HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > United States > Midwest


Reply

 
Thread Tools Display Modes
     
     
     
     
  #1  
Old Posted Aug 4, 2018, 1:27 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,373
Quote:
Originally Posted by LouisVanDerWright View Post
Don't listen to TUP Via, he's just a typical white guy...
That’s right, I’m way out of touch.

Today, for example, my wife Betty and I are headed to the Senior early bird special with our friends Burt and Dale and their wives Rose and Myrtle, and after that we’re going out for some Saturday night bingo. My favorite night of the week!

Gotta be in bed by 9 though or else my heartburn begins to act up...
__________________
Supercar Adventures is my YouTube channel:

https://www.youtube.com/channel/UC4W...lUKB1w8ED5bV2Q
Reply With Quote
     
     
  #2  
Old Posted Aug 4, 2018, 7:37 PM
Busy Bee's Avatar
Busy Bee Busy Bee is online now
just a pool of mushy goo
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 12,690
Correlation ≠ Causation
__________________
Everything new is old again

Sic semper tyrannis
Reply With Quote
     
     
  #3  
Old Posted Aug 4, 2018, 8:11 PM
llamaorama llamaorama is online now
Unicorn Wizard!
 
Join Date: Oct 2008
Posts: 4,403
Geez, you guys really turned a small issue into huge fight with hyperbole and grandiose ideological bullshit...

My own opinion would be that the pragmatic approach is to fund things like the riverwalk if they are going to grow the tax base. That way there will be more resources for schools and other public services in the future. Maybe the real solution to the academic achievement gap is to deal with 'upstream' issues like poverty and social ills in those communities, schools are 'downstream' and are overstretched. I understand why some people see varying inequities and make it an issue of 'deservedness', like there are more noble causes the money should go to, but that isn't always a good way to run a city if you can see the big picture.

However I disagree with the reactionary statements made by some about the upper class being more important or 'deserving'. How is paying more taxes proportional to your income the same as having a 'target on your back'. Give me a break. I might be something of a contrarian but I despise the term 'meritocracy'. What is merit? Who decides who has it and who doesn't? Why exactly does a capitalist society need a separate system of merit? Why does someone "deserve" anything?

I like a philosophy based on equal rights, positive and negative. Equal doesn't necessarily mean 'the same', it means we all play by the same rules and have the same worth as human beings. People have a right to pursue economic gain, so naturally some people will have more monetary wealth than others. But people also have positive rights to well-being and inclusion, which demands the existence of a social safety net and civic services.

Last edited by llamaorama; Aug 4, 2018 at 8:39 PM.
Reply With Quote
     
     
  #4  
Old Posted Aug 4, 2018, 9:48 PM
rgolch's Avatar
rgolch rgolch is offline
Registered User
 
Join Date: Dec 2004
Posts: 890
^^^ happy to continue discussing in another thread. We've diverted the topic enough in this thread. But I stand by everything I said.

Anyways... back to general developments
Reply With Quote
     
     
  #5  
Old Posted Aug 4, 2018, 10:12 PM
pilsenarch pilsenarch is offline
Registered User
 
Join Date: Dec 2006
Posts: 894
llamaorama, couldn't agree more.... Unicorn Wizard!
Reply With Quote
     
     
  #6  
Old Posted Aug 4, 2018, 10:13 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,373
^ The bitching and moaning will never cease.

If you don't spend money in a neighborhood, you're neglecting us.

If you do spend money in a neighborhood, you're "trying to kick us out".

Oh, and Rahm has to resign!

Blame blame blame. When that's all you know how to do, that's all you'll ever do.
__________________
Supercar Adventures is my YouTube channel:

https://www.youtube.com/channel/UC4W...lUKB1w8ED5bV2Q
Reply With Quote
     
     
  #7  
Old Posted Aug 5, 2018, 2:37 AM
Via Chicago Via Chicago is offline
Registered User
 
Join Date: May 2006
Location: Chicago, IL
Posts: 5,683
Because you two just so happen to be the single two most outspoken participants on an obscure internet message board dosent mean you speak for the entire city. We get it, you got wealthy on the backs of people losing their homes in the midst an economic collapse, and now on top of it you know what's best for them too. Piss off.
Reply With Quote
     
