Posts tagged "rent vs. buy"

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 »

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 »

Chicago Rents Continue To Surge

Chicago Rents Continue To Surge
One of the major drivers of the rent vs. buy decision is the rate at which you expect rents to increase. Even if buying were more expensive than renting on a current year basis, rents go up while monthly payments on a home purchase remain constant. Eventually the cost of renting will exceed the cost... Read more »
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Maybe Chicago Rents Really Are Skyrocketing

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 »

Why I Bought A Home Now After Renting For 12 Years

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 »

Rising Chicago Rents Make Home Buying Most Attractive In 20 Years

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 »
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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 »

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 »

Crain's Reports Downtown Apartment Rents And Occupancies Rising

I wanted to cover this last week but the Crain’s site was having technical difficulties. About a week ago Crain’s reported that rents and occupancy rates have been rising in apartments downtown for the first time in 2 years, which is unusual, given that unemployment is so high. However, the explanation offered in the article... 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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