What areas to invest in for real estate?

[chet everett]

Originally Posted by Vlajos

The top sub markets in the region are all in the City. Probably best bet to stick with Chicago neighborhoods.

http://www.chicagobusiness.com/reale...cago-zip-codes

The current property tax scheme that results in disproportionately low property taxes for City of Chicago was part of the corrupt scheme Cook County Democratic Party President / Assessor Joe Berrios ruled over. Now that Berrios has been defeated and an assessor with no apparent ties to the criminal appeals enterprises run by crooks like Mike Madigan will be running things the taxes likely will, like in the rest of the state, sky rocket. Those skyrocketing taxes will likely kill off resales just as they've done in the suburbs.

Skip the whole region.

[Vlajos]

Originally Posted by chet everett

The current property tax scheme that results in disproportionately low property taxes for City of Chicago was part of the corrupt scheme Cook County Democratic Party President / Assessor Joe Berrios ruled over. Now that Berrios has been defeated and an assessor with no apparent ties to the criminal appeals enterprises run by crooks like Mike Madigan will be running things the taxes likely will, like in the rest of the state, sky rocket. Those skyrocketing taxes will likely kill off resales just as they've done in the suburbs.

Skip the whole region.

The city and nice suburbs will be fine.

[chet everett]

Originally Posted by Vlajos

The city and nice suburbs will be fine.

The way that property tax deductions have been capped for Federal Income Taxes has already negatively impacted higher valued homes -- New tax law expected to slow rise of home values, creating winners and losers - Chicago Tribune

[chet everett]

Originally Posted by Vlajos

The city and nice suburbs will be fine.

Even the often “cheerleader-ish” Crain’s recognized the magnitude of the problem —
A dozen years post-bust, only 1 in 8 area ZIPs are back above water

[WestSideMillennial]

Originally Posted by doodlemagic

That's the dumbest thing I've ever heard. Hispanic neighborhoods historically gentrify, black neighborhoods don't. Be openminded while you lose your money to your poor real estate investments. Personally I'm going to put my money where historically speaking things are going to gentrify and I'm going to see a return.

Okay, so we must completely ignore black neighborhoods and focus on gentrifying strictly Hispanic barrios? I feel terrible for the Hispanic community.

[OKParker]

Originally Posted by WestSideMillennial

Okay, so we must completely ignore black neighborhoods and focus on gentrifying strictly Hispanic barrios? I feel terrible for the Hispanic community.

You shouldn’t, gentrification is not bad.

Also, I know the study everyone is quoting, but there have definitely been black areas that have gentrified. It’s just that there don’t seem to be any more on the horizon before Pilsen and the northwest areas.