Pro and con

There are 1 comment on the Chicago Tribune story from Aug 17, 2008, titled Pro and con. In it, Chicago Tribune reports that:

Brian Hickey, co-owner of, a real estate site for buyers and sellers based in Clarendon Hills , says the main factors that make an older neighborhood attractive are: Proximity to a city center; ...

Join the discussion below, or Read more at Chicago Tribune.


Morristown, NJ

#1 Aug 17, 2008
location, location, location!

If you want a short commute, you need to be near good public transportation, and near the center of things.

The question is, who should one pay? The seller, or the community? The community created the amenities. Why does the seller get to take the money for them? The buyer ends up paying twice: once to the seller (and forever to the mortgage lender) and then again to the community through sales taxes, wage taxes, building taxes.

The way to correct this is to untax commerce, untax wages, untax buildings, and simply tax land value. All the effects of good public spending get reflected in the land value, and taxing it does not take from the landholder anything he created.

Pay once ... pay the community via a tax on land value, and pay the seller for what he created: the house itself.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Clarendon Hills Discussions

Title Updated Last By Comments
what are the khan's planning? 40 min For Alky Anne 6
SHAME on the City of Chicago, WHEN Did the Mayo... 16 hr Stew Smith 12
Stone Park lingerie bars (Apr '08) 21 hr miss g 68
News Downers Grove Couple Wins $1 Million in Lottery (Mar '14) 22 hr miss g 15
News Republican Congressional Candidate Says 'Holoca... (Mar '12) 22 hr Do it now 14
Time for Shrek Mitchem to go LET'S TAKE HIM OUT! Wed Jim is the best 88
Jimmy Mastrino confirms his mother Kathleen Mas... Tue Bob Giovanni 2
More from around the web

Personal Finance

Clarendon Hills Mortgages