More Good News for Chicago
- The housing market in the Chicago area is expected to be the weakest of any of the nation's 100 largest metropolitan areas during 2017, leaving opportunity for people to buy homes at affordable prices while perhaps frustrating home sellers.
Both prices and sales will increase, but at a stunted rate compared with other areas, according to a forecast by Realtors.com, a website for the National Association of Realtors. The prices of homes throughout the Chicago metropolitan area are expected to climb just 1.95 percent, and sales of new and existing homes are expected to increase 2.27 percent.
[...] Chicago's problem is a combination of slow growth in both population and jobs, said Jonathan Smoke, an economist at Realtors.com. The area's population is expected to increase only 1 percent next year. Given the size of Chicago, the city should be among the nation's top three markets for job creation, Smoke said. Instead, Chicago is ranked eighth, with job growth much stronger in areas such as Dallas and Phoenix.
Rising crime, rising taxes, rising unemployment, shrinking prospects.
Labels: general
posted by SCC at 12:02 AM
28 Comments:
Hooray. Soon, working stiffs will be poor due to rising taxes, fees,'new' health insurance costs and more...which are utterly outrageous...pols won't have people to pay for their spending monuments and Cgo will go broke. Then, who will bury the victims of killers?
I have been to Dallas and Phoenix. Both are much safer, don't have loony toons city government and are much much nicer places to live. I can think of many large and medium large cities that leave Chicago in dust for livability. I two more years I will be living in one. Thank God I rent so I will not have to try and peddle a house at a loss in the place.
Sell out now!
Chicago's future is "Eight Mile Road."
The only people buying homes in Chicago are new city employees and stupid recruits... Give up the resident bullshit, see how to turn this into Detroit
"...The area's population is expected to increase only 1 percent next year. "
One per cent of what kind of population? Educated, working, tax-paying, law-abiding population, not hardly that ended in the 90's. Now it is the illegal, welfare driven, never-to-learn-English, remove all pork products and create no-go zones population. Obama has bee sneaking them in by the planeload every night.
Come to think of it, isn't Rahm down Mexico way pushing Chicago as a Sanctuary City right now. Right! The violence is so bad here it kept Donald Trump out.
I'll try to put this as simple as possible.
The rich aren't affected by the taxes that much.
The poor aren't affected at all.
The middle class is either on the cusp, or now at a negative balance.
The poor outnumber the middle class.
The politicians cater to wherever the most votes come from, which is the poor, and necessarily must do so at the expense of the non-poor.
The politics in Chicago, and thus the cash flow to run it (taxes and spending), has nothing to do with equality, morality, ethics, civil rights, or law. It's about votes (catering to the poor, and kick backs to rich campaign donors).
The middle class will cease to exist shortly.
Unless you are poor, or live in an area that will likely only be rich people, it's past time to bail!
Too many seller, not enough buyers.
Sad times. Thanks Democrats.
Driving to dinner in the 019th District: Careful, the Red Light Traps, then if you can find a parking space, have quarters or a credit card to pay, we need to send some money to those poor potentates in Dubai.(Thank you Dickhead Daley) Then when you find a legal space to park and pay, 25 cents for 7 minutes, pull your street side mirror in, or you will return to your car and find someone hit it turning into the street where you were parked. Not to worry, they left a note on your windshield: "Yes, hit your mirror, sorry, but fuck you I have no insurance. Have a nice day."(With a happy face on it.) Oh and don't piss off the Aggressive Panhandler with the knife. Is it any wonder people go "Out to Dinner" in the burbs. Free Parking, in some suburbs, they do not even have red light cameras! Yep, living in the City sucks. But, then again if you ride a bike, with a Big: "I am with Her" sticker on your shoulder bag, and are subsidized by Mom and Dad in Iowa; then it could be a Fun Place! As long as your girlfriend/boyfriend isn't "Mounted" by the band of Swedes visiting from the South side, or the Homeless Mental Patient, who meant no harm, but just happened to be Horny. Fuck Chicago and Rahm! Get Out as Quickly as you can, Stay Fetal, or face Indictment! Baby"G"
Thank god I rent. No one in their right mind should be buying a house in this city.
12:49 Tooooooooooo hot 5 months of the year.
