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Chicago Happenings
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02-17-2006, 08:58 PM
#
438
pony_trekker
Livin' a Lie!
Join Date: May 2003
Posts: 2,099
Housing Market
Quote:
Originally posted by Cletus Miller
Not that this matters to Coltrane, but South of Belmont and west of the tracks, this may be true, but from Belmont to Irving Park, Ashland to Western, the gentrification is nearly complete. Teardowns on my block have recently crossed the $500k barrier. And "West Lakeview" has been almost completely supplanted by Roscoe Village and St. Ben's/North Center for those neighborhoods. Haven't heard of anyone having any problems walking around at night in the last 4 or 5 years other than the stuff you get anywhere on the northside.
South of Belmont, while I know people who live there happily with kids, I wouldn't buy yet because of (i) the still crummy neighborhood elementary school and (ii) the proximity of the Lathrop Homes. I just don't understand spending $400k+ on a condo or $800k+ for a house directly across the street from a large-ish public housing project that isn't going away. But hey, it's their money.
In any case, 2 (or 4 or whatever) on not worrying about a value crash for property on/near Racine--especially since you aren't buying the most expensive place on the block, you can count on it staying ahead of the market as a whole.
For those of us doing plaintiff's work, how do you get into the projects?
pony_trekker
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