Getting Real

Posts in category "Renting"

Maybe Chicago Rents Really Are Skyrocketing

I don’t have a lot of first hand knowledge of the Chicago rental market because I pretty much focus on home sales and purchases. However, from what I do know about the rental market it sure looks like the Chicago market is hot – for landlords. First there’s the data. There have been many articles... Read more »

By Gary Lucido,
May 15, 2012 at 6:33 am

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Why I Bought A Home Now After Renting For 12 Years

Realtor’s Home Purchase Ensures That Chicago Home Prices Will Crash On Friday, after renting for 12 years, my wife and I became homeowners for the 4th time. Obviously buying a home in Chicago was not a decision that we entered into lightly. When we first arrived in Chicago in 2000 we suffered from major sticker... Read more »

By Gary Lucido,
March 19, 2012 at 6:32 am

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Despite Declining Home Prices Chicago Rents Rising Fast

It’s been almost a year since I last posted on the state of the Chicago rental market. At that time I cited a Crain’s article that highlighted the rapid rise in rents in Chicago and pointed out that for the first time in many years renting was becoming more expensive than buying. Now Zillow has... Read more »

By Gary Lucido,
March 14, 2012 at 6:27 pm

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WSJ: Buying A Home Trumps Renting In Chicago

I know I’ve posted on this before but once again an analysis has come out that claims that buying a home trumps renting one in Chicago. A couple of weeks ago the Wall Street Journal wrote an article on the renting vs buying dynamic in 28 metropolitan areas and in 13 of those markets, Chicago... Read more »

By Gary Lucido,
December 15, 2011 at 6:04 am

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Will Rents Continue To Climb In Chicago?

Crain’s ran a story last week on the rental market in downtown Chicago, highlighting that rents and occupancies dropped off in the third quarter. But when you look at the long term trend you can see that as the housing bubble burst and people found it more difficult and less appealing to buy rents actually... Read more »

By Gary Lucido,
November 28, 2011 at 9:24 am

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If You Can't Sell Your Home Should You Rent It Out?

The Chicago Tribune ran a story on Friday about reluctant landlords who decide to rent out homes that they can’t sell (There’s actually no such thing as a home you can’t sell. You can always sell it but you may not like the price you get.) and it’s worth reading by anyone facing this decision... Read more »

By Gary Lucido,
October 16, 2011 at 7:23 am

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Should Your Condo Association Be Limiting Rentals?

As many would-be sellers face losing all the equity in their home and maybe even having to write a check at closing they often turn to renting their home out as a way to cover a portion of their expenses so they can move to a new home. The only problem is that when that... Read more »

By Gary Lucido,
September 22, 2011 at 9:15 pm

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State Of The Chicago Rental Market

With so many people finding themselves without down payments for new homes and others finding themselves stuck in their existing homes it should come as no surprise that Chicago’s rental market is hot right now. Crain’s ran a story a couple of days ago on the resurgance of Chicago’s rental market. In this article they... Read more »

By Gary Lucido,
June 29, 2011 at 12:27 pm

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Rising Chicago Rents Make Home Buying Most Attractive In 20 Years

I recently posted on how fast rents have been rising in Chicago recently. On the same day this week’s Crain’s came out with a story on how the cost of owning a home in Chicago has just reached a 20 year low compared to renting. Their conclusion was based upon a recent report issued by... Read more »

By Gary Lucido,
April 21, 2011 at 8:36 am

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Chicago Apartment Occupancy And Rents On The Rise

Now that my taxes are done I can catch up on some posting I’ve been meaning to do. Keith Jurow recently published a report on Minyanville.com about the Las Vegas housing market (a report on Chicago comes out in about 1 month). Although Chicago is not Las Vegas there were some interesting data points (for... Read more »

By Gary Lucido,
April 18, 2011 at 7:36 am

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