Posts in category "Renting"

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data
The National Association of Realtors is at it again, trying to convince everyone that buying a home is the key to riches. Their economist, Lawrence Yun, wrote an article that appeared in the October 14 issue of Forbes Magazine in which he makes the case that homeownership allows homeowners to accumulate an additional $190,000 in... Read more »

Chicago Rental Market Trends

Chicago Rental Market Trends
You’ve seen the construction cranes around town and you’ve heard the stories of skyrocketing rents so what does it all mean for the Chicago rental market? Can rents continue to rise at a blistering pace at the same time that they are adding a ton of supply to the market? To answer these questions I... Read more »

Chicago Rental Affordability Has Actually Improved

Chicago Rental Affordability Has Actually Improved
A new study was just released by the NYU Furman Center and Capital One on Renting In America’s Largest Cities. The Chicago rental market is one of the markets profiled. Their report shows that, while renting in Chicago is still damn expensive for a lot of people, there have been some marginal improvements. The report... Read more »
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Realtor Propaganda: Home Ownership Is The Key To Wealth

Realtor Propaganda: Home Ownership Is The Key To Wealth
The National Association Of Realtors is at it again. They’ve never seen a social or economic problem that buying a house couldn’t solve. They even have a full time chief economist, Lawrence Yun, whose job it is to regularly churn out statistics proving the benefits of home ownership or arguing for some kind of government... Read more »

Rent vs. Buy: Zillow's Housing Affordability Analysis Is Just Wrong

Rent vs. Buy: Zillow's Housing Affordability Analysis Is Just Wrong
It seems that with some regularity we get a story from some real estate information provider about how buying a home totally trumps renting a home. The last time I debunked one of these stories was a couple of years ago: The Math of Renting vs. Buying a home in Chicago. Now Zillow has come... Read more »

Chicago Landlords: Think Twice About Taking That Security Deposit

Chicago Landlords: Think Twice About Taking That Security Deposit
A couple of weeks ago I posted on the Chicago Landlord-Tenant Rules and mentioned, among other problems, that the rules pertaining to the acceptance, management, and disbursement of security deposits were quite onerous and fraught with potential problems for real estate investors. Well, on Friday the Chicago Tribune published an article on this very issue... Read more »
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Chicago Real Estate Investing: Landlord-Tenant Rules

Chicago Real Estate Investing: Landlord-Tenant Rules
So you think you want to invest in real estate in Chicago – and by invest I mean buy income producing property and become a landlord. It sure seems like everyone in Chicago has visions of tenants dancing in their heads. However, before you go and put all your eggs in the real estate basket... Read more »

San Francisco's Google Bus Protests And The Affordable Housing Mythology

San Francisco's Google Bus Protests And The Affordable Housing Mythology
Earlier this week I posted on the growing tensions in the bay area caused by the rapid increase in housing costs that is displacing renters employed outside the tech industry. Some of the residents of San Francisco and Oakland who are concerned about the ever shrinking supply of affordable housing have been staging protests against... Read more »

San Francisco Housing Affordability And The Google Bus Protests

San Francisco Housing Affordability And The Google Bus Protests
It’s a well known fact that people are never happy. Housing prices go down and everyone bitches about the loss of wealth. Housing prices go up and people complain about housing affordability – or the lack thereof. Such is the case in San Francisco and Oakland these days, which seem on the verge of all... Read more »
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San Francisco Vs. Chicago Apartment Rentals

San Francisco Vs. Chicago Apartment Rentals
The day after the 4th of July my daughter and her future roommate had the distinct pleasure of going on a field trip with me to San Francisco to look for apartment rentals prior to them starting their new jobs in the area. I’ve always thought Chicago had high housing costs and I knew that... Read more »