Comments on: 4-Bedroom Ravenswood Vintage SFH Sold Over the Summer: 4127 N. Hermitage http://cribchatter.com/?p=7824 Flips, Foreclosures, McMansions, New Condos: The Dish On the Chicago Housing Market Fri, 10 Sep 2010 12:47:22 +0000 http://wordpress.org/?v=2.2.2 By: homedelete http://cribchatter.com/?p=7824#comment-56330 homedelete Tue, 24 Nov 2009 16:32:06 +0000 http://cribchatter.com/?p=7824#comment-56330 This loan was a $417 + $200 which is a 16.5% down payment, not even a full 20%. Borrow borrow borrow! Leverage yourself up because you've got the w-2 which says you can pay $3,500 a month or more for your mortgage! You know the RE bubble mindset is still around when deals like this continue to happen. This loan was a $417 + $200 which is a 16.5% down payment, not even a full 20%. Borrow borrow borrow! Leverage yourself up because you’ve got the w-2 which says you can pay $3,500 a month or more for your mortgage!

You know the RE bubble mindset is still around when deals like this continue to happen.

]]> By: Russ http://cribchatter.com/?p=7824#comment-56329 Russ Tue, 24 Nov 2009 16:15:45 +0000 http://cribchatter.com/?p=7824#comment-56329 In my mind, it means not living in some cookie cutter suburban tract home with a walk score of zero. Every major city I have been to (even some not so major) where people have these old homes located in "city like" neighborhoods, they aren't cheap. Smaller homes, old (but generally renovated), relatively close to downtown areas, shopping, maybe a college town, etc. This home in the yuppified DINK neighborhoods in Atlanta would still probably be $500k, if not more. Even in Kansas City. Might be cheap in Detroit though... In my mind, it means not living in some cookie cutter suburban tract home with a walk score of zero. Every major city I have been to (even some not so major) where people have these old homes located in “city like” neighborhoods, they aren’t cheap. Smaller homes, old (but generally renovated), relatively close to downtown areas, shopping, maybe a college town, etc.

This home in the yuppified DINK neighborhoods in Atlanta would still probably be $500k, if not more. Even in Kansas City.

Might be cheap in Detroit though…

]]> By: CH http://cribchatter.com/?p=7824#comment-56324 CH Tue, 24 Nov 2009 16:07:52 +0000 http://cribchatter.com/?p=7824#comment-56324 russ, what does urban "in town" mean? russ, what does urban “in town” mean?

]]> By: Russ http://cribchatter.com/?p=7824#comment-56316 Russ Tue, 24 Nov 2009 15:20:28 +0000 http://cribchatter.com/?p=7824#comment-56316 Seems a bit much for basically a house with only one full bath. I am sure one of the others can be expanded though (at least that is what I would be considering if I were the buyer). At least the bedrooms are reasonably sized. Cost of living in the city ain't cheap, but it is like that in most major cities. The urban "in town" areas aren't cheap. Seems a bit much for basically a house with only one full bath. I am sure one of the others can be expanded though (at least that is what I would be considering if I were the buyer).

At least the bedrooms are reasonably sized. Cost of living in the city ain’t cheap, but it is like that in most major cities. The urban “in town” areas aren’t cheap.

]]> By: Wicker http://cribchatter.com/?p=7824#comment-56307 Wicker Tue, 24 Nov 2009 13:41:24 +0000 http://cribchatter.com/?p=7824#comment-56307 HD - yeah, for 740k I'd like a working fireplace myself. I have a gas one now and it's just not the same. HD - yeah, for 740k I’d like a working fireplace myself. I have a gas one now and it’s just not the same.

]]> By: Jon http://cribchatter.com/?p=7824#comment-56306 Jon Tue, 24 Nov 2009 13:32:59 +0000 http://cribchatter.com/?p=7824#comment-56306 "Congrats to both parties - it is a pretty house." More like congrats to buyer on a getting a nice house. Congrats to the seller on the price. “Congrats to both parties - it is a pretty house.”

More like congrats to buyer on a getting a nice house. Congrats to the seller on the price.

]]> By: homedelete http://cribchatter.com/?p=7824#comment-56305 homedelete Tue, 24 Nov 2009 13:01:08 +0000 http://cribchatter.com/?p=7824#comment-56305 A sfh house with one shower - $740k. Are we talking about North Center or the O.C. California? Sometimes I can't tell the difference. A sfh house with one shower - $740k. Are we talking about North Center or the O.C. California? Sometimes I can’t tell the difference.

]]> By: Wicker http://cribchatter.com/?p=7824#comment-56304 Wicker Tue, 24 Nov 2009 12:48:22 +0000 http://cribchatter.com/?p=7824#comment-56304 Congrats to both parties - it is a pretty house. Congrats to both parties - it is a pretty house.

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