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Old 05-09-2011, 08:57 AM
 
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I think the focus of desirability is different in Chicago versus California or even New York or possibly DC.

The attraction of Chicago is all about downtown. There is a HUGE gradient in cost of living/price of housing in the greater Chicagoland area. Especially if you think about that gradient between the loop and points south all the way to the south suburbs or northwest Indiana.

Whereas in California, the attraction is more about "California" than it is about the downtown of any city.

New York may even be the same way. While all those coastal metro areas certainly have run-down, non desirable areas, or really sedate, boring areas, the highly sought after, desirableness of those areas are more widespread throughout the metro areas. Its less the case in Chicago.

In Chicagoland there are two Chicagos: Theres downtown/north side which is the slice of the New York lifestyle in the middle of a midwestern metropolis, and there is the rest of Chicagoland, which is more like the other metropolitan areas of the midwest, just a little more expensive, more hispanic presence, and a little better economy, otherwise outside of downtown and north side, its essentiall urban Ohio/Michigan.

Last edited by Tex?Il?; 05-09-2011 at 10:20 AM..
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Old 05-09-2011, 09:01 AM
 
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$2500 + expenses for a 2BR as typical for Chicago?

Pure, unadulterated crap..
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Old 05-09-2011, 10:08 AM
 
13,435 posts, read 15,293,433 times
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Quote:
Originally Posted by MassVt View Post
$2500 + expenses for a 2BR as typical for Chicago?

Pure, unadulterated crap..
Exactly, did they only look at downtown luxury high rises?
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Old 05-09-2011, 10:14 AM
 
Location: Chicago - Logan Square
3,396 posts, read 6,682,899 times
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Quote:
Originally Posted by MassVt View Post
$2500 + expenses for a 2BR as typical for Chicago?

Pure, unadulterated crap..
Exactly. A quick search of Reader rental listings for $2500 and up turns up 4 properties. A search for $0-2000 turns up about 700.
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Old 05-09-2011, 11:22 AM
 
142 posts, read 396,700 times
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Quote:
Originally Posted by smallvillejane View Post
For instance, homes in some of the nice north side neighborhoods (lincoln park, old town, lakeview, river north, streeterville, gold coast etc come to mind) can easily cost $300-400 per sf, and go up to over a $1000 per sf in some of the premier buildings (Trump Tower, Ritz Residences, etc come to mind). Price of renting a 2-3 bedroom home can easily cost $2000-$3000 if not more.
Lincoln Park, Old Town, River North, Streeterville, Gold Coast ... Yes, those are going to be pricey areas ... But did they bother to look at neighborhoods like Rogers Park, Avondale, Logan Square, Portage Park, etc. ?? Those may not be fancy neighborhoods, but they're decent neighborhoods, and 2-3 bedrooms there can be had for half what they claim it costs.

And no way does it cost $2-3k / month for a 2-bedroom in Lakeview.

Quote:
Originally Posted by smallvillejane View Post
Adding insult to injury is the sale tax which is among the highest in the country; gas price, among the highest in the country; income tax, which just had a 50% increase last year. According to a recent study (10 Most Expensive Cities | Made Manual), Chicago is the 4th most expensive city to live in the US, ahead of such crunchy names as San Francisco, Boston, DC, etc.
Ok, yes. But there are more options for affordability. For example, the high price of gas? Not an issue if you take advantage of Chicago's world-class public transit system.

For sales tax, the easiest thing to do is simply shop around. Sure, taxes will kill you if you're shopping at Whole Foods, or hell, even Jewel. But for every Jewel, there's several local, ethnic markets where I can guarantee, selection and prices are going to be better.

I could go on a diatribe, but I won't. I've said it before, and I'll say it again. It's all about living within your means. And in Chicago, quite simply, you get what you pay for.
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Old 05-09-2011, 11:47 AM
 
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Default OMG -- lunacy...

It is the exactly the kind of detachment from reality that allows pols to boost taxes when there are people that believe this nonsense:

Quote:
Originally Posted by oakparkV View Post
...options for affordability. For example, the high price of gas? Not an issue if you take advantage of Chicago's world-class public transit system.

For sales tax, the easiest thing to do is simply shop around. Sure, taxes will kill you if you're shopping at Whole Foods, or hell, even Jewel. But for every Jewel, there's several local, ethnic markets where I can guarantee, selection and prices are going to be better.

I could go on a diatribe, but I won't. I've said it before, and I'll say it again. It's all about living within your means. And in Chicago, quite simply, you get what you pay for.

FOR THE LOVE OF ....!! -- sales taxes ARE THE SAME AT WHOLE FOODS, JEWEL OR DON Saddam Nikolpolis-Ngyuen's All Ethnic Mini-Mart the STATE COUNTRY AND CITY take just as BIG a bite no matter what sort of "coupon clipping" you do.

Chicago does not even a "best in the Midwest" public transit system if cost efficiency is factored in.
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Old 05-09-2011, 11:59 AM
 
Location: Nort Seid
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I'm still scratching my head over the idea that we have low property taxes...
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Old 05-09-2011, 12:01 PM
 
1,743 posts, read 2,357,246 times
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Having lived in NYC, Chicago indeed does seem very affordable by comparison. I don't need to have a car. I didn't have one in NYC and I did just fine. In NYC my rent was $750 a month and that was living in a transitional neighborhood that I didn't really care for with 3 other roommates. From what I am understanding I could have a fairly decent apartment of my own in Chicago for the same price. I don't need to live in a 'posh' neighborhood, just somewhere safe with nearby access to transit lines and a good selection of stores. The more I think about it, Chicago seems like a pretty kick-a@@ town to live in! Lol
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Old 05-09-2011, 12:06 PM
 
28,461 posts, read 78,578,082 times
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Default We don't!

Quote:
Originally Posted by Chi-town Native View Post
I'm still scratching my head over the idea that we have low property taxes...
Property tax burden is high. Sales tax burden in Chicago is ASTRONOMICAL. City vehicle use tax is OUTRAGEOUS. Cost per mile of CTA is HORRENDOUS. Income tax on individuals is lower than surrounding states but corporate rate is attrocious.

Foolish suggestions to shop at other stores are just as unhelpful as folks that do not understand how current deductibility of costs (including taxes) associated with home ownership are one of the few ways that the sting of residing here comes with at tax time...
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Old 05-09-2011, 12:07 PM
 
Location: Lincoln Park
838 posts, read 2,933,998 times
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exactly no matter what store you shop in, you pay the same percentage of sales tax off your grocery bill provided that you are in the same county/city.

Quote:
Originally Posted by chet everett View Post
It is the exactly the kind of detachment from reality that allows pols to boost taxes when there are people that believe this nonsense:




FOR THE LOVE OF ....!! -- sales taxes ARE THE SAME AT WHOLE FOODS, JEWEL OR DON Saddam Nikolpolis-Ngyuen's All Ethnic Mini-Mart the STATE COUNTRY AND CITY take just as BIG a bite no matter what sort of "coupon clipping" you do.

Chicago does not even a "best in the Midwest" public transit system if cost efficiency is factored in.
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