Want an 8% second mortgage?

Chicago Sun Times: Property tax bills won’t start arriving in the mail until next month, but the average Chicago homeowner can expect to see an increase of 12.8 percent over last year, the Cook County Clerk’s office reported Monday.

Chicago public school pays 8.5% for their bond debt.   They pay those rates by raising property taxes.  But firms and households are leaving Chicago, crime and poor schools continue.  This is cliff diving, Chicago will not be next year.