     
  #8  
Old Posted Aug 5, 2018, 5:23 AM
LouisVanDerWright LouisVanDerWright is offline
Registered User
 
Join Date: Jul 2012
Posts: 7,451
Quote:
Originally Posted by Via Chicago View Post
Because you two just so happen to be the single two most outspoken participants on an obscure internet message board dosent mean you speak for the entire city. We get it, you got wealthy on the backs of people losing their homes in the midst an economic collapse, and now on top of it you know what's best for them too. Piss off.
We get it, you have no valid points and think everyone is a 65 year old entitled white guy who did nothing to earn what they have. Guess what, maybe you should pick up a hammer and bust your ass working a 40 hour a week job while renovting three flats for 40 more hours a week for 4 or 5 years and then come spout your nonsense.

No, it's not valid to complain that fixing the Logan Square traffic circulation is going to hurt poor people. No it's not valid to think that downzoning and limiting the supply of housing will somehow decrease the cost. These kinds of ideas are dangerous and stupid because the results aren't going to match the sales pitch. And when your get your absurdly illogical argument demolished you resort to personal attacks because you percieve others to be something they aren't. How do you arrive at these conclusions? Because to you success is toxic, evil, to be reviled. No one else here is stereotyping people and debasing their opinions based on totally baseless assumptions about people's age and race. There is only one person exhibiting such bigoted behavior.
Reply With Quote
     
     
  #9  
Old Posted Aug 5, 2018, 10:36 AM
Kenmore Kenmore is offline
Registered User
 
Join Date: Jun 2011
Location: Uptown
Posts: 652
Quote:
Originally Posted by Via Chicago View Post
Because you two just so happen to be the single two most outspoken participants on an obscure internet message board dosent mean you speak for the entire city. We get it, you got wealthy on the backs of people losing their homes in the midst an economic collapse, and now on top of it you know what's best for them too. Piss off.
Reply With Quote
     
     
  #10  
Old Posted Aug 5, 2018, 1:51 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,373
Quote:
Originally Posted by Via Chicago View Post
Because you two just so happen to be the single two most outspoken participants on an obscure internet message board dosent mean you speak for the entire city. We get it, you got wealthy on the backs of people losing their homes in the midst an economic collapse, and now on top of it you know what's best for them too. Piss off.
Hilarious, you have no idea what you’re talking about. You want to label us as “wealthy on the backs of others” just for the convenience of making otherwise decent people look like the villains that you really want them to be.

I was doing pretty well long before I ever bought property. I am a doctor, after all, because I studied hard and gave up a lot of the fun that others have in their 20’s. But I guess I did that “off the backs of others” too.

Friggin chip on your shoulder, that’s all this is. Carry that around for the rest of your life, why don’t you?
__________________
Supercar Adventures is my YouTube channel:

https://www.youtube.com/channel/UC4W...lUKB1w8ED5bV2Q
Reply With Quote
     
     
  #11  
Old Posted Aug 5, 2018, 9:07 PM
Investing In Chicago Investing In Chicago is offline
Registered User
 
Join Date: Jun 2017
Posts: 1,569
Quote:
Originally Posted by Via Chicago View Post
Because you two just so happen to be the single two most outspoken participants on an obscure internet message board dosent mean you speak for the entire city. We get it, you got wealthy on the backs of people losing their homes in the midst an economic collapse, and now on top of it you know what's best for them too. Piss off.
It seems as if you have a massive chip on your shoulder, and are angry at successful people. Well I can assure you, most people who are successful, are successful because of hard work, not because they are living off of some trust fund.

Based on your posts that i've read you also come off as anti-small business, or at least anti-small business when it comes to small business' providing housing.

I just closed on a 16 unit apartment building in McKinley Park - I plan on renovating the 6 vacant units, and renting at market rate - does that make me a bad guy? or some sort of Thurston Howell III Aristocrat?

I'm the only son of parents who immigrated to the US in 1981, and grew up in a poor immigrant neighborhood in NYC, my father sold produce on Arthur Ave. in the Bronx for 25 years. I'm the first person in my extended family to graduate college (University of Michigan, class of 2005). I went the first two years of College without buying a single textbook, because I couldn't afford to buy them, and didn't want to take on a loan. I used to borrow books from others in my class and take pictures of the pages. I graduated with a 3.8GPA. Aren't I living the American Dream? At what point, in your opinion, did I turn into a greedy, capitalist monster?

