The real and important difference between Chicago and Houston is Chicago is very multifamily heavy

Side note: just cuz I had a couple friend buy In trendy Chicago neighborhood. A lot of multi family buildings are being torn down for single family vs 10 years ago where a lot of places were adding a rental to bottom floor etc. lower middle class is being priced out. So they move to Milwaukee, Indiana or some suburbs of Chicago. My sister also bought a home in oak park (Chicago adjacent) her single family home was converted from 4 apt building. Two doors down an investor just bought a 6 apartment building 3 flat and is making to just three.

It's the opposite. Suburbs are growing in Chicago, not downtown

I’m so glad you covered my market, Chicago!

Chicago and Illinois has had 10 years of net outward migration. Third highest per-capita tax burden in the country, and ongoing unfunded pension liabilities which the government cannot solve, not to mention unmitigated corruption and a current clueless and identity-politics focused administration means it is absolutely NOT investor friendly. Landlord/tenant laws keep putting more and more risk onto landlords. Do not recommend Chicago at all. In the suburbs, you will pay exorbitant property taxes.

@hamburglar83

6 ай бұрын

How is it Chicago has no inventory but everyone leaving. I just bought in a nice suburb of Wheaton. 3 days on market, every place I looked at took less then a week to sell. I finally got a place at value not above. I think I got lucky, cuz I bought over New Year’s Eve.

@davidw7

5 ай бұрын

We get wimpy on real winters and that is the Midwest. Far less migrations for retirement to a warmer climate also in retirement. Add a older population that...... well does not live forever. Add all the damage we did with white-flight (at least Chicago had growth into the mid-60s for new neighborhoods) and it boomed going back to the 1800s. It has a QUALITY home base of FULL FOUNDATIONS and FINISHED BASEMENTS COMMON. The quality of brick, using steel beams in constructions especially mid-century and it is a far cry from Houston areas of OLD housing with no required minimum quality and you get those old homes back to the 1920s and built on blocks, no foundations, no basement of course and not even a slab. They in like the inner loop get bought out and they level those small homes on large lots and sub-divided new lots. Singles of homes over garages and multi-residential get built and THE COST IS EXTREME vs those homes they replaced and their Taxes. Lost is the cheapest unless you go further and further or old suburbs in need of renewed infrastructure as the suburbs are built out.

Was this originally supposed to be a Bigger Pockets video and not a On The Market episode? 😂

Houston whether issues and power issues wood not move their.

Chicago North suburbs are flourishing due to city exodus in covid era, people want to live in close proximity of giant economic machine without city regulations, parking restrictions, local police, backyards and traffic

@outofthebox5441

6 ай бұрын

Yeah, so is N.W Indiana. They are flooding our markets driving things up. Love the current effect of all this as a investor here!!!

@diegoavila2122

6 ай бұрын

Where in NWI are you investing. I’m thinking on buying my first property and I’m looking at NWI

@diegoavila2122

6 ай бұрын

@@outofthebox5441 where in NWI ?

Chicago city is growing thanks to Gov Greg Abbot, lmaoooo

@matbob7249

6 ай бұрын

Ironically they will benefit from this. They get funds and it takes 7 years for immigrants to become consumers which settle around blue cities and are hardest working class. Ask Cardone lol.

@alphagenisis1

5 ай бұрын

@@matbob7249 Immigration is fine, but it’s a problem when you don’t know who the immigrants are, especially when you’re at war…

@matbob7249

5 ай бұрын

@@alphagenisis1 agreed. Although it’s always been that way more or less, it’s how it’s presented to you by the big thinkers through media. Welcome to the matrix. Consuming any info other than related to your own financial and mental independence is just irrelevant. So, immigration is just fine, just like it’s always been.

@alphagenisis1

5 ай бұрын

@@matbob7249 there’s a lot of problems with Illegal immigration. Especially when you have not vetted people who are not familiar with the country’s history and then give those same people the right to vote in local elections. Actually illegal immigration has been higher than normal the last 3 years.

Not sure why anyone would want to live in Chicago

@teri9875

4 ай бұрын

Then you’ve obviously not spent much time here

@blainesnider9089

4 ай бұрын

@@teri9875 I am I CA. I have been there no thanks

@teri9875

3 ай бұрын

@@blainesnider9089 you’re entitled to your opinion. I just spent 3 weeks in lovely northern CA, and still prefer living in Chicago for many reasons. Yeh, yeh, I know all about the taxes, crime, and weather… still love living in Chicago. 🤷‍♀️