U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S. > City vs. City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-24-2008, 09:02 AM
 
11,972 posts, read 26,861,875 times
Reputation: 4548

Advertisements

Quote:
Originally Posted by DC's Finest View Post
The Gold Coast isnt the second wealthiest urban neighborhood! Are you serious. Do some research before you post these statements.
Parts of Lincoln Park are becoming "the new Gold Coast". There are areas where entire blocks have been razed to make room for 50,000 SF mansions (like the one recently built by Penny Pritzker). This phenomenon has occured after the 2000 census, so the data probably doesn't reflect it yet.

Anway, as Anthera pointed out, higher incomes don't necessarily equal higher real estate prices. But I would guess that the Gold Coast is sitll slightly more expensive than Lincoln Park on a dollars per square foot basis.
Reply With Quote Quick reply to this message

 
Old 07-24-2008, 01:53 PM
 
Location: Chicagoland
4,028 posts, read 6,225,481 times
Reputation: 1305
Quote:
Originally Posted by DC's Finest View Post
The Gold Coast isnt the second wealthiest urban neighborhood! Are you serious. Do some research before you post these statements.
The Gold Coast IS the second wealthiest neighborhood.
Reply With Quote Quick reply to this message
 
Old 07-24-2008, 02:06 PM
 
Location: Chicago metro
3,375 posts, read 7,049,253 times
Reputation: 1853
Quote:
Originally Posted by DC's Finest View Post
The Gold Coast isnt the second wealthiest urban neighborhood! Are you serious. Do some research before you post these statements.
If you look on wikipedia.org or answers.com, they will tell you that the Gold Coast is the second wealthiest urban neighborhood after the Upper Eastside, Manhattan. That do not include suburban neighborgoods.

Last edited by Chicagoland60426; 07-24-2008 at 02:10 PM.. Reason: correct word
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 08:29 AM
 
4,945 posts, read 8,266,499 times
Reputation: 2037
Wikipedia??? Anyone can add information to that site. Show me something concrete like demographics, (median income, cost per square foot). I highly doubt that the Gold Coast is more expensive than places in SF & LA. Chicago is relatively cheap compared to the coastal cities.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 11:11 AM
 
1,083 posts, read 3,202,476 times
Reputation: 312
Quote:
Originally Posted by DC's Finest View Post
Wikipedia??? Anyone can add information to that site. Show me something concrete like demographics, (median income, cost per square foot). I highly doubt that the Gold Coast is more expensive than places in SF & LA. Chicago is relatively cheap compared to the coastal cities.

This poster also thinks you can't afford to live in the GC on $250,000 a year. He/she doesn't live in Chicago and has a romanticized idea about rich people in the GC. Its a very wealthy neighborhood, but its not so expensive that you can live there very comfortably on $250,000.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 11:43 AM
 
Location: SE PDX
569 posts, read 1,592,417 times
Reputation: 125
Quote:
Originally Posted by Anthera View Post
This poster also thinks you can't afford to live in the GC on $250,000 a year. He/she doesn't live in Chicago and has a romanticized idea about rich people in the GC. Its a very wealthy neighborhood, but its not so expensive that you can live there very comfortably on $250,000.
250K in the GC? Sure. Talk about poor friend who lives on Cedar east of State in a studio working as a waitress, along with her other poor friends who need to live there as well.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 12:10 PM
 
4,945 posts, read 8,266,499 times
Reputation: 2037
For $250,000 you can basically live in any urban area of the country. The per capita income of the Upper East Side of Manhattan is just at $100,000.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 01:26 PM
 
11,972 posts, read 26,861,875 times
Reputation: 4548
My wife and I were pretty close to renting an apartment in the Gold Coast when I first moved to the city. I was unemployed at the time (temping), so our household income was very low. We picked a place in Lincoln Park instead.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 01:40 PM
 
4,182 posts, read 5,660,794 times
Reputation: 1719
With the weakening of the US dollar and crash in real estate values, wealthy foreigners are said to be snapping up properties in desirable locales such as in NY, LA, Miami, Boston etc. Is Chicago (Gold Coast, Lincoln Park, etc) experiencing the same kind of foreign investor attraction? I live in the burbs, so I don't have a very good handle on this.
Reply With Quote Quick reply to this message
 
Old 07-25-2008, 01:56 PM
 
Location: Chicago
38,691 posts, read 86,838,061 times
Reputation: 29355
Quote:
Originally Posted by ndfmnlf View Post
With the weakening of the US dollar and crash in real estate values, wealthy foreigners are said to be snapping up properties in desirable locales such as in NY, LA, Miami, Boston etc. Is Chicago (Gold Coast, Lincoln Park, etc) experiencing the same kind of foreign investor attraction? I live in the burbs, so I don't have a very good handle on this.
There are some foreign buyers here, but Chicago is a hard sell to foreigners because we don't have the international profile of NY or LA, and we don't have the weather of LA or Miami. To foreigners, Chicago is an "also-ran" residential market.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S. > City vs. City
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top