as the rent/buy decision is swinging firmly into 'buy' territory. Get out from under the clouds old man!

Exactly, the contractor vs. employee situation is a national and even global issue, not particularly relevant to the story.