Downtown Deals: A River North 2/2 Just $9,900 Above the 2006 Price: 630 N. Franklin
This 2-bedroom in 630 N. Franklin in River North came on the market in June 2020.
Built in 2005, in the “modern industrial style” which includes concrete walls and ceilings, 630 N. Franklin has 165 units and an attached parking garage.
The building has a doorman.
This unit has concrete 9-foot ceilings and exposed concrete walls along with hardwood floors throughout, including in the bedrooms.
The kitchen is open to the living room and has wood cabinets, black granite counter tops and stainless steel appliances along with a breakfast bar.
The primary bedroom has an en suite bathroom with a double vanity.
The second bedroom doesn’t have any windows.
The unit has a south facing balcony with city views.
It has all the features buyers look for including central air, washer/dryer in the unit and garage parking is $25,000 extra.
Originally listed in June 2020 for $475,000, it has been reduced several times to $374,900 plus the parking.
Including the parking, this is just $9,900 above the 2006 sales price of $390,000.
The listing calls it an “incredible value.”
Is it?
Keith Tarasiewicz at Redfin has the listing. See the pictures and floor plan here.
Unit #905: 2 bedrooms, 2 baths, no square footage listed
- Sold in July 2006 for $390,000 (included the parking)
- Originally listed in June 2020 for $475,000
- Reduced
- Currently listed at $374,900 (plus $25,000 for the parking)
- Assessments of $536 a month (includes heat, gas, doorman, cable, exterior maintenance, scavenger)
- Taxes of $6175
- Central Air
- Washer/dryer in the unit
- Bedroom #1: 14×11
- Bedroom #2: 10×10
- Living room: 16×14
- Kitchen: 9×10
- Balcony: 12×4
15 years of ownership and you still live like a college student, saving empty booze bottles?
Think they were AirBnB’ing the other room out or the Odd Couple lived here
The HOA fees are nuts
This one is $375, including the parking and “Seller to provide a brand new kitchen island.”:
https://www.redfin.com/IL/Chicago/630-N-Franklin-St-60654/unit-601/home/12600135
“modern industrial style” which includes concrete walls and ceilings”
“has doorman”
LOL, cognitive dissonance
Hahah, I viewed a dumpy unit in this building in late 2005/early 2006 when I lived a few blocks away and wanted to buy in the area. Nothing has changed. The units are garbage and sitting right on the L, with also the westbound traffic all day to the Expressway. Hard pass in any decade.
Clearly a rental currently.
The seller would have been wise to give a small rent credit to get the tenants to leave for a day and spend like $500 to temporarily box up half the tenant crap and get a cleaning crew in prior to the pictures.
KK is spot on, looks to be a rental unit.
Most likely a great recession forced rental. Curious why its being sold now? I’m too lazy to ccrd, but if we assume that its the original loan and without a maintenance buffer you would have to rent this at roughly $2,900 a month (w/parking) to break even.
Can’t imagine a taking a monthly loss since 2008, am i missing something?
“too lazy to ccrd”
So, this July-06 sale wasn’t the original sale from CMK.
First Sold in Dec-05 for $333k. [+cpi = $445k. hawt!)
July-06 purchase was 100% LTV, 3 refis, last in ’10 for ~$290k. Owner put into LLC in ’18. Appears he has not lived in Chicago since ~07.
Thank you for that Anon(ufo).
I wonder why sell now if it *was profitable for this long? The cost of a property mgt being out of state went up? Rent control might be coming and crazy market? HOA special dropping soon?
Tough one for back of the napkin maths in my mind.
I’m not particularly pro-rent control, but how will that affect condos? I’m guessing it would be hard to write legislation that would hold up which would control individuals renting out condominium units. It seems like it’s a feel-good gut reaction to whinging and screeching about high rents.
“I’m not particularly pro-rent control, but how will that affect condos?”
No one is doing rent control.
“HOA special dropping soon?”
If this is known, the seller has to pay it. It’s already too late to sell by then.
Also, any sane buyer gets the condo board minutes and will flat out ask about specials. You can’t hide it.
“The HOA fees are nuts”
It’s so tiring hearing the endless whining about HOA fees on this site from people who live in the suburbs and have never once lived in a building with amenities.
