On a recent episode of WTTW’s Chicago Tonight, a discussion ensued about how groups of local tenants are unionizing in hopes of pushing for an end to the state rent control ban that was passed back in 1997. Jane Garvey, President of the Chicago Creative Investors Association, joined a round-table discussion to debate the issue and offer valuable insights.
Jane Garvey of Chicago Creative Investors Association says landlords work based on supply and demand. “We’re facing tremendous increases in costs on all fronts. We’re also facing tremendous increases in risk,” Garvey said. She added that in her view, the real problem behind skyrocketing rental prices is the lack of housing.”