Quote:
Originally Posted by the urban politician
^ Agree. I actually think it is exactly older suburbanites who’ve been here for decades who are most jaded.
Having said that, we can’t really blame them. Think of it this way:
I’m some older dude in the burbs who bought a home 20 years ago and now find that it hardly gained value, or even lost some. All while the property taxes on it doubled (we’ve already discussed this)
Traffic is increasing everywhere
The news talks about pensions, Mike Madigan, and budget wars in Springfield constantly
If I work downtown it’s probably the same ho-hum Metra commute every day, I’m not really exploring the city much.
If I don’t work downtown I probably don’t go into the city very often anyhow, so I’m not taking advantage of all of the opportunities.
I’m aging and the cold winters are getting annoying, and right about now Florida or Arizona are looking appealing.
I can totally understand the viewpoint of that individual, just as much as I can understand Aaron’s excitement in being in a bustling urban city having come from Houston.
Views on homeownership are going to change drastically, particularly in Chicago where a whole generation got burned. Multiunits will pay the taxes, and more people will buy smaller homes that are easier to resell. I think outside of a few niche markets the giant multimillion dollar home is going to become increasingly rare. Even I have resisted the temptation to buy a bigger home. I own a suburban home that’s moderate sized, moderately priced. Why throw my money away on a huge home that I may not be able to resell above the price that I paid for it?
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Except it isn’t any different in any other part of the Midwest. I had a house in Brookfield, WI (MKE suburb) that I owned for 17 years, and last year sold it at a loss (when factoring in that I had to put in a driveway and landscaping). I bought it for 650k, and sold it for 685k, and put waaaaay more than 35k in landscaping and driveway. What’s more, I own two homes. One in Cook County (Trump Tower), and one in Milwaukee county (Kilbourn Tower). Even though my Milwaukee home is assessed at 400k less, I pay 5k more in property taxes than my Chicago home.......
And yet...... there isn’t any where near the self loathing hatred that Wisconsin residents express toward Milwaukee that there is for how Chicagoans act. And at least in Chicago.... the city and suburbs have sooooo much more to offer. For all the attacks on Naperville, there’s actually great restaurants and a cool downtown in Naperville. Now try to find the same in Mequon, River Hills, Brookfield, Pewaukee, etc. They have
ok places to eat. But the wealthy suburbs of Chicago are so far above that of Milwaukee.....
I think Chicagoans have the most severe case of “grass is always greener.” And it’s exacerbated by so much hammering by the National press. Yeah, the winters suck here... but I’ll take our summers any day over Houston or Phoenix.