They’re just $536 a month. That’s pretty cheap as it includes both heat and gas as well as cable. Wow. Actually, it’s really cheap. Right there is at least $200.
If anything, these HOAs are too low.
Just 165 units and they have to pay for the doorman too.
If I’m not mistaken, didn’t this building NOT have a doorman originally? I think they had to add one later because of the club scene nearby.
“ They’re just $536 a month. That’s pretty cheap as it includes both heat and gas as well as cable. Wow. Actually, it’s really cheap. Right there is at least $200.”
You must be old if cable is a +, but go get you Matlock on
If youre paying $170/mo x 12 mo for heating a 900sf you are an idiot, but I repeat myself
“You must be old if cable is a +, but go get you Matlock on”
It’s cable/Internet. The bigger buildings basically get the “cable” part for free now with the 5G high-speed Internet.
That kind of package, for a homeowner, with all the movie channels that they also throw in, including HBO which gets you HBOMax, is well over $100 a month.
Gas and heat depends on the weather and how much cooking you do. But in the cold months, heat can be at least $100 but as high as $200 in the months with zero temps (yes- even in 900 square feet.) Have a warm winter, and it’s $100 a month.
So, yeah, these assessments are actually cheap for a building with a doorman plus the cable/Internet, gas and heat being covered.
Like every property, you have regular maintenance and they have to shovel snow too.
Cheap!
hah speaking of my old CMK condo… lol
you couldn’t pay me to live here again, the noise levels are insane
can’t believe they got a doorman, before they just had a worthless security guard for friday/saturday nights when the idiots in the area from the clubs would be getting rowdy as fuck causing all sorts of issues right outside your front door or garage
also the assessments ARE cheap for what they include… can’t believe they are still doing cable TV though… lol… should be internet only these days
as for a special assessment… probably one every few years with this place, I remember we had one for $1500 to fix the spalling of the prefab concrete slabs, what a fuckin disaster
A 2 bedroom HOA of $536 with all those things included is cheap. I was paying nearly $1000 for my HOA in 2016 for my 2 bed HOA, although that included heated parking and a pool too. This building is nothing more than an entry level condo or a place you buy, regret it 18 months in, and rent for a couple years because you can’t stomach selling it for a loss after realtor fees and taxes so soon after.
“ It’s cable/Internet. The bigger buildings basically get the “cable” part for free now with the 5G high-speed Internet.”
5G is wireless, not sure what that has to do with cable.
It says tv/cable not cable/internet.
“ That kind of package, for a homeowner, with all the movie channels that they also throw in, including HBO which gets you HBOMax, is well over $100 a month.}
Where does it list free HBO max? Amazing how you can divine all these facts
“ Gas and heat depends on the weather and how much cooking you do. But in the cold months, heat can be at least $100 but as high as $200 in the months with zero temps (yes- even in 900 square feet.) Have a warm winter, and it’s $100 a month.”
Gas for cooking is minimal.
If you’re spending $200/ during the winter, you’ve got the heat set at 87F and windows open or you need your furnace checked out
So not the $200/mo is $100 gas + $100 some imaginary 5G + premium cable service
“That kind of package, for a homeowner … is well over $100 a month.”
Depends on the speed. And as a homeowner, you can change providers every 12 or 24 months and really cut your costs.
But if you get really hi speed internet, and the full cable package AND you don’t switch providers regularly, it’s more like $200/mo.
“5G is wireless, not sure what that has to do with cable.”
You only get the cable package for free if you also agree to the 5G chip injection. Duh, JU!!
“If you’re spending $200/ during the winter, you’ve got the heat set at 87F and windows open or you need your furnace checked out”
With a below average insulated SFH, with drafty windows, peak bill this year was $266, last year under $200. And while I’m sure their customer charge is more than the ~$30/mo I pay, I doubt that it is $30/unit.
“That kind of package, for a homeowner, with all the movie channels that they also throw in, including HBO which gets you HBOMax, is well over $100 a month.”
Huh? Who needs Cable anymore outside of geriatrics watching the price is right. Currently pay $20 a month for high speed internet and HBOMax subscription is what $15.
