Monday, January 14, 2008

Feeding the "Combine"

Anyone notice w/ all the political grand standing related to this state transportation bill fight that one of the funding sources for the measure is an increase in Chicago's real estate transfer tax which those of you in the field know is an already fairly steep buyer's charge of $7.50 per $1,000. I think the proposed increase would be up to $10.50 per $1,000 although most of the media coverage doesn't give us the juicy real estate details we're interested in.

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