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Old 09-20-2018, 01:36 PM
 
Location: Maryland
4,621 posts, read 6,183,766 times
Reputation: 5160

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Quote:
Originally Posted by wase4711 View Post
so, are you saying their facts are made up?

sometimes the truth is a bitter pill to swallow..
Most of them are simply calculations done by the authors, and the actual calculations aren't shown (only a couple of equations in the appendix); rather, methodologies are simply referenced (and re-referenced to make it look like there are a plethora of references), so it's unclear whether they are or aren't facts in the first place.

One cannot deny that IPI is a conservative-leaning website that rallies against taxes and often times publishes sensationalism. More often than not, there's a kernel of truth hidden or a nugget of fact, but you have to wade through so much partisan B.S. that it's hardly a useful source.

In fact, probably the most useful information from the source is actually buried in the appendix:

"It is interesting to note that Illinois resembled the rest of the U.S. in the pre-housing bubble period. In fact, the cost to rent, and the maintenance costs were lower in Illinois than in the U.S. However, divergences appear in the post-re- cession period. Illinois has become a more expensive state to live in."
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Old 09-21-2018, 10:56 AM
 
426 posts, read 252,681 times
Reputation: 622
"The pension benefits being earned by state and local government employees today are roughly 10 times more generous than the employer 401(k) match that a typical private sector worker receives."


Have public employee pensions become more generous, or less?

https://www.forbes.com/sites/andrewb...erous-or-less/
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Old 09-21-2018, 11:12 AM
 
997 posts, read 583,656 times
Reputation: 823
Quote:
Originally Posted by Manterro View Post
"The pension benefits being earned by state and local government employees today are roughly 10 times more generous than the employer 401(k) match that a typical private sector worker receives."


Have public employee pensions become more generous, or less?

https://www.forbes.com/sites/andrewb...erous-or-less/
An “opinion” by Forbes while dismissing a Boston college study. Vague estimates on cost with no real statistics.
Let me guess, your another employee that’s underpaid and gets no 401k and no matching 6.2% for social security. I must be the only one in northern Illinois that get a pension and401k in my 50’s (private company) and am working and vested with n a fully paid employer (IBEW) funded defined benefit with fully paid annuity.
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Old 09-21-2018, 05:04 PM
 
4,016 posts, read 2,990,929 times
Reputation: 3118
Quote:
Originally Posted by Liledgy View Post
I must be the only one in northern Illinois that get a pension and401k in my 50’s (private company) and am working and vested with n a fully paid employer (IBEW) funded defined benefit with fully paid annuity.
Not sure if you are being serious or possibly missed the fact that laws toward contrubutions have changed, and many of the manufacturing jobs that offered such pensions have long since left our soil.

Consider yourself very fortunate.
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Old 09-22-2018, 02:44 PM
 
12,803 posts, read 16,539,712 times
Reputation: 8829
Rauner's strategy is clear: 1. Demonize Madigan. I'm not sure this has been 100% successful, but no doubt the harassment scandal in his office helped. 2. Tie all your enemies, regardless of party, to Madigan. This is a stretch.
I notice he has enlisted his wife to help with the campaign. Since she can actually finish a sentence without invoking you-know-who, he thinks this will help.
Not that Pritzker's skipping a recent debate was such a smart move either.
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Old 09-29-2018, 02:30 PM
 
613 posts, read 899,310 times
Reputation: 756
Quote:
Originally Posted by wase4711 View Post
This article is really misleading. It points out that in the last 10 years or so a typical Illinois homeowner has approximately broken even when the house is viewed as an investment. What the article fails to point out, is that the biggest part of the reason for this is that housing costs have not increased that much in Illinois in recent years compared to other states. So sure, a typical Californian with a house saw a 37 percent return on the house, viewed as an investment, but the biggest reason for this is the skyrocketing housing costs in California. In San Francisco a run-of-the-mill one bedroom apartment routinely goes for a million dollars. Good for homeowners, but bad for young people starting their lives or anyone who is not high-income. And in fact California has a greater rate of people leaving the state than Illinois, but it is masked by the fact there is an influx of people from other states and countries that more than compensates.