“But in the cold months, heat can be at least $100 but as high as $200 in the months with zero temps (yes- even in 900 square feet.) Have a warm winter, and it’s $100 a month.”
Lies. I’m in a ~900 Sq foot place that’s 100 years old with a draft near the front door. February’s heating bill was $104.
The fixed costs on heating are ~$45 each month. Unless you crank it to 80+, 24 hours a day, 7 days a week you aren’t getting to $200.
Although $536 is probably average to “cheap” for Chicago assessments you are still getting ripped off if that only covers heat, gas, doorman, cable, exterior maintenance, scavenger).
Apartments utility packages are typically between $100 – $150 covering gas, heat, internet (sometimes cable), water and sewage.
Oh and they have a doorman and maintenance.
“I’m not particularly pro-rent control, but how will that affect condos?”
There will be more supply as apartment owners convert to condos given apartment ownership will be less profitable.
It’s what happened in San Fran. Good read on a study by Stanford Business School students on rent control effects in San Fran.
“However, landlords of properties affected by the law change respond over the long term by substituting to other types of real estate, in particular by converting to condos and redeveloping buildings so as to exempt them from rent control. In the long run, landlords’ substitution toward owner-occupied and newly constructed rental housing not only lowered the supply of rental housing in the city, but also shifted the city’s housing supply toward less affordable types of housing that likely cater to the tastes of higher income individuals. Ultimately, these endogenous shifts in the housing supply likely drove up citywide rents, damaging housing affordability for future renters, and counteracting the stated claims of the law.”
https://www.gsb.stanford.edu/faculty-research/publications/effects-rent-control-expansion-tenants-landlords-inequality-evidence
“Although $536 is probably average to “cheap” for Chicago assessments you are still getting ripped off if that only covers heat, gas, doorman, cable, exterior maintenance, scavenger).
Apartments utility packages are typically between $100 – $150 covering gas, heat, internet (sometimes cable), water and sewage.”
You are forgetting common area electricity & heating, garage electricity, garage door repairs (which seemed like a monthly issue at this stupid place lol), repainting, and of course cleaning of those common areas… the carpets in this place were always getting nasty from drunk people spilling shit all over the place so we’d have carpet cleaners come by quite often. And then of course a few bucks thrown into the reserve fund. I think it was maybe a hundred bucks were going to reserves.
They could also be funding for another special assessment for the spalling. Even still compared to most places, cheap.
“No one is doing rent control.”
Huh? How can you definitively say this? Why would “lift the ban” make it out of committee if no one wanted rent control?
Is it a done deal that rent control will happen? No. BUT the probability has increased from 0% to 20%? If “lift the ban” passes the state this year I would increase the likelihood to 50%.
If it passes the state rent control will be a 2023 campaign issue in the mayoral election. It’s Lori Lightfoot vs. a CTU/DSA candidate. The CTU/DSA candidate will absolutely push rent control.
This is why Lightfoot is currently pushing for more stringent changes to the city’s ARO. She can campaign on the ARO changes and against rent control to blunt the attacks from her left saying she hasn’t done anything or enough on housing.
You realize there have been non-binding resolutions in various wards throughout the city over the past couple of elections asking voters if they support rent control. Those voters voted in favor of the non-binding resolution.
If the State does indeed “Lift the Ban” which is being sold by State level progressives as providing more local control over housing and not “rent control” and Lightfoot loses a mayoral election to a CTU/DSA in 2023 by 2025 a rent control bill will pass city hall and be phased in over a year or two.
Further, go back to the 2019 election although Prekwinkle was not campaigning on “rent control” she did campaign on a “rent ceiling” (sounds like rent control).
This is from 2018. You need to wake-up.
” In March, a question about repealing the state’s ban on rent control was posed to voters in the 3rd, 4th, 5th, 7th, 12th, 22nd, 25th, 27nd, 33rd and 36th wards. After the votes were tallied, 75 percent of voters in those wards said they were in favor of it.
