CHICAGO | General Discussions - Page 194

marothisu · #**3861** Posted **Jun 12, 2022, 8:53 PM**

Yeah its really not out of the ordinary and it's relative to how many search anyway. More people in NYC may have moved to Chicago versus Denver but the Denver pct could still be larger.

Also yeah there's a lot of CO plates here now LOL I think l there's definite truth to it.

VKChaz · #**3862** Posted **Jun 13, 2022, 6:27 AM**

Quote:

Originally Posted by galleyfox

The number looks perfectly reasonable in the national context.

Philadelphia—> NYC: 11.8%
Boston —> NYC: 11.7%
Seattle —> LA: 8.9%
LA —> Dallas: 15.9%

People tend to disproportionately look for homes in nearby metros. Obviously Redfin does not track people moving for college, moving from overseas, or people who already have family contacts.

But the Chicago numbers are basically saying that if 1000 people were searching for Chicago real estate, 880 already live in Illinois and 120 live outside the state. Of those 120 looking, about 11-12 are from Denver.

That’s intuitive. Denver is close and often more expensive for the Redfin demographic than Chicago

I am seeing different numbers from those that you quote. Like LA to Dallas as 4.1 which seems reasonable.
At any rate, I can see Chicago as a top destination for Denver. But that the presumed number of relocations to Chicago would be greater than the next largest destinations of LA, Phoenix, Seattle, Dallas, Houston, and Miami combined seems off to me. But I have no alternative data so will leave it at that.

tjp · #**3863** Posted **Jun 13, 2022, 12:46 PM**

[wrong thread]

galleyfox · #**3864** Posted **Jun 13, 2022, 1:27 PM**

Quote:

Originally Posted by VKChaz

I am seeing different numbers from those that you quote. Like LA to Dallas as 4.1 which seems reasonable.
At any rate, I can see Chicago as a top destination for Denver. But that the presumed number of relocations to Chicago would be greater than the next largest destinations of LA, Phoenix, Seattle, Dallas, Houston, and Miami combined seems off to me. But I have no alternative data so will leave it at that.

The discrepancies are because of the two different filters, origin and destination.

For the LA to Dallas example

15.9% of out-of-state users looking at Dallas property are from LA

4.1% of LA searches out-of-state are looking at Dallas.

LA is a much larger city than Dallas so even a moderate number searches from LA is a huge portion of the Dallas market.

But in the end how many people are driving 2,000 miles from LA to go house hunting in Chicago? No wonder Redfin is highly skewed toward cities that are close to each other. A serious buyer would rent first, and then look for houses.

VKChaz · #**3865** Posted **Jun 13, 2022, 1:51 PM**

Quote:

Originally Posted by galleyfox

The discrepancies are because of the two different filters, origin and destination.

For the LA to Dallas example

15.9% of out-of-state users looking at Dallas property are from LA

4.1% of LA searches out-of-state are looking at Dallas.

LA is a much larger city than Dallas so even a moderate number searches from LA is a huge portion of the Dallas market.

But in the end how many people are driving 2,000 miles from LA to go house hunting in Chicago? No wonder Redfin is highly skewed toward cities that are close to each other. A serious buyer would rent first, and then look for houses.

I understand people are less likely to go great distances. I don't want to belabor the point but, just to be clear, these are the numbers I question:

Denver destinations --

Chicago 18.7
Los Angeles 4.4
Phoenix 4.2
Seattle 2.7
Dallas 2.3
Houston 2.2
Miami 2.0
Tampa 2.0
Bay Area 2.0

marothisu · #**3866** Posted **Jun 13, 2022, 2:17 PM**

You are reading TOO much into it. It just means there's POTENTIAL demand from X to Y city. It's just searches and doesn't represent people who actually moved. This is merely one subset of the overall picture. There's more than just Redfin first of all. Second of all, you will have many people who aren't even interested in owning anytime soon and therefore aren't going to be looking on Redfin anyway.

The 18.7% one you showed is in and of itself for that area. An 18.7% for Denver is probably smaller than a 3% for NYC area. Did you know that Chicago is 100 miles closer to Denver than LA is? I talked with a coworker who actually grew up in Denver about this. She wasn't surprised that Chicago was #1 as she said going back many years there Chicago was always one of the big places to go for people from there when they wanted to get out of CO.

VKChaz · #**3867** Posted **Jun 13, 2022, 3:15 PM**

Quote:

Originally Posted by marothisu

You are reading TOO much into it. It just means there's POTENTIAL demand from X to Y city. It's just searches and doesn't represent people who actually moved. This is merely one subset of the overall picture. There's more than just Redfin first of all. Second of all, you will have many people who aren't even interested in owning anytime soon and therefore aren't going to be looking on Redfin anyway.