Also, most people don't view their homes as an investment. If the value of your house stays relatively flat, that might be unfortunate, but ultimately it is not a big deal as the primary purpose of a house is to provide a place to live.
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Old 09-29-2018, 08:20 PM
 
Location: northwest valley, az
3,080 posts, read 1,841,071 times
Reputation: 4207
Quote:
Originally Posted by Genghis View Post
Also, most people don't view their homes as an investment. If the value of your house stays relatively flat, that might be unfortunate, but ultimately it is not a big deal as the primary purpose of a house is to provide a place to live.
I dont know who you hang out with, but almost everyone I know views their house as their BIGGEST investment..
I would have loved my house to just stay flat before I evacuated the sinking ship that is Illinois
bought a great house in Hinsdale in 2005 for 500k; sold in in 2018 for 340k, and was lucky to get that..

Needless to say, everyone I know is doing anything they can to get out of Illinois, but most folks I know cant sell their houses, because, if its not in the downtown/near north/west loop area of Chicago, NO ONE wants to buy a house in Illinois now, unless they have a super secure job, and dont have to worry about their long term future, and can afford to pay the nauseating taxes there..
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Old 09-29-2018, 08:45 PM
 
613 posts, read 899,310 times
Reputation: 756
Quote:
Originally Posted by wase4711 View Post
I dont know who you hang out with, but almost everyone I know views their house as their BIGGEST investment..
I would have loved my house to just stay flat before I evacuated the sinking ship that is Illinois
bought a great house in Hinsdale in 2005 for 500k; sold in in 2018 for 340k, and was lucky to get that..

Needless to say, everyone I know is doing anything they can to get out of Illinois, but most folks I know cant sell their houses, because, if its not in the downtown/near north/west loop area of Chicago, NO ONE wants to buy a house in Illinois now, unless they have a super secure job, and dont have to worry about their long term future, and can afford to pay the nauseating taxes there..
Then the mistake is viewing their house as a big investment, because it isn't. Sorry to hear you lost money on your house but housing prices are gradually going up in most places in Illinois.

Well, a lot of people must be buying houses since they do get sold in most places as can be seen from the real estate websites. But they take a lot longer here sometimes. I am from California originally, and there houses get sold immediately but at huge prices. And their taxes are higher than ours by a lot. I would rather live here despite the economic uncertainty and so on.
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Old 09-29-2018, 08:58 PM
 
Location: northwest valley, az
3,080 posts, read 1,841,071 times
Reputation: 4207
what investment have you made in your life bigger than your home?
unless you bought a business, there is no larger one

yeah, the value of my 500k house went up from a low of 300 to the 340 I was able to sell it for; that was after owning it for 13 years..great recovery

as I said before, houses in certain areas of Chicago are selling, but, in the suburbs surrounding the city, its slow as molasses..

and, saying you'd rather live in Illinois than California is sort of like saying you'd rather live in purgatory then hell...neither is very desirable, IMO
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Old 09-29-2018, 09:30 PM
 
4,090 posts, read 2,273,783 times
Reputation: 2972
Quote:
Originally Posted by wase4711 View Post
what investment have you made in your life bigger than your home?
unless you bought a business, there is no larger one

yeah, the value of my 500k house went up from a low of 300 to the 340 I was able to sell it for; that was after owning it for 13 years..great recovery

as I said before, houses in certain areas of Chicago are selling, but, in the suburbs surrounding the city, its slow as molasses..

and, saying you'd rather live in Illinois than California is sort of like saying you'd rather live in purgatory then hell...neither is very desirable, IMO
The irony .... you got out of Illinois but it as if you still blame it for making you move to Arizona .... Then refer to Cali or IL as a hell and purgatory and yet Arizona looong hot summers (but for the mountains) can be like hellish heat.

But really not knocking AZ. Just you just hold so much resentment even.... with your wealth you still attained there.
Illinois is not a terrible state sorry.... lot to offer and my favorite Big city of Chicago is there. I'd say Illinois and Chicago. Will survive any purgatory it is through. Cali too.
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