Quote:
Originally Posted by Zapatan
That's insane, that could easily be 1-2 million in NY or California.
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Exactly why my wife and I are considering a move back to Chicago from NYC this year (well she never actually lived in Chicago but yeah..). We are so used to NYC prices - the cost of our 1 bedroom apartment is the equivalent of the mortgage portion of a $750K condo (after downpayment). The 1 bedroom condos in the building next to us start at $1.1M and 20 year old high rises down the street start in the $800s, but the HOA is literally $3600/mo (wtf?).
We'd be looking for a 3 bedroom place in Chicago - who knows where but downtown isn't off the table. It's kind of insane because not far south from where I used to live in Gold Coast, there is a decent 3 bedroom condo (1622 sq ft) for under $700K right now where even with HOA and estimated property taxes, after 20% down... it's only a few hundred dollars per month more than what we pay for our 1 bedroom in NYC..