Posts in category "Home Ownership"

They Really Did Build Affordable Homes On Chicago's Magnificent Mile

They Really Did Build Affordable Homes On Chicago's Magnificent Mile
Almost 3 weeks ago I posted on Chicagoland Habitat For Humanity’s Raise Your Hand Chicagoland event where they were going to build 13 affordable homes on Chicago’s Magnificent Mile – Pioneer Plaza to be exact. That event was this past weekend from Thursday through Sunday and, although I couldn’t stop by, I did drive by... Read more »

How To Appeal Your Cook County Property Taxes - The Basics

How To Appeal Your Cook County Property Taxes - The Basics
You probably just got your first half Cook County property tax bill for 2013 and it’s gotten you to start thinking about how high your property taxes are and how you need to appeal them. Now is actually the right time to start thinking about that because more than anything else you need to be... Read more »

How The Housing Bubble Affected Renting Vs. Buying

How The Housing Bubble Affected Renting Vs. Buying
The other day someone on Cribchatter pointed to a Business Insider article of a few weeks ago that featured an analysis produced by JP Morgan Asset Management in which they compared monthly rent to monthly mortgage payments over time. The results of that analysis were summarized in the graph below, highlighted in that article. In... Read more »
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How Politics And The Government Caused The Financial Crisis

How Politics And The Government Caused The Financial Crisis
As you know it’s very fashionable to lay the blame for the financial crisis on greedy Wall Streeters (especially if you are a politician or work in Hollywood or spend your days occupying something) but as I’ve pointed out in the past the government is largely to blame for the mortgage crisis. It just never... Read more »

The Math Of Renting Vs. Buying A Home In Chicago

The Math Of Renting Vs. Buying A Home In Chicago
In the past week I must have seen at least 3 different news stories about how buying a home is better than renting a home. Most prominent among these stories was the Trulia blog post with the headline that Buying A Home Is 45% Cheaper Than Renting. The 45% number is the average savings associated... Read more »

How Much Can You Really Save On Your Electric Bill?

A few months ago another ChicagoNow blog (sorry, I can’t remember which one) alerted me to the Power2Switch Web site that allows Chicago area consumers to shop around for the lowest cost electricity providers. This Web site shows you a few alternatives to Commonwealth Edison and the associated savings, which they claim will be about... Read more »
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Despite Falling Home Prices Housing Costs Have Gone Up

With the steady stream of news that home prices continue to plunge in the Chicago area many buyers are waiting to find the bottom. Just yesterday the Case Shiller home price index for Chicago came out and it showed that area home prices have fallen for the 7th month in a row and continue to... Read more »

Only 229 Days Left For 100 Watt Light Bulbs

Only 229 Days Left For 100 Watt Light Bulbs
Are you aware that you only have 229 days left to legally buy 100 watt incandescent light bulbs in the US? It’s the result of a law passed by congress to encourage energy efficiency. And by 2014 you won’t be able to buy any incandescent light bulbs 40 watts and above. Once that happens you... Read more »

Would You Buy A Home Now If You Would Never Lose Money On It?

A lot of potential homebuyers have been sitting on the sidelines for quite some time now because a) they think they can time the market and buy a home at the lowest possible price ever and b) they are afraid that if they buy a home now they might lose money on it when they... Read more »
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The NAR's Lame Case For Buying vs. Renting A Home

These are scary days for the National Association of Realtors. First the financial markets took away the punch bowl and now the government is getting ready to turn the music off and the lights on. The mortgage interest deduction is under attack and even the biggest fans of giving away taxpayer dollars now believe that... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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