On Tuesday, a question about repealing the state’s ban on rent control will appear on the ballot for voters in the 35th, 46th and 49th ward”
Those other wards all passed the non-binding resolution. That’s 13 wards in the city showing resounding approval. I’m not sure if there have been other wards that asked this question as well in 2019 or 2020.
https://blockclubchicago.org/2018/11/05/three-more-chicago-wards-asked-tuesday-if-they-want-ban-on-rent-control-lifted/
My electric bill was $100 the one month I tried to keep my 2/2 at my desired level of heat. Instead, I just use my fireplace (free to me!) and wear a sweater. I have not used heat in 10 years. It rarely get below 65. AC cost is negligible.
Re: Assessments. I don’t think they are bad. Any lower and you will have specials. Mine are $700, but the building additionally has two doormen, package receiving, indoor pool, and two roof decks.
People tend to hear “rent control” and think there is one kind and invariably what they think of is not what it actually is anywhere. Each regime I have encountered has be nuanced in some way. I am not a proponent for it – – it is a market distortion that creates as many problems as it solves, but it tends to engender visceral reactions without few facts. I doubt “rent control” if enacted in Chicago would impact this crappy unit. I also don’t see Chicago’s rental market being so tight to warrant it but I haven’t really studied this. Cities that have it tend to be both tight on occupancy and high cost with a few exceptions like Newark, NJ.
NYC – really has “rent stabilization” – – units registered with an initial rent greater than $2,775 are EXEMPT as are units occupied by households with incomes exceeding $200K. Actual “Rent Controlled” units are less than 1% of NYC’s housing stock, and declining rapidly. They effectively don’t exist anymore since if the occupant moves out they become Rent Stabilized. This initial rent hurdle serves to exclude all lux product and recent construction that wasn’t subsidized with some kind of tax break or actual subsidy), comprise about 55% of the rental housing stock in NYC. For the LL who bitch about it but were happy to get a fat tax exemption that allowed their project to pencil out, I say boo hoo.
The units also have to be in a 6+ unit building . . . I have a hard time believing that a person who owns fewer than six total rental units would be Subject to “rent control.” I have a hard time believing that people dumb enough to buy a unit like this and get stuck renting it out will actually ever be limited by anything other than the market in terms of what they could rent this dump for.
“Is it a done deal that rent control will happen? No. BUT the probability has increased from 0% to 20%? If “lift the ban” passes the state this year I would increase the likelihood to 50%.”
No one is doing rent control.
Everyone who has done it is desperately trying to get rid of it.
And having lived in a city with it, I can definitively say it’s terrible and destructive of the housing stock and does the opposite of what people think it will do. .
All of this has been studied extensively, which is why everyone is getting rid of it.
“I have a hard time believing that a person who owns fewer than six total rental units would be Subject to “rent control.”
A significant portion of the debate around affordable housing in Chicago has been around the declining number of 2 – 4 flats. The DePaul study is often cited by politicos in the city, local newspapers, neighborhood groups, and housing groups (see below). The temporary demolition ban which was replaced by the increased demolition fee was targeted around the 606 and Pilsen was put in place due to 2 – 4 flats getting demolished for $1 million+ SFH or $700K+ 3 flat condos.
Speculating on what “rent control” would look like in Chicago, I would guess as you pointed out in regards to NYC would be more of “rent stabilization” as the discussion in Chicago has been around capping not eliminating annual increases.
Further, Guzzardi who is the chief-sponsor of Lift the Ban legislation, is the Chair of the Housing Committee (also Chairs the Progressive Caucus) acknowledges that landlords need to be able to raise rates to keep up with increased property taxes and maintenance.
I would speculate that they would target older 2 – 4 flats likely limited to “gentrifying” and low income neighborhoods along with existing larger developments in certain neighborhoods.
An enhanced ARO as currently proposed on new buildings covering larger sections of the city would augment a “rent-control” or “rent-stabilization” bill as well.
Maybe enhanced property tax exemptions for owner-occupied older/cheap 2 – 4 flats as well.
https://www.housingstudies.org/blog/beloved-chicago-two-flat-distress/
“Although $536 is probably average to “cheap” for Chicago assessments you are still getting ripped off if that only covers heat, gas, doorman, cable, exterior maintenance, scavenger).
Apartments utility packages are typically between $100 – $150 covering gas, heat, internet (sometimes cable), water and sewage.
Oh and they have a doorman and maintenance.”
