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Showing Public Visitor Messages 1 to 3 of 3
  1. Humboldt1
    06-19-2016 08:39 AM - permalink
    I don't think that Detroit is booming but may survive as a much smaller population. Good point on the 16 percent pension haircut. Wish we could see something similar in Chicago and Illinois as a whole. Michigan is in much better shape than Illinois.

    I respect that you are invested in RE (me too though in Indiana - though I have one final property in Illiois to sell). Stock market outperforms RE. With the exception of a few boom periods RE averages 2-3 percent over the long haul. I get 12-13 percent average in stocks (past 20 years for me). Only time RE outperformed stocks for me was 2003-2007. Those who bought in 2011 could have seen similar returns 2011-2013, though it has flattened since then.
  2. Humboldt1
    06-18-2016 08:48 AM - permalink
    I hope Chicago declares bankruptcy or gets close enough to force restructuring of pension obligations. Illinois is also in trouble and needs to restructure its pension obligations.

    We currently rent in Oak Park and would like to buy 600-800k home but the taxes are really high, around 15-20k.

    It is actually much worse for my wife's parents who live in 204 part of Aurora (waubonzsie) who pay 8k per year on home worth 200k.

    I think it may take another 10 years for pension thing to truly blow up and am not in a hurry to buy in Illinois. Instead, I am sticking with putting excess funds in stocks.
  3. Gaylord_Focker
    11-11-2013 09:59 PM - permalink
    hows it going?

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