Posted Sep 14, 2005, 6:16 PM
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Registered User
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Join Date: Dec 2004
Location: usa
Posts: 2,245
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To my knowledge, Chicago has never truly experienced a bust in residential real estate. Unlike both coasts that have huge swings in pricing, Chicago has always experienced a steady climb without much fluctuation. For this reason, real estate investments have always been a prudent choice in Chicago....and for that matter, the Midwest in general.
I also think this project has a fairly good chance. I think it is just a matter of supply and demand. Are there really that many people that desire a downtown condo these days? There is a lot on the market right now.
If America's economy tanks, there may be fewer people buying Chicago's downtown condos just to flip them and make a profit.
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