Now why wouldn't people want to buy a house in one of the Highest Taxed Cities in the country? A city which also happens to be the Murder Capital of the USA? (I guessed 750 Murders for the year, I think I'll be low, it's already 738)
And as they say, 'There's even more!'... As a **Bonus**, Chicago is a Sanctuary City for Illegal Aliens -- including Violent Criminal Illegals, like Gangbangers and Drug Cartel members -- that Mayor Tiny Dancer vows to protect -- even when faced with the fact that in doing so he will be forfeiting (iirc) $1.5 BILLION Dollars yearly in Federal aide/grant money that Chicago Homeowners will HAVE to make up by paying even HIGHER TAXES!!
So gee whiz, now who wouldn't want to live there?
Retired in May, moved across the boarder to Indiana. Life is beautiful.
That may be true but prices are going up a lot in Lincoln Park, Gold Coast and other yuppie areas.
Was the violence in Chicago so bad it kept the president elect out? Doesn't say much for the city does it.Like Trump or not this sucks. If he won't come with the Secret Service detail why would anyone come here! Ret CPD.
Was the violence in Chicago so bad it kept the president elect out? Doesn't say much for the city does it.Like Trump or not this sucks. If he won't come with the Secret Service detail why would anyone come here! Ret CPD.
More taxes by Corrupt Chicago ,Crook County, More crime in Crap Chicago... Chicago Murder Capitol of America ..Billions for Illinois illegals..way to go democrats Are these Democrat values?
Notice Chicago Alderass O' reily says city too busy to take the Trump sign.
Them Alderfucks don't have the cojones to take down Trump's street sign after bashing Trump .. will President Trump stick it up Rahmbo's ass ?? LOL
Chicago needs BILLIONS$$$ for CTA... From Trump ?? go to see Helen N Waite
plenty of fresh water.
Who would move into this roach infested city (fox, Rahm, prewinkle, stripper ed, fart)? welcome to the new Detroit!
- from The Plan of Chicago of 1909
"Chicago Architect and City Planner, in 1886 Daniel H. Burnham, now a prosperous man, moved his family—he and Margaret had two daughters and three sons—to a sixteen-room house on a six-acre wooded plot by the lakefront in Evanston. This champion of city life explained in another letter to his mother, “I did it because I can no longer bear to have my children run in the streets of Chicago, and because especially I can not stand them being on the South Side.”
– Burnham a prophet had many great visions, except maybe for the Evanston move.
Unless he caused the blight in both places he lived.
Shitheat ghetto rats move closer to good areas causes potential home buys to stay a way. That should explain it to the blind
No one is going to move to Chicago to become a slave to gangs and corrupt politicians.
A cop at work is still using the residency argument to save us from being detroit?....its over pal, your house in 016 or 022 is going to tank regardless. No one wants to live here anymore, and now that intrest rates are going up your home will be worth even less. Dont feel bad im in the same boat as you but im not in denial about it and hanging on to this residency will save my home value b.s. save your family instead. i would gladly let my home forclose if they lifted residency because weather you like it or not its inevitable. turn the lights off since you will be the last one here
Anonymous Anonymous said...
Was the violence in Chicago so bad it kept the president elect out? Doesn't say much for the city does it.Like Trump or not this sucks. If he won't come with the Secret Service detail why would anyone come here! Ret CPD.
12/02/2016 10:09:00 AM
True! He was going to visit his great Trump tower but decided against it! what a disgrace rahm and the 50 idiots have done. Have you noticed brenda oreilly has not got around to removing the Trump street sign even though the idiots voted to remove it! Coward oreilly you and rahm took thousands from Trump in the old bullshit campaign contribution realm, and oreilly you promised to return the cash "as soon as election was over" ok punk move have you returned it yet? Bet on it when Trump justice department comes to town they will grab you by the collar and use the great dirty harry line "do you feel lucky punk?" Well do ya?
Really tired of those that cry about their house not being worth anything if residency is lifted. News flash your house isn't worth much already.
Anonymous Anonymous said...
Really tired of those that cry about their house not being worth anything if residency is lifted. News flash your house isn't worth much already.
12/03/2016 02:21:00 AM
Mine is. A lot.
Anonymous said...
Really tired of those that cry about their house not being worth anything if residency is lifted. News flash your house isn't worth much already.
12/03/2016 02:21:00 AM
???
Easy for you to say when your living in momma's basement
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