The 18.7% one you showed is in and of itself for that area. An 18.7% for Denver is probably smaller than a 3% for NYC area. Did you know that Chicago is 100 miles closer to Denver than LA is? I talked with a coworker who actually grew up in Denver about this. She wasn't surprised that Chicago was #1 as she said going back many years there Chicago was always one of the big places to go for people from there when they wanted to get out of CO.

Well, that is the point. The only reason to consider this interesting is that is meaningful in talking about relocations. But it isn't difficult to see it being suspect. Is Chicago a major location for people for Denver - probably. Is it necessarily as high as indicated. Quite possibly not. I don't see why this is such a big deal to draw out so is my final comment on it

Chisouthside · #**3868** Posted **Jun 13, 2022, 3:28 PM**

Definitely anecdotal evidence, but I've recently met 2 people from Miami that recently moved here for their career. Also met a uber driver from Miami who told he he moved here because as a service worker you make more money here. A close friend of mine is also from Miami and for the creative field she's in the work prospects are much higher here than in Miami. And also know of another person who is moving here also because of career prospects but also because they like the city.

marothisu · #**3869** Posted **Jun 13, 2022, 3:47 PM**

Quote:

Originally Posted by VKChaz

Well, that is the point. The only reason to consider this interesting is that is meaningful in talking about relocations. But it isn't difficult to see it being suspect. Is Chicago a major location for people for Denver - probably. Is it necessarily as high as indicated. Quite possibly not. I don't see why this is such a big deal to draw out so is my final comment on it

It's not "suspect". That word is reserved for situations where some shady things are at play. This is Redfin posting their search data. There's literally nothing suspect about it.

It's interesting because you can see the trends at the time of which areas of the country are considering moving to various places. 3 years ago the #1 searched from place for Chicago was NYC. Today it's Denver. To me, these trends are interesting as to why, for example, Chicago is semi recently popular with people from various parts of Florida to move to.

marothisu · #**3870** Posted **Jun 13, 2022, 3:57 PM**

Quote:

Originally Posted by Chisouthside

Definitely anecdotal evidence, but I've recently met 2 people from Miami that recently moved here for their career. Also met a uber driver from Miami who told he he moved here because as a service worker you make more money here. A close friend of mine is also from Miami and for the creative field she's in the work prospects are much higher here than in Miami. And also know of another person who is moving here also because of career prospects but also because they like the city.

I know a few others who made the move but 5 years ago . They thought Miami and a few of the burbs they lived in before were too small. Wanted more of a big city thing.

The money aspect makes sense. Miami is actually among the worst places for percentage of house poor people. Actually not just Miami but most of Florida is bad. I think of the major areas maybe only Jacksonville is OK. I have a friend who lived in Chicago for 20+ years and got tired of it so moved to Miami in 2020. He likes it there now but said he has less money left over after housing, transportation, and food than he did in Chicago.

thegoatman · #**3871** Posted **Jun 16, 2022, 10:57 PM**

I heard Supreme (the fashion brand) is opening a store in Wicker Park, is that true?

marothisu · #**3872** Posted **Jun 17, 2022, 1:41 PM**

Quote:

Originally Posted by thegoatman

I heard Supreme (the fashion brand) is opening a store in Wicker Park, is that true?

Yes. A building permit was issued recently for them at 1438 N Milwaukee across from the Taco Bell Cantina.

thegoatman · #**3873** Posted **Jun 17, 2022, 3:21 PM**

Quote:

Originally Posted by marothisu

Yes. A building permit was issued recently for them at 1438 N Milwaukee across from the Taco Bell Cantina.

link? I don't see anything about it online

marothisu · #**3874** Posted **Jun 17, 2022, 7:49 PM**

Quote:

Originally Posted by thegoatman

link? I don't see anything about it online

That's because most news agencies are slow to this shit. I've posted stuff on here and other sites before that takes the news literally 2-3+ months to even pick up on and write about.

https://data.cityofchicago.org/Build...ydr8-5enu/data

Building permit ID 3253889 from 6/14. Look at the owner of the permit (under contact 5) - "CHAPTER 4 CORP. D/B/A SUPREME, LLC" out of NYC.

