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chet everett's Profile Picture

chet everett

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Showing Public Visitor Messages 1 to 10 of 35
  1. Humboldt1
    01-25-2017 04:52 PM - permalink
    Humboldt1
    I agree with you that RE is a pain and unless you time it perfect, index fund is the way to go. I just sold my last rental property in Chicago and am looking forward to not having tenants call me at all hours.

    My family made a lot of money (on paper) on farmland in the last few years but the last decade has been once in a lifetime in gains and farm prices are now flat the past 3 years.

    I would like to take money and start a business but have seen so many come and go and will probably just stick to getting my 10-12 percent in stocks.

    Any recommendations of where else to invest for 39 year old guy with little less than 1mm to invest? I continue to also max out retirement savings tools available to me (401k, back door Roth).
  2. Humboldt1
    01-25-2017 10:34 AM - permalink
    Humboldt1
    Not a big fan of Trump and not saying he would not be better in index funds.

    But, do these studies include the costs of his lifestyle over the past 30 years?

    Index funds are great so long as you don't touch them for creating long-term wealth but we all have to live and Trump does not live cheap.

    I do all my retirement funds in index funds and do mostly individual equities outside of retirement.
  3. Humboldt1
    12-22-2016 03:46 PM - permalink
    Humboldt1
    Your Oak Park example shows why renting is sometimes better.

    We rent 1200 sq ft apartment in better part of Oak Park in nicer building for 1000 per month. We know this is a steal and have been here for 7 years with no plans to buy house until we have kids. Even then I would not mind having larger condo but in Oak Park as taxes are very high for condos in best parts of Oak Park (we are just west of OPRF in Frank Lloyd Wright District). 2000 sq ft condo across the street just sold for 400k and has annual taxes of 16k and annual HOA of 7k.

    We are good savers and have made way more in the stock market than we would have in RE (full disclosure my family and myself made millions on paper with farmland appreciation last 10 years but I view this as a fluke fueled by ethanol rally). In stocks I have averaged 10-12 percent over the past 20 years.

    Renting is not throwing money down the drain if you have discipline to save and live within your means.
  4. adpsf
    07-14-2016 07:18 AM - permalink
    adpsf
    Hi Chet,

    I'll be moving to Chicago in the first week of August. I'm looking to rent Apt/Home in a good school district. We have 2 kids (7 & 4 yrs) I will have to commute to Waukegan and my wife will be commuting to Downtown area. We were looking at Northbrook, Lincolnshire, Buffalo Grove area. Will you be able to help us out in finding a place to rent. If not can you please refer us to anyone who can help. Our price range is from $1500 - $2000.

    Thanks
  5. Humboldt1
    06-17-2016 10:25 AM - permalink
    Humboldt1
    Oak Park is getting better not worse as it continues to price out poor people. 1000 new high end apartments are being built in next 1-2 years along lake street. More and more limousine liberals are moving in.

    We still have a lot of poor people near Austin and as you get closer to Berwyn. Unless you make 200k plus per year it is hard to buy house in decent part of Oak Park.
  6. riddhi.neshika
    06-07-2016 06:26 PM - permalink
    riddhi.neshika
    Hi,
    Is it fine if I ask for your opinion about renting in Lake Zurich? I had posted on the forum previously asking for feedback abt Arlington Heights/Buffalo Grove/Schaumburg.... Our realtor and friends are also recommending looking into Lake Zurich. My husband needs to commute to AH for work and our priority is Above average rated Elementary and Middle School for our kid. Would appreciate if you could share your thoughts on Lake Zurich. Thanks !
  7. Humboldt1
    02-04-2016 07:29 PM - permalink
    Humboldt1
    I believe the CPS teacher with Masters making 56k did not mention if all 8 years teaching have been with CPS. 72k is still the figure for teacher with 8 years at CPS and Masters.

    I also want to commend you for telling the truth about Flossmorr and the south suburbs. Naperville may have high taxes but at least you have good schools. Still, my wife's parents have 200k home in aurora (204 waubonsie) and pay 8k per year in taxes. That is insane. Her uncle has 600k home in Naperville and pays 12k in taxes (204 nequa). I believe paying much more an 2 percent of home's value in taxes does not make sense. That is the problem with area like Flossmorr and also the less affluent parts of district 204.
  8. Humboldt1
    06-15-2015 03:51 PM - permalink
    Humboldt1
    Southsidegal appears to know nothing about Oak Park. Just one or two blocks in makes a huge difference. North and south make much less difference than east and west.

    It would like me as a resident of Oak Park commenting about how Beverly borders Englewood.
  9. Humboldt1
    05-12-2015 08:53 PM - permalink
    Humboldt1
    Hard numbers are hard to refute for Homewood Flossmoor. High property taxes, declining schools and continued white flight do not bode well for these areas and much of the south side. Olympia Fields household income is way down over the past 10 years. I believe we may see similar change in Homewood and Flossmoor in the next decade but time will tell.
  10. Humboldt1
    10-23-2014 08:41 AM - permalink
    Humboldt1
    Welcome back. You were missed. They even created a thread about you not being on the Chicago forum

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  • About chet everett
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  • Last Activity: Yesterday 03:28 PM
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Posted 12-10-2014 at 04:15 PM by chet everett Comments 0
Posted in Lifestyle
Quote:
Originally Posted by Lookout Kid View Post
There is very little correlation between school performance and per-student expenditures. Most urban schools in poor areas are dragged down by the social problems in the surrounding areas and amongst their student populations, and not by a lack of resources. Throwing more money at the school budgets will solve very little.
For school districts like Chicago that manage to select out the best prepared students and send them to the magnet schools then, on paper, spend the same on them...
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I'd say that could use...
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