I've made a 7 figure income multiple times in the past 6 years - I don't say that to brag, but to show how proud I am of the hard work I've put in to get where I am. Most people would not work as hard as I work. I flew 93 flight segments over the past 12 months for my full time job, and on the weekends, I manage all of my properties - painting hallways, landscaping, fixing clogged toilets. I know people who desperately need the money, who won't do these types of projects.

I provide housing to dozens of immigrant families throughout the City - as I'm guessing TUP and LVDW do as well.

Successful people are not the enemy in Chicago - in fact, they are the ones keeping this city from a full on collapse.
Reply With Quote
     
     
  #12  
Old Posted Aug 5, 2018, 9:45 PM
bnk bnk is offline
BANNED
 
Join Date: Mar 2006
Location: chicagoland
Posts: 12,734
Top Goggle news

Top Drudge news. CHICAGOLAND: 52 people shot since Friday... Developing...





Yeah that shutting down LSD and marching by Wrigley is really working. No arrests had been made. I mean WTF is going on here. I know it was worse in the past but this is unacceptable. NYC doesn't do this, no other alpha city it the world does it either. Luckily most of them are bad shots, that's what happens when you hold your handgun on the side gansta style.

This is way we can't have good things. Now is the time to blame whitey.
H2 I hope you are not seeing this happens every weekend the temps get above 80 degrees.




http://www.chicagotribune.com/news/l...804-story.html

25 shot in multiple-victim shootings over 2.5 hours in Chicago: 'If they shoot you, they don't even run'

Four people were shot in the 1600 block of South Avers in Lawndale. Eight in the 1300 block of West 76th Street in Gresham. Six in Lawndale again. Four more in West Humboldt Park. Three others in West Garfield Park.
At least 41 people were shot from 11 a.m. Saturday through Sunday morning, four fatally, police said at a Sunday afternoon news conference. Three of those deaths happened since about midnight in a period when 35 people were shot. During one 2½-hour early-morning period alone, 25 people were shot — two fatally — in five multiple-injury shootings, police said.

One of the dead was a 17-year-old girl who was shot in the face.
Another fatality happened after sunrise, when four more were shot in South Austin.

Resources at local hospitals were taxed as victims and their families poured in. Access to Stroger Hospital was tightened. At one point, more than 200 people had converged on the hospital. Mount Sinai Hospital had to stop accepting new emergency cases for a while.
At least 16 of those shot were teenagers. At least a dozen were 17 or younger. In the shooting in Gresham, seven of the victims were 21 or younger.




One man stood by himself, leaning his back against a chain-link fence on the north side of 16th Street, watching police work the large crime scene to his east. He estimated more than 1,000 people had been there. He talked freely but did not want to be named. He’s lived in the neighborhood his whole life.

“I know the rules,” he said.
The man had been on his way out when he heard the gunshots, he said. He commented on the brazenness of shootings he’s grown accustomed to.
“If they shoot you, they don’t even run,” he said. “They just walk away, they ain’t trying to run.”



Others congregated at Mount Sinai Hospital, leaning against cars and embracing on the sidewalk. Yellow crime scene tape encircled two cars outside the emergency room, a white sedan and a black one that had its front crumpled and windshield cracked.
Mount Sinai’s emergency department for a few hours was on bypass and accepting no new emergencies “just because of the sheer amount of shootings,” said spokesman Dan Regan.

Ald. Walter Burnett, 27th, stopped by to speak with the families. Burnett said the shootings affect whole families and entire communities, as evidenced by the crowd outside Stroger.



Burnett said it’s up to the neighborhoods to stop the violence. He talked about growing up in the former Cabrini-Green housing project.
“It was the mothers, it was the preachers, it was people in the neighborhood who stopped the wars in Cabrini Green,” he said. “It wasn’t the police.”


Activist Eric Russell, an organizer of the anti-violence protest Thursday that shut down Lake Shore Drive, also spoke outside of the hospital.
“This is the reason why we march,” he said.




About 10 minutes earlier in West Garfield Park, three women standing on a front porch were wounded when two groups of males started shooting at each other about 2:25 a.m. in the 4700 block of West Gladys Avenue, police said. A 29-year-old woman shot in the back and 28-year-old woman shot in the left arm were taken to Stroger and stabilized. A 41-year-old woman shot in the right thigh was stabilized at Loretto Hospital.




