Quote:
Originally Posted by the urban politician
Why not rent?
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my thought exactly.
jtown, why do you seem so hellbent on moving to chicago and buying property ASAP?
just rent for a while, get the lay of the land, and then if you feel like planting some longer term roots here, assess the property tax situation and either buy or don't buy.
for the stage of life that you're in, you'd be a fool to let potential future property tax increases preclude you from giving urban living in chicago a try.
it is a concern for those of us who have already planted roots here (especially those of us who own), but if you came here and rented for a while, that would all be future stuff for you to worry about, not a good reason not move here.
and while chicago property taxes are relatively high, what other 1st tier urban US city can you buy a 3 bed/3 bath 2,300 SF family-sized home in a good neighborhood with good schools for ~$400K? yeah, my property taxes may be ~$700 month, but my monthly mortgage payment is still just a fraction of what such a home would cost to own in urban NYC, SF, LA, DC, or Boston.
chicago and philly are really the only 1st tier urban bargains left in the US.
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