A New Yorker stumbled upon this article. What do y'all think......? (interest)

[jwaiter]

Thanks.

[jwaiter]

Slightly more than I want to spend, oh well.

[marothisu]

Originally Posted by jwaiter

Thanks.

Two of the apartment high rises I mentioned are U/C right there right now too so it's a nice little concentration of new residential activity right in that same area.

[jwaiter]

Yea, I like the location a lot.

[jonnynonos]

It's idiotic. How are working class people being priced out of anything? First of all, Cabrini was not working class, it was one of the worst ghettoes in the United States.

Secondly, working class people could buy a house in something like 3/4 of the city.

[WizardOfRadical]

Originally Posted by jonnynonos

It's idiotic. How are working class people being priced out of anything? First of all, Cabrini was not working class, it was one of the worst ghettoes in the United States.

Secondly, working class people could buy a house in something like 3/4 of the city.

Yea kind of hard to call some place working class, when most of the people who lived there did not "work".

I saw an article where they were selling plots of land for 5$ in Chicago. Pretty sure even a burger flipper could survive in the city of Chicago pretty easily.

[BRU67]

Originally Posted by WizardOfRadical

Yea kind of hard to call some place working class, when most of the people who lived there did not "work".

I saw an article where they were selling plots of land for 5$ in Chicago. Pretty sure even a burger flipper could survive in the city of Chicago pretty easily.

The fact that some plots are 5 bucks while there's this in the same city shows that there's a definite economic divide that's for sure! This City needs a better and broader economy, and an educational system that produces a more competitive and leas crime prone populace.

[marothisu]

Originally Posted by BRU67

The fact that some plots are 5 bucks while there's this in the same city shows that there's a definite economic divide that's for sure! This City needs a better and broader economy, and an educational system that produces a more competitive and leas crime prone populace.

Well, no actually the $5 or $1 lots are a special program from the city in certain areas that is aimed at making the neighborhoods better by turning over the lots to land owners who aren't in debt to the government who own land on the same block (aka no developers...aka people who own a home and want their yard to expand into the adjacent lot). Not to say that the lots would be so expensive without the program, but they definitely wouldn't be $5 or whatever it is if the city didn't make the program. Anybody who thinks this doesn't know anything about the program nor do they know anything about the land values

Here's a lot in Englewood, a neighborhood with the dollar lots program, that is $24,000:
6334 S Loomis Blvd, Chicago, IL 60636 | MLS #06800849 | Zillow

$17K lot in Englewood: 726 W 66th Pl, Chicago, IL 60621 | MLS #08316090 | Zillow

$40K lot in West Garfield Park: 201 N Kostner Ave, Chicago, IL 60624 | MLS #08312106 | Zillow
$28K lot in WGP: 4018 W Washington Blvd, Chicago, IL 60624 | MLS #08975841 | Zillow

[Mathguy]

The families that used to live close to the high rent district in years back have now been successfully migrated to the other side of the interestates and rail road tracks where they can kill each other in relative anonymity.

Been that way for a looooong time, Cabrini just happened to be an odd outlier with close proximity to one of the nice parts of the city.

[BRU67]

Originally Posted by marothisu

Well, no actually the $5 or $1 lots are a special program from the city in certain areas that is aimed at making the neighborhoods better by turning over the lots to land owners who aren't in debt to the government who own land on the same block (aka no developers...aka people who own a home and want their yard to expand into the adjacent lot). Not to say that the lots would be so expensive without the program, but they definitely wouldn't be $5 or whatever it is if the city didn't make the program. Anybody who thinks this doesn't know anything about the program nor do they know anything about the land values

Here's a lot in Englewood, a neighborhood with the dollar lots program, that is $24,000:
6334 S Loomis Blvd, Chicago, IL 60636 | MLS #06800849 | Zillow

$17K lot in Englewood: 726 W 66th Pl, Chicago, IL 60621 | MLS #08316090 | Zillow

$40K lot in West Garfield Park: 201 N Kostner Ave, Chicago, IL 60624 | MLS #08312106 | Zillow
$28K lot in WGP: 4018 W Washington Blvd, Chicago, IL 60624 | MLS #08975841 | Zillow

Yeah, you're right, sorry. I stand corrected. They do go for more than five bucks. These cost considerably more but look pretty nice (in the context of their environment anyway, which consists mostly of $5...whoops, $17k vacant lots, and foreclosures with all the copper pipes and wires removed).

https://www.redfin.com/IL/Chicago/67...home/13932932#!

6627 S Carpenter St, Chicago, IL 60621 | Zillow

You can buy one and save a couple dollars over a home in edgy Logan Square!

1652 N Campbell Ave, Chicago, IL 60647 | MLS #09140104 | Zillow

2653 W Belden Ave, Chicago, IL 60647 | MLS #08991165 | Zillow