Just after midnight in Lawndale, four people were shot at a block party in the 1600 block of South Avers. Two people got out of a white Chevrolet Impala, fired into the crowd and left, police said.



A 17-year-old girl shot in the knee was stabilized at Little Company of Mary Hospital in Evergreen Park. Another 17-year-old girl shot in the left leg was stabilized at Christ. An 18-year-old man shot in the buttocks was stabilized at University of Chicago Medical Center. A 19-year-old woman shot in the left hand was stabilized at Holy Cross Hospital. A 14-year-old girl shot in the left hand was also stabilized. A 21-year-old woman shot in the left leg was stabilized at University of Chicago. A 35-year-old man grazed in the head was stable at Holy Cross. A 19-year-old man shot in the left leg was taken to St. Bernard Hospital and stabilized.
Shortly after 12:20 a.m. in Lawndale, an 18-year-old man was shot multiple times in the 4100 block of West Cullerton Avenue. Witnesses were not cooperative, and the man was taken to Stroger under guard, police said.





Around 12:50 a.m. in West Humboldt Park, four people were injured in a drive-by shootout the 900 block of North Karlov Avenue. Two people fired shots from inside a black Cadillac, and three of the people hit shot back, causing the car to crash. The two in the car ran from the scene. A 43-year-old man walking down the street was shot in the thigh during the crossfire, police said. The other three people shot were a 30-year-old man hit in the right ankle and left calf; a 43-year-old man shot in the thigh; and a 29-year-old man grazed in the chest. All were taken to Stroger in good condition.

...

Last edited by bnk; Aug 5, 2018 at 9:55 PM.
Reply With Quote
     
     
  #13  
Old Posted Aug 5, 2018, 9:47 PM
bnk bnk is offline
BANNED
 
Join Date: Mar 2006
Location: chicagoland
Posts: 12,734
https://www.aljazeera.com/news/2018/...105606521.html



Does drill rap incite violence in Chicago?


This controversial genre of music has been widely criticised in the US media for its violent lyrics and images.

by John Hendren
2 Aug 2018


Drill rap is a musical niche that has spread around the globe from the streets of Chicago's South Side, bringing its violent images with it.
Critics say it is also bringing violence itself, with social media spats among rappers erupting into real life gunfights.
But does the music simply reflect the violence in many urban neighbourhoods, or does it foment it?
Al Jazeera's John Hendren reports from Chicago.





Video Link

Last edited by bnk; Aug 5, 2018 at 9:57 PM.
Reply With Quote
     
     
  #14  
Old Posted Aug 5, 2018, 10:13 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,373
Quote:
Originally Posted by Investing In Chicago View Post
I just closed on a 16 unit apartment building in McKinley Park - I plan on renovating the 6 vacant units, and renting at market rate - does that make me a bad guy? or some sort of Thurston Howell III Aristocrat?
.
You know what pisses me off?

About 6 years ago I had the opportunity to buy a 24 unit in McKinley Park for about $650k.

And I passed on it.

Damn!
__________________
Supercar Adventures is my YouTube channel:

https://www.youtube.com/channel/UC4W...lUKB1w8ED5bV2Q
Reply With Quote
     
     
  #15  
Old Posted Aug 5, 2018, 10:22 PM
Via Chicago Via Chicago is offline
Registered User
 
