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View Poll Results: Please select from this broader list of neighborhoods under the criteria, what is the best neighborh
Andersonville 2 20.00%
Edgewater 3 30.00%
Hyde Park 1 10.00%
Lincoln Park 2 20.00%
Lincoln Square 6 60.00%
Logan Square 2 20.00%
Old Town 2 20.00%
South Loop 2 20.00%
Streeterville 0 0%
Uptown 2 20.00%
Multiple Choice Poll. Voters: 10. You may not vote on this poll

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Old 03-11-2009, 10:42 AM
 
527 posts, read 1,239,338 times
Reputation: 79

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Please select 3 best neighborhoods to invest in Chicago.

This time I am doing a more comprehensive list as I am interested to see what happens. last time it was Lincoln Square, Logan Square, Uptown, but Edgewater was not in there, and neither was Hyde Park, or Andersonville, or North Center.
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Old 03-11-2009, 10:46 AM
 
527 posts, read 1,239,338 times
Reputation: 79
Please note this time your votes are public. Also, I am not going to be texting on this thread...
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Old 03-11-2009, 11:03 AM
 
Location: Chicago
2,467 posts, read 12,212,966 times
Reputation: 897
I actually think that all of those still aren't the best areas to invest in because they have really gone up in price already. Now, they may be good places to buy in/good places to live and most places are a good investment in general, but you're not going to get extreme increases.

My neighborhood isn't even on there....
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Old 03-11-2009, 11:25 AM
 
527 posts, read 1,239,338 times
Reputation: 79
Default what neighbohood

Jesse, let's not post on this one, just PM me everyone please. What is your neighborhood? Can I add it still or is it too late?

Quote:
Originally Posted by jessiegirl_98 View Post
I actually think that all of those still aren't the best areas to invest in because they have really gone up in price already. Now, they may be good places to buy in/good places to live and most places are a good investment in general, but you're not going to get extreme increases.

My neighborhood isn't even on there....
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Old 03-11-2009, 12:23 PM
 
11,973 posts, read 31,631,358 times
Reputation: 4641
The best neighborhood to buy in is the one you want to stay in for several years. Even in this economic and housing downturn, Lincoln Park and Lakeview have been holding their value better than most of the city. Why? Because they will always be desirable places to live and don't require market forces to "transform" the neighborhood in the future.
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Old 03-11-2009, 01:22 PM
 
527 posts, read 1,239,338 times
Reputation: 79
That's why I added them. Let's see what people think...
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Old 03-11-2009, 01:25 PM
 
11,973 posts, read 31,631,358 times
Reputation: 4641
Right now a place "holding its value" is better than a place with potential. That's my two cents. I'd rather be near the Lincoln Park lakefront right now instead of Uptown as a homeowner, that's for sure.
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Old 03-11-2009, 01:43 PM
 
527 posts, read 1,239,338 times
Reputation: 79
From a buyer's perspective, you have to also consider what people want.

The consumers haves desires. The typical Chicago consumer wants:

-Convenience of location
-Plenty of living space and OPTIMALLY growth space even in their first Condo
-Significant and local entertainment options
-A neighborhood community
- A price that won't put them into foreclosure if they lose a job or become underemployed for a time.


So I think the neighborhood that wins will have a high utility weighted between these items...
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Old 03-11-2009, 02:57 PM
 
Location: Chicago
2,467 posts, read 12,212,966 times
Reputation: 897
Why are we PM-ing? I'm confused.....

Mine is East Rogers Park. I chose it because I was able to get a lot of bang for my buck, can walk to work, got garage parking included (single car garage), have a shared yard, and I still have a lot of family owned stores in the area which are nice. I can also walk to work (well, 3 days of the week).

We also chose it because we plan on staying for at least 3-5 years. If we had a lot more to spend, we may have chose a different neighborhood, but I'm glad that we chose ours.
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Old 03-11-2009, 03:13 PM
 
527 posts, read 1,239,338 times
Reputation: 79
Man I forgot about Roger's Park. Sorry can you close this and I'll restart it with a more full list? PMing so certian members don't get use this as a forum to bash my views...
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