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  #2881  
Old Posted Aug 15, 2020, 12:08 AM
the urban politician the urban politician is offline
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Originally Posted by skysoar View Post
Of course Chicago will recover, in the age of covid-19 i would not draw any conclusion to any great cities future. All large cities are going through great adversities now but its not time to announce their demise.
I agree

It’s a very rough road ahead, but Chicago is “too big to fail”
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  #2882  
Old Posted Aug 15, 2020, 4:03 AM
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Steely Dan Steely Dan is offline
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Originally Posted by OrdoSeclorum View Post

But it’s been this guy’s schtick for years. He complains about taxes. He loves New York and it’s so much better than other cities. He’s moving to exurban Minnesota. Do whatever you want, but say it once and then stop begging for attention or validation. It’s boring if it’s just neurotic. But whatever it is, it’s lame and I won’t miss it.


So true.
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  #2883  
Old Posted Aug 15, 2020, 11:49 AM
Investing In Chicago Investing In Chicago is offline
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Originally Posted by OrdoSeclorum View Post
Investing in Chicago and I have similar jobs and similar tax situations. I could live anywhere and I choose Chicago because, on balance, it’s the best.
First off you don’t know my financial situation (good or bad) so how could you know my tax situation?, secondly, how is it relevant?
Also I’m glad Chicago works for you, it clearly works for a lot of people.
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  #2884  
Old Posted Aug 15, 2020, 11:59 AM
Investing In Chicago Investing In Chicago is offline
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Quote:
Originally Posted by OrdoSeclorum View Post
I’m not “attacking” anyone. But to the extent someone hops onto an urbanist, city specific message board just to say he doesn’t like it, well, that’s a bit gauche, but it happens all the time. Cynical folks always want to share it and it’s not worth commenting on.

But it’s been this guy’s schtick for years. He complains about taxes. He loves New York and it’s so much better than other cities. He’s moving to exurban Minnesota. Do whatever you want, but say it once and then stop begging for attention or validation. It’s boring if it’s just neurotic. But whatever it is, it’s lame and I won’t miss it.
I really like Chicago, the greatest summer city in the country. You surly have me confused with someone else if you think I engage here to bash Chicago. What I don’t enjoy about this city is the corruption and endless tax increases that don’t solve any of the issues the city faces. I also don’t want to raise my kids in neighborhood where the public schools aren’t an option. I’m 37 years old and have a 2 year old and a 3 month old, that’s a very long time to put up with dysfunctional schools and endless property tax increases.

I’m also confused on what you won’t miss? Do we know each other? Don’t worry, I’ll still be in Chicago, probably monthly, tending to my buildings and my customers.

Not that it’s here nor there, but wayzata,MN isn’t the “exurbs” of Minneapolis. It’s probably the wealthiest part of the metro area (homes more expensive than Southport coorodor) and a vibrant downtown. It’s 15 min from downtown MPLS, not that I give a shit about downtown Minneapolis.
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  #2885  
Old Posted Aug 15, 2020, 8:12 PM
pianowizard pianowizard is offline
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Originally Posted by BrinChi View Post
Chicago made one of these lists in a positive way:

https://www.forbes.com/sites/advisor.../#9ebad6760a68

"Chicago received more home shopping attention on Zillow this year than it did last, with the majority of traffic coming from St. Louis, Milwaukee and Boston.[/I]
I was contributing to this traffic because I was looking to buy my second home in Chicago. But in light of the recent unrest and worsening homicides, I have picked another city for my second home. The recent looting on the Magnificent Mile was the last straw for me, as I had planned to live in that area. Downtown Chicago is simply not safe any more.
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  #2886  
Old Posted Aug 15, 2020, 9:11 PM
twister244 twister244 is offline
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Originally Posted by glowrock View Post
Oh, thanks so much for the condescending comments. Since I'm a renter, I obviously don't comprehend the concept of property taxes and how wealth-building and management and leveraging occurs.

God, sometimes I realize how much I truly DESPISE this forum, sometimes.

Aaron (Glowrock)
I'm not being condescending. I'm explaining to you the difference in mindset between someone who rents versus someone who owns. Up until two years ago, I rented, and I never paid attention to property taxes, or local gov't policy nearly to the extent that I do now. Why? Because I own a condo now.... which means I am invested into the place I live in. When you rent, you are not invested at all in where you live. Yes, you care about the quality of the building, your neighbors, etc, but it's nothing compared to when you own. Why? Because you have the luxury of simply walking away from it when you lease is up.

Again, I love Chicago. If this pandemic happened to me with my current company 5-10 years ago, I probably would take advantage of remote work and just move to Chicago and work remotely permanently while renting. But, now that I own and want to continue to own, if I were to move there, it would entail buying a place. But, amount of money I would pay in taxes monthly (along with the other local taxes), and uncertainty given everything that's happening, I won't be making any moves until the city/state get their shit together. If Chicago (and Illinois) cut property taxes tomorrow, reform pensions, and make some assurances that the city is on the right path, then hell yeah I will move there tomorrow. This is especially true given the real estate prices there right now.

Again, not being condescending. Being a renter has it's advantages too, especially if you are single.
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  #2887  
Old Posted Aug 24, 2020, 2:06 AM
Vlajos Vlajos is offline
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Quote:
Originally Posted by twister244 View Post
I'm not being condescending. I'm explaining to you the difference in mindset between someone who rents versus someone who owns. Up until two years ago, I rented, and I never paid attention to property taxes, or local gov't policy nearly to the extent that I do now. Why? Because I own a condo now.... which means I am invested into the place I live in. When you rent, you are not invested at all in where you live. Yes, you care about the quality of the building, your neighbors, etc, but it's nothing compared to when you own. Why? Because you have the luxury of simply walking away from it when you lease is up.

Again, I love Chicago. If this pandemic happened to me with my current company 5-10 years ago, I probably would take advantage of remote work and just move to Chicago and work remotely permanently while renting. But, now that I own and want to continue to own, if I were to move there, it would entail buying a place. But, amount of money I would pay in taxes monthly (along with the other local taxes), and uncertainty given everything that's happening, I won't be making any moves until the city/state get their shit together. If Chicago (and Illinois) cut property taxes tomorrow, reform pensions, and make some assurances that the city is on the right path, then hell yeah I will move there tomorrow. This is especially true given the real estate prices there right now.

Again, not being condescending. Being a renter has it's advantages too, especially if you are single.
This is a great post. Thanks for being so articulate
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  #2888  
Old Posted Sep 1, 2020, 4:35 AM
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emathias emathias is offline
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Quote:
Originally Posted by pianowizard View Post
I was contributing to this traffic because I was looking to buy my second home in Chicago. But in light of the recent unrest and worsening homicides, I have picked another city for my second home. The recent looting on the Magnificent Mile was the last straw for me, as I had planned to live in that area. Downtown Chicago is simply not safe any more.
I live a ten minute walk from N Michigan Ave. While the first big looting event was indeed scary, the second one I didn't even know happened because the cops had it under control mostly by daylight and it didn't start until 2am. It was overblown and doesn't intimidate me.
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