Join Date: May 2006
Location: Chicago, IL
Posts: 5,683
I dont begrudge anyone for having careers or finding success in life (although I tend to when the success is the result of predatory or economically exploitative actions). Im also not really interested in anecdotal stories of bootstraps and gumption by top 5%'ers in this country, as if timing and luck dont play equal roles. If you're at that level guess what, statistically nearly everyone you pass on the street is worse off than you are, and your story is not somehow the norm. We only tend to hear from the winners in our economic system, and as a result it distorts the way people perceive the way the system really works, or the way the odds are actually stacked. Its pure propaganda fed to the working class to keep them docile and in-line because "one day this could be you!" We're not hearing from the losers or the people who had their only homes foreclosed on during the financial crisis (forget owning investments) just so that other people could swoop in and ride massive profits a decade later. Where is their voice represented in all of this? Wheres the voice of the people who came from similar circumstances as your own and never got out? Its disingenuous of you to say "most people would not work as hard as I work" when there is a huge working/poverty class in our country that puts in insanely grueling hours at multiple jobs and sacrifices to their health simply to put food on the table. Who have seen their earnings hold stagnant for decades and their purchasing power drop, while at the same time the social safety net is systematically dismantled by the rich and powerful (and who have the opportunity to re-write the rules to favor themselves) who then have the audacity to tell them "you just need try harder". Does falling ass backwards into some rental properties that just so happened to hugely appreciate at the time you owned them, give a person the right to swagger through some of the poorest neighborhoods of the city in a leisure suit and a swinging dick acting like they hold all the answers regarding success in this country because they are fortunate enough to be landowners? Is that "contribution" to society somehow greater than that of people in countless other lines of work making infinitesimally less? Is a neighborhood the physical buildings themselves, or the people who inhabit them? Because I see a genuine lack of concern or empathy regarding the people for whom "the dream" never materializes. A shred of humbleness and self awareness dosent hurt but I guess a person who dosent possess it cant really display it.

But yea, dang, if only the family making minimum wage could have just scooped up that investment property for 650k, maybe everything would be different in their lives.

Last edited by Via Chicago; Aug 5, 2018 at 10:33 PM.
Reply With Quote
     
     
  #16  
Old Posted Aug 5, 2018, 11:43 PM
Investing In Chicago Investing In Chicago is offline
Registered User
 
Join Date: Jun 2017
Posts: 1,569
Quote:
Originally Posted by Via Chicago View Post
I dont begrudge anyone for having careers or finding success in life (although I tend to when the success is the result of predatory or economically exploitative actions). Im also not really interested in anecdotal stories of bootstraps and gumption by top 5%'ers in this country, as if timing and luck dont play equal roles. If you're at that level guess what, statistically nearly everyone you pass on the street is worse off than you are, and your story is not somehow the norm. We only tend to hear from the winners in our economic system, and as a result it distorts the way people perceive the way the system really works, or the way the odds are actually stacked. Its pure propaganda fed to the working class to keep them docile and in-line because "one day this could be you!" We're not hearing from the losers or the people who had their only homes foreclosed on during the financial crisis (forget owning investments) just so that other people could swoop in and ride massive profits a decade later. Where is their voice represented in all of this? Wheres the voice of the people who came from similar circumstances as your own and never got out? Its disingenuous of you to say "most people would not work as hard as I work" when there is a huge working/poverty class in our country that puts in insanely grueling hours at multiple jobs and sacrifices to their health simply to put food on the table. Who have seen their earnings hold stagnant for decades and their purchasing power drop, while at the same time the social safety net is systematically dismantled by the rich and powerful (and who have the opportunity to re-write the rules to favor themselves) who then have the audacity to tell them "you just need try harder". Does falling ass backwards into some rental properties that just so happened to hugely appreciate at the time you owned them, give a person the right to swagger through some of the poorest neighborhoods of the city in a leisure suit and a swinging dick acting like they hold all the answers regarding success in this country because they are fortunate enough to be landowners? Is that "contribution" to society somehow greater than that of people in countless other lines of work making infinitesimally less? Is a neighborhood the physical buildings themselves, or the people who inhabit them? Because I see a genuine lack of concern or empathy regarding the people for whom "the dream" never materializes. A shred of humbleness and self awareness dosent hurt but I guess a person who dosent possess it cant really display it.

But yea, dang, if only the family making minimum wage could have just scooped up that investment property for 650k, maybe everything would be different in their lives.
Not sure what you mean that we are not hearing from "the losers or the people who had their only homes foreclosed on during the financial crisis"...Do you mean on this website? It's a free site, they can just as easily as post as anyone else. In real life? I hear from these people quite often - in fact, I've bailed many of them out.
I don't know about you, but as a kid growing up, my parents told me if I wanted to be successful in this country, I needed an education, and I needed to work hard, and I did. The vast majority of my peers growing up, who came from similar backgrounds, decided they would rather party on the weekends, and do cocaine and gamble than study and go mo lawns at 8a on Saturday to save up some cash. All of those kids who didn't take school seriously, didn't bust their ass to get ahead, are some of the ones struggling today. You make your bed...I have sympathy for many people who are struggling, and especially have a soft spot for the Children of these families, and the elderly, but there are too many in the city (and this Country) who are in their physical prime, and are capable of working, but have a poor me attitude, and want a handout. Life is tough, and it isn't fair. Get over it, and make it happen.
To bring this back to the river walk renovation, Downtown is the economic engine of the entire region, and is FREE to all, and benefits literally hundreds of thousands of people...
Reply With Quote
     
