Tag: renting

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 »

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 »
Advertisement:

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 »

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 »

How Location Doesn't Impact Chicago Real Estate Values

How Location Doesn't Impact Chicago Real Estate Values
I had to really think hard before I led with this post title. Notice I didn’t say that location doesn’t impact Chicago real estate values. But when it comes to the most important factors in determining real estate values maybe it’s not really location, location, location. After all finishes, quality of construction, age, and size... Read more »
Advertisement:

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 »

WSJ: Buying A Home Trumps Renting In Chicago

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 »

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 »
Advertisement:

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

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 »