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Old 04-12-2008, 09:56 PM
 
Location: Chicago
15,585 posts, read 27,507,785 times
Reputation: 1761

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Quote:
Originally Posted by Lookout Kid View Post
Not me. It's a super-highway. But I agree with Drover that the particular stretch of Chicago Avenue is strangely intimate.
You want a superhighway to avoid living on? That would be Western.
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Old 04-13-2008, 04:42 AM
 
Location: Chicago
15 posts, read 41,857 times
Reputation: 11
Quote:
Originally Posted by Drover View Post
Yet another year-old thread revived out of nowhere; originally posted by a hit-and-run poster no less, who apparently is not interested in what we have to say anyway.
Man oh man, revived old threads are the worst. It's true. AND Originally posted by a hit and run poster? AGONIZING!
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Old 04-13-2008, 11:08 AM
 
Location: Chicago
38,707 posts, read 102,897,201 times
Reputation: 29977
Quote:
Originally Posted by tragicandfancytoo View Post
Man oh man, revived old threads are the worst. It's true. AND Originally posted by a hit and run poster? AGONIZING!
Thanks for your quality input.
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Old 04-13-2008, 01:51 PM
 
Location: Humboldt Park, Chicago
2,686 posts, read 7,852,343 times
Reputation: 1196
Default opportunity from old thread

Folks,

As this is an old thread revived we have a unique insight one year later.

BucktownDale,

Since you brought this thing back to life and you are into RE how would the original poster done had they bought either of these properties from an appreciation standpoint? I am guessing they would have lost money on either property had they pulled the trigger and bought.

Others, your opinions and insights?
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Old 04-13-2008, 01:55 PM
 
Location: Chicago
38,707 posts, read 102,897,201 times
Reputation: 29977
Well it would depend an awful lot on what they paid for either if/when they pulled the trigger and bought, wouldn't it?

The Chicago market has been much more stable than other markets around the country. There is some depreciation in localized areas that got built up way too quickly, such as the south loop and Printer's Row. Otherwise, nobody's losing their shirts, even if the 20% year-over-year rises of the late 90s and early 00s are long gone.
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Old 04-13-2008, 02:13 PM
 
28,455 posts, read 85,109,634 times
Reputation: 18726
You can see my comments from a day or two ago, but even I am going to have to say that in the past 30-40 years the only time when you could count on one year appreciation to offset the costs of selling a townhouse/condo was from about 2001 thru 2006.

Real estate was not meant to appreciate at such a rate. Far too many that ought to have known better were hyping something that could not be sustained.

I don't care if you talking something Beverly Hills CA, Park Ave NYC, Chicago Gold Coast or overseas like London or Tokyo -- real estate has been a nice solid asset that when well managed can have decent cash flow and long term appreciation with a risk profile that is supposed to be predictable (based on historic vacancy vs rent, employment trends and income/housing cost ratios).

When there were (maybe still are) too many people with no kind of knowledge over building places based on "TV design shows" hopscotching out to areas that still have all kinds of fundamental problems the result is predictable... Show me a solid employment base/transportation infrastructure, solid schools, and low crime and that is a place that should have steady real estate values. Show me a place that has issues with all of those and POOF...
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