     
  #17  
Old Posted Aug 6, 2018, 2:27 AM
LouisVanDerWright LouisVanDerWright is offline
Registered User
 
Join Date: Jul 2012
Posts: 7,451
Quote:
Originally Posted by Via Chicago View Post
I dont begrudge anyone for having careers or finding success in life (although I tend to when the success is the result of predatory or economically exploitative actions). Im also not really interested in anecdotal stories of bootstraps and gumption by top 5%'ers in this country, as if timing and luck dont play equal roles. If you're at that level guess what, statistically nearly everyone you pass on the street is worse off than you are, and your story is not somehow the norm. We only tend to hear from the winners in our economic system, and as a result it distorts the way people perceive the way the system really works, or the way the odds are actually stacked. Its pure propaganda fed to the working class to keep them docile and in-line because "one day this could be you!" We're not hearing from the losers or the people who had their only homes foreclosed on during the financial crisis (forget owning investments) just so that other people could swoop in and ride massive profits a decade later. Where is their voice represented in all of this? Wheres the voice of the people who came from similar circumstances as your own and never got out? Its disingenuous of you to say "most people would not work as hard as I work" when there is a huge working/poverty class in our country that puts in insanely grueling hours at multiple jobs and sacrifices to their health simply to put food on the table. Who have seen their earnings hold stagnant for decades and their purchasing power drop, while at the same time the social safety net is systematically dismantled by the rich and powerful (and who have the opportunity to re-write the rules to favor themselves) who then have the audacity to tell them "you just need try harder". Does falling ass backwards into some rental properties that just so happened to hugely appreciate at the time you owned them, give a person the right to swagger through some of the poorest neighborhoods of the city in a leisure suit and a swinging dick acting like they hold all the answers regarding success in this country because they are fortunate enough to be landowners? Is that "contribution" to society somehow greater than that of people in countless other lines of work making infinitesimally less? Is a neighborhood the physical buildings themselves, or the people who inhabit them? Because I see a genuine lack of concern or empathy regarding the people for whom "the dream" never materializes. A shred of humbleness and self awareness dosent hurt but I guess a person who dosent possess it cant really display it.

But yea, dang, if only the family making minimum wage could have just scooped up that investment property for 650k, maybe everything would be different in their lives.
So I have him figured out, he doesn't have a chip on his shoulders, he's just one of those kids who was told there was a boogeyman under his bed who never had the gumption or bothered to actually get out of bed and look underneath to see if there was actually something there.

Here's the deal, you obviously haven't tried it. You haven't tried to make money buying property on a low income, you don't know what it's like. I know you don't want anecdotes, but just on one block in Little Village I know half a dozen people who DID it. Where do you think I came from myself? Do you think daddy just wrote me a six figure check to play with?

No, I started off with $50k in student loan debt, a $38k/year job (which I was lucky to even have since it was 2010), and saved up my first $5,000 which I used as a downpayment on a $135k two flat just outside of Logan Square. I busted ass 40 hours a week at my job and worked 30 or 40 more hours a week renovating my apartments until 1 or 2 AM every night. Yeah, I got lucky with timing, but I also had the balls to actually jump in when everyone else was running away as fast as they could. Yeah I got lucky getting a job right away, but I also found a job in college before shit hit the fan and busted ass working 20-30+ hours a week the entire time I was in college so I actually had some experience. Yeah I happened to know a bit about real estate, but I got my brokers license while I was still in school and made my interest in RE my passion.

Just on my block in Little Village there's myself, who started on that block with a 6 flat I literally got for free from a bank (again, not screwing anyone here except the bank who had already taken it back from a negligent wannabe developer who started a gut rehab to turn a 6 flat into an illegal 10 flat with no permits) by putting my head on the demo court chopping block, my neighbor who grew up at 21st and Damen (and by the way his Mexican immigrant dad bought the 5 unit that he grew up in and was very successful with it himself despite no education and empty pockets upon arrival here) who owns two two flats on the block that he managed to buy for $30k and $50k on a bank teller's wage, and another neighbor who is older, but doesn't speak a word of English and has managed to accumulate 9 rental properties and spent the money on a 10th property which is a nice house in Oak Park that he moved his family to for the good schools.