"SELF CERT CBRC 2019: INTERIOR BUILD-OUT OF GROUND FLOOR RETAIL SPACE TO INCLUDE DEMO NEW PARTITIONS, MECHANICAL, ELECTRICAL AND PLUMBING WORK AS PER PLANS. STRUCTURAL PEER REVIEW INCLUDED. M - MERCANTILE. CONSTRUCTION TYPE III-B"

Here's links showing that Chapter 4 Corp is actually Supreme:
https://www.bloomberg.com/profile/company/0671559D:US
https://trademarks.justia.com/owners...-corp-2296670/
https://opencorporates.com/companies/us_ny/5454957

etc

Mulan · #**3875** Posted **Jun 19, 2022, 11:01 AM**

Supertalls on Chicago Yimby:

https://forum.newyorkyimby.com/t/chi...8-floors/21062

https://forum.newyorkyimby.com/t/chi...-central/18415

left of center · #**3876** Posted **Jun 19, 2022, 7:48 PM**

Quote:

Originally Posted by DCReid

If the Bears move to Arlington Heights, I wonder what would happen to the stadium? Would they tear it down for new development?

The stadium isn't going anywhere. Soldier Field is historic (despite the UFO bowl they put into it in the early 2000s) and the entire city would be pretty upset at anyone proposing it get torn down. Besides, the Bears only played 8 games a year at Soldier. The stadium has many, many other events all year long, from concerts to hosting the MLS Chicago Fire.

The only thing to replace the stadium would be parkland anyway, since private development along the lakefront (east of Lake Shore Drive) is prohibited by the Lakefront Protection Ordinance. You would have an almost impossible legal hill to climb trying to get anything else built there. Just ask George Lucas.

DCReid · #**3877** Posted **Jun 20, 2022, 1:02 AM**

Quote:

Originally Posted by left of center

The stadium isn't going anywhere. Soldier Field is historic (despite the UFO bowl they put into it in the early 2000s) and the entire city would be pretty upset at anyone proposing it get torn down. Besides, the Bears only played 8 games a year at Soldier. The stadium has many, many other events all year long, from concerts to hosting the MLS Chicago Fire.

The only thing to replace the stadium would be parkland anyway, since private development along the lakefront (east of Lake Shore Drive) is prohibited by the Lakefront Protection Ordinance. You would have an almost impossible legal hill to climb trying to get anything else built there. Just ask George Lucas.

I recall that it was delisted as historic because of the renovation. Per Wiki, "On September 23, 2004, as a result of the renovation, a 10-member federal advisory committee unanimously recommended that Soldier Field be delisted as a National Historic Landmark.[37][38] The recommendation to delist was prepared by Carol Ahlgren, an architectural historian at the National Park Service's Midwest Regional Office in Omaha, Nebraska, who was quoted in Preservation Online stating, "if we had let this stand, I believe it would have lowered the standard of National Historic Landmarks throughout the country [...] If we want to keep the integrity of the program, let alone the landmarks, we really had no other recourse." The stadium lost the landmark designation on February 17, 2006..."

Not that it will make much difference given the legal issue you commented on.

left of center · #**3878** Posted **Jun 20, 2022, 1:19 AM**

True, it was removed from the National Register of Historic Places, due to the addition of the modern seating bowl. However, that doesn't mean that the stadium is no longer historic in its own right. The construction of the bowl affected the interior of the stadium, while the exterior still boasts the original 1920's limestone facade and the monumental Doric columns/colonnades.

While the modern addition has been decried as awful and badly clashing with the stadium's neoclassical design, the original seating was pretty bad. The angle of the seating was too low, and you were too far from the field from most vantages. The fan experience has definitely improved with the addition, despite its odd "UFO landed in the Parthenon" look from the outside. Not adding a dome was probably the biggest mistake of the addition, although they honestly should have looked to build a completely new stadium somewhere else in the city instead of pushing for this poorly thought out expansion.

Regardless, at the end of the day the Bears moving won't diminish the stadium's use all that much. It hosts many other activities, including a Major League Soccer franchise which hosts more than twice the home games than the Bears do, so its far from being a white elephant. Let the Bears move to the boonies.

nomarandlee · #**3879** Posted **Jun 20, 2022, 2:50 PM**

My ideal for Soldier Field would be if they took out the 400 level on the west side and perhaps the 200 level on the north side or the stadium. This would allow for the Colonades to be in view again and also give sightlines to the Field Museum from inside the stadium in many cases. Those would be pretty sweet vantage points for a stadium anywhere in the country. That said that would cost many 10's millions of dollars no doubt, and without a compelling reason to shrink the stadium, I'm guessing the city/PD will leave it as is.

SIGSEGV · #**3880** Posted **Jun 21, 2022, 3:50 PM**

Downtown rents at record highs and occupancy at 95% (so it's not just "inflation made everything more expensive!): https://www.chicagobusiness.com/comm...it-record-high

Bring on the obsolete office building conversions?