Future Of, Chicago's neighborhoods, is it getting worse, North Side, South Side, West Side, and Central

[dtcbnd03]

Originally Posted by BRU67

Plus, there's a matter of necessity. 75% of the ads for multi-units in the areas I referenced say something like "rents could be higher!" Given the amount of money they're selling for now, they absolutely have to be higher, unless you want to play Santa Claus year round and lose a lot of money.

This is true in every neighborhood...and actually moreso in the nicer hoods. Asset prices due to low interest rates have outpaced rents. It's gotten to the point where I hardly even look at properties in say a Logan Square cause you can't get cash-on-cash returns worth the headache of being a landlord. I'd rather click "Buy" on a index fund for higher returns and relax. Brokers will say "appreciation!" but only cash is guaranteed.

I disagree with you on some neighborhoods and prices. Certain pockets and price points within those hoods are a no brainer for investment and I'll continue to invest.

I do agree with you that the demographics will take longer to turn over than people realize. Hipsters are not going to be biking around North Lawndale (for example) for a long time. But there are good renters out there if you can invest in a smart way.

[BRU67]

Originally Posted by dtcbnd03

This is true in every neighborhood...and actually moreso in the nicer hoods. Asset prices due to low interest rates have outpaced rents. It's gotten to the point where I hardly even look at properties in say a Logan Square cause you can't get cash-on-cash returns worth the headache of being a landlord. I'd rather click "Buy" on a index fund for higher returns and relax. Brokers will say "appreciation!" but only cash is guaranteed.

I disagree with you on some neighborhoods and prices. Certain pockets and price points within those hoods are a no brainer for investment and I'll continue to invest.

I do agree with you that the demographics will take longer to turn over than people realize. Hipsters are not going to be biking around North Lawndale (for example) for a long time. But there are good renters out there if you can invest in a smart way.

Unless you're a appreciation gambler or just want to live there and offset your mortgage a little bit, neighborhoods like Logan Square, Pilsen, Humboldt Park and Bridgeport have definitely jumped the shark.

You can still make money in the lower-income neighborhoods but that is a very different tenant base than what I think a lot of these young investors are used to dealing with. Judging by the renovations and displacement I'm seeing, most of them are clearly trying to go in a different direction.

So we will see how all this shakes out. It seems for right now the stock market is definitely a good way to go LOL!