That's one block, three different people from different backgrounds who all pulled off what you say is impossible, starting with nothing but low wage jobs and building up to multiple rental properties. An immigrant, a second generation American, and a multi generational American. It's not impossible, it's only impossible if you don't want to try. In fact, you say we aren't aware of our luck or the help we get, but guess what, I'm very aware that I couldn't have done what I did without a boost from an FHA loan, but guess what, that same boost is available to literally everyone here. The only difference is that I decided to take that boost and not to be afraid in 2010 and Via apparently didn't.


Finally, you go on and on about people taking advantage of others. Who was taken advantage of? These homes were already lost to the bank? What did I have to do with that? I just came along and cleaned up the mess. It's ironic that you decry the average family not being able to afford to pick up a $650k 24 unit building, but have you any idea how deranged that is? That's why the last mess happened, a lot of people were able to buy stuff that they couldn't afford or shouldn't have been allowed to own. If a poor family on a minimum wage just jumped in and bought a 24 unit building would you really be surprised if they lost it a few years later? No, you don't just jump in like that, you need to start small. That 24 unit building was $27k/unit. That means a 2 or 3 flat, maybe even a 4 flat, could have been had for less than $100k. With an FHA loan that means a downpayment of less than $5k. Oh and you can count the income from the building you are buying as your own on an FHA loan so don't tell me "they won't qualify". All you need is W2 income and a semi decent credit score (540+). You don't start out buying 24 unit buildings, that's absurd and, frankly, fucking stupid. The fact that you are trying to use that as some sort of knock against TUP just shows that you are one of the boneheads who pushed for the lax regulations and subsidies that led to the crash. It's probably a good thing you aren't in this business yourself because who knows what trouble you would have gotten yourself into by now with that line of thinking.
Reply With Quote
     
     
  #18  
Old Posted Aug 5, 2018, 10:10 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,373
^ Bnk, get a goddamned grip, man
__________________
Supercar Adventures is my YouTube channel:

https://www.youtube.com/channel/UC4W...lUKB1w8ED5bV2Q
Reply With Quote
     
     
  #19  
Old Posted Aug 5, 2018, 10:56 PM
ChiMIchael ChiMIchael is offline
Registered User
 
Join Date: May 2009
Posts: 344
Absolutely no one should have to apologize for being successful. The problems lies with some people to want to trivialize immense problems in the city so they can live in their bubble. In turn, people have less incentive to add on the the successes of the city.
Reply With Quote
     
     
  #20  
Old Posted Aug 6, 2018, 2:41 AM
Via Chicago Via Chicago is offline
Registered User
 
Join Date: May 2006
Location: Chicago, IL
Posts: 5,683
Quote:
It's ironic that you decry the average family not being able to afford to pick up a $650k 24 unit building, but have you any idea how deranged that is?
I'm not sure I could have laid on the sarcasm any heavier.

The point is, plenty of people work hard in life, and regardless of whether they do so flying cross country every week to tend to investments or getting up at 3AM to bake bread every morning for minimum wage, or teaching kids science, the economic rewards for each are vastly different. Some of the most noble careers in life pay very very little. Bragging about 6-7 figure real estate investment returns (which is more or less a form of gambling) when 60% of the country has less than 1000 in savings (and seniors are declaring bankruptcy is increasingly record numbers is really not a good look and displays a lack of appreciation for what the situation really is for the vast majority of our peers in this country. The recovery has perhaps come for you several times over, but many are still hanging out in the cold. And I'm the one advocating for irresponsible behavior? Dude, you're the one who appeared in a video titled "Little Village - Real Estate Gold Mine". What kind of message does that send to people, that you're framing A) a poor neighborhood as some sort of "gold mine" to be harvested, and B) real estate investment as some sort of sure thing/can't loose proposition? I don't think I'm the one channeling a go-go 80s "greed is good" philosophy here

Last edited by Via Chicago; Aug 6, 2018 at 2:44 PM.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > United States > Midwest
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 3:32 AM.

     
SkyscraperPage.com - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.