What type of people are moving to Chicago? (2015, apartments)

[kynight]

Chicago has a bad image for it's 4 thousand shootings but there's many better qualities people notice.

I think some are cost of living, career opportunities, city amenities, and diversity. Do you disagree with those qualities?

Is UNO's deep dish pizza how it really tastes in Chicago?

[Master Jay]

kynight, I am not a Chicago resident. But I'd be surprised to hear the cost of living would be a "better" quality! I thought one of the bigger complaints was the higher taxes??? You'll need a resident, perhaps, to respond to that one.

The diversity and energy of the city has been my biggest draw to visit, on a weekly basis. There are areas that will be of a predominant ethnic group, or a mixture of ethnic groups, or even areas that seem to have an ethnic flair (restaurants, delis,) when in fact in it is not indicative of the majority if its residents.

I have not had UNO's in years, but you'll never miss out on great food in Chicago, all the way from a Maxwell Street Polish o up!

Master Jay

[Vlajos]

According to census estimates the city is gaining high income and highly educated people and losing lower income and less educated people.

[chet everett]

There are troubling shifts in the trends that used to see folks literally "start out with nothing" and build a life, there are simply fewer opportunities for the traditional minority "work your way up" path, that creates more dependence on a cost structure that includes higher priced units with a greater tax burden -- https://www.citylab.com/equity/2017/...ecline/520611/

...after the city passed the highest property tax rate hike in modern history in 2015, renters have felt especially pinched. “It's really impossible to keep up with rising housing costs,” says Sigcho, of the Pilsen Alliance. “Families have a hard time staying in communities where there are opportunities and they're neglected to areas that are violent, disinvested and without resources.”
..the city that’s made it so hard for working class immigrants to keep afloat is going to have a hard time keeping afloat without them.

[emathias]

Cost of living has been creeping up, especially downtown, and especially with taxes. As recently as just 15 years ago, Illinois and Chicago used to have a total tax load that was approximately the median for the country, but today, by some measures, it has the worst tax burden in the country, and no matter how you slice the numbers it's in the top ten for worst tax burden. And it's going to get worse a long time before it gets better. Chicago has taken steps to increase taxes to meet the needs of pensions, but is approaching the limit of what people will (or, in some cases, even can) accept. The state has also increased taxes to partially deal with the pension issue, but will have to increase even more in order to meet that need. That's going to be very painful for many people. And most of these tax increases will be going to pensioners, so we'll be paying more, but getting nothing tangible in return. LA is paying higher taxes to fund subway expansions, so people pay more taxes, but then get to see actual things that the money built. Chicagoans will be paying more and seeing absolutely nothing in return. Illinois will likely face the choice of either bankruptcy (however that would look for a state), or changing the Constitution and dramatically altering the pension requirements, giving at least some flexibility to make changes that save a lot of money over the long run, but don't cause individual pensioners significant, sudden hardship. Changing the COLA formula, for example, would save a lot overall, but be relatively small sacrifices by individual pensioners.

But we won't know how that all plays out until Illlinois actually decides to come up with a real solution. So far it's mostly just kicked the can down the road, allowing obligations to compound, exponentially increasing the eventual pain for both taxpayers and pensioners.

Source for tax comparison:
https://wallethub.com/edu/best-worst...taxpayer/2416/

[kynight]

Originally Posted by Master Jay

kynight, I am not a Chicago resident. But I'd be surprised to hear the cost of living would be a "better" quality! I thought one of the bigger complaints was the higher taxes??? You'll need a resident, perhaps, to respond to that one.

The diversity and energy of the city has been my biggest draw to visit, on a weekly basis. There are areas that will be of a predominant ethnic group, or a mixture of ethnic groups, or even areas that seem to have an ethnic flair (restaurants, delis,) when in fact in it is not indicative of the majority if its residents.

I have not had UNO's in years, but you'll never miss out on great food in Chicago, all the way from a Maxwell Street Polish o up!

Master Jay

I've seen it where I live when there's no ethnic flair, but still there's several Japanese restaurants. Good food in Chicago seems to be one of the most noted things I hear said.

[kynight]

Originally Posted by Vlajos

According to census estimates the city is gaining high income and highly educated people and losing lower income and less educated people.

This has happened in nyc. I think LA is an exception.

[pvande55]

Hipsters working for the companies moving to Chicago. Despite the downtown building boom, absorption of new apartments remains strong.

[Master Jay]

kynight,

I can tell you that Milwaukee does not have close in Korean food what one could get in Chicago! There have been times when friends and I have come down just to have dinner! I have a favorite Korean restaurant on Western Avenue, just north of Foster Avenue, which has expanded in size and looks nicer and cleaner from the outside.

I would say the same for Chinese food. It is very hard to find a good Chinese restaurant in Milwaukee; but come to Chinatown in Chicago and just take your pick!

Have a great day! Master Jay

[VA All Day]

Big 10 alumni.