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Old 06-11-2009, 02:52 AM
 
69 posts, read 230,188 times
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Question for any people familiar with the NS. Has Glencoe changed recently. I met someone who recently said that Glencoe had taken a turn for the worst but she wouldn't specified what she meant. Anyone have any insight?

SK
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Old 06-11-2009, 09:42 AM
 
28,455 posts, read 84,914,994 times
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It has to be THE MOST costly suburb in Cook Co. -- as a percentage of total homes you won't find another area that has so many homes that have sold for north $2M.

Nutty people that cannot "specify" what they are trying to convey are better ignored...
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Old 06-11-2009, 10:51 AM
 
342 posts, read 1,227,097 times
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if it took a turn for the worst, the worst that could have happened is that the average house price went from 2.5 M to 2.4M.
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Old 06-11-2009, 11:03 AM
mh7
 
102 posts, read 331,186 times
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I bet one of the neightbors bought an american made car - oh the horror!
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Old 06-11-2009, 02:34 PM
 
Location: Chicago
305 posts, read 1,112,212 times
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The only thing that's taken a turn for the worse - and maybe this is what your acquaintance meant - is the housing market. The inventory of high-end homes is pretty astronomical.
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Old 06-11-2009, 07:50 PM
 
29 posts, read 71,960 times
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The public golf course there sucks also though that isn't anything new. Much better rounds to be played in the neighboring suburbs.
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Old 06-12-2009, 10:49 PM
 
Location: Chicago
6,359 posts, read 8,753,138 times
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Any one who has ever driven around Glencoe would know: what it has going for it could not make it "turn worse". What on earth could make quality housing in a North Shore setting go downhill?
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Old 06-13-2009, 12:24 AM
 
1,989 posts, read 4,448,145 times
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Quote:
Originally Posted by edsg25 View Post
What on earth could make quality housing in a North Shore setting go downhill?
Developers, speculators and buyers who are in over their heads. The recent housing market has brand spankin' new mcmansions going on the auction block (with overgrown lawns), burst pipes and collapsed ceilings in stately lakefront mansions, and plenty of flips that FLOPPED and turned into unkempt, deteriorating properties.

It's sad and infuriating. The quaint and historic north shore property of 2001 became the teardown of 2004 and the mcmansion foreclosure of 2009.

Ick.
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Old 06-13-2009, 02:26 AM
 
707 posts, read 1,289,332 times
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please, you are talking about an area where only the top 1% of americans can afford to live.
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Old 06-13-2009, 07:59 AM
 
1,989 posts, read 4,448,145 times
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Quote:
Originally Posted by jimmyP View Post
please, you are talking about an area where only the top 1% of americans can afford to live.

If everyone who lived in Glencoe could afford to live in Glencoe, there wouldn't be a problem. Welcome to 2009:

Glencoe Foreclosures — Trulia.com
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