3min chapter

Very Serious with Josh Barro cover image

David Schleicher on the Fiscal Whipsaw in State Governments

Very Serious with Josh Barro

CHAPTER

The Differences Between Chicago and New York

A big part of their tax base is commercial real estate and these big office buildings that are just not worth what they were worth before the pandemic. So in Chicago, I worry a lot about Matt Iglesias has been writing a lot about this. But at least in New York, you know, even at some lower rent base, New York is an extremely desirable place to do business. It's not really clear to me that you can do that in Chicago.

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