Are you nuts?
You have no idea, WP, what goes into running a high rise. And an “apartment utility package” isn’t the same thing as the building covering the costs for everyone, including heating the hallways and possibly even the garage.
You have multiple doorman in a doorman building. Think about paying them a salary, health insurance, vacation time off and on and on. It’s a LOT of money.
As Sonies discussed, you have lobby, elevator and hallway cleaning. You need maintenance staff to do that. Eventually, you have to replace hallway carpets. There are repairs to balconies and garages over time.
$536 a month is cheap for a doorman building with cable, heat and gas included in that $536.
“If you’re spending $200/ during the winter, you’ve got the heat set at 87F and windows open or you need your furnace checked out”
Electric and gas heat. I’ve had both and both have had bills over $200 a month in peak winter months when there were polar vortexes.
Usually around $100 in the other winter months, however.
“You only get the cable package for free if you also agree to the 5G chip injection. Duh, JU!!”
Yep. They know no one wants the cable anymore but they basically throw it in with the 5G now.
Big buildings actually have a big advantage with the cable/internet providers. They can use their size to get it really cheap now. I know one building that just renegotiated and got the newer, high speed modems installed, new TIVO boxes and full cable package with all the movie channels for just $25 a month.
The building has a ton of units though, so it was worth it for the cable company to agree to the deal.
No single family home owner can get a deal anything close to that.
“No one is doing rent control.”
The purpose of “lifting the ban” would be? Are you trying to be technical about “rent control” vs. “rent stabilization”.
“And having lived in a city with it, I can definitively say it’s terrible and destructive of the housing stock and does the opposite of what people think it will do. .”
How many votes do you receive in Springfield or City Hall on proposed legislative bills going through committee or on the floor?
I’m generally confused as to how/why you would outright dismiss this possibility given the recent legislation that made it out of committee.
Have you not heard of the “Lift the Ban” coalition? I suggest you look them up and understand (i) who they align with, (ii) where their funding comes from, (iii) review which and how many State Legislatures and City Council members support their vision and are aligned with the groups that this group aligns with.
Some big names are listed as supporters – SEIU, CTU, DSA.
Read the FAQ’s and see how many things they support and have pushed have been enacted by city council over the past couple years.
https://www.ltbcoalition.org/
No one is doing rent control.
No one is doing rent control.
It has been a complete disaster in every city that has done it and that was figured out decades ago.
No one is doing rent control.
“You have multiple doorman in a doorman building. Think about paying them a salary, health insurance, vacation time off and on and on. It’s a LOT of money.”
Its actually a sickeningly small amount of money. The building I lived in had a contract for $140k/yr for 24/7/365 doorpeople. Take out the management company’s bit and divide that by 5 people plus 1 shift and you get people paid below the poverty line.
“Take out the management company’s bit and divide that by 5 people plus 1 shift and you get people paid below the poverty line.”
What kind of shitty building is that?
You get what you pay for and I can’t believe you could EVER keep a doorman if you paid that low.
Chicago has a $14 minimum wage as of July. And many others are paying $15 to $17.
You wouldn’t be able to hire anyone Fred.
I’m not speculating. I’m stating factually what my building paid.
“I’m not speculating. I’m stating factually what my building paid.”
The math doesn’t even add up, Fred.
If it’s 5 employees, that would be $28,000 each, assuming they are all getting the same salary. That doesn’t include their social security/medicare payment, nor health insurance.
And you said they stripped management fees out of it too?
When was this? 10 years ago when minimum wage was much lower?
The building usually pays all the benefits, NOT the management company. But maybe your building was so small that they outsourced everything.
I can’t even imagine trying to hold onto a doorman under those conditions for even a few weeks.
In the bigger buildings, the doormen have worked there for 10+ years. Some for 20 or 30 years.
They are unionized, however. Benefits are good. They have retirement plans as well (as they should.)
That would be a sign to me, as a buyer, if they paid staff that low, that the building was also skimping on other things regarding maintenance and upkeep.
Caveat emptor.
Also, there IS a minimum wage in Chicago. You aren’t paying below it.
I’m assuming, Fred, that you’re talking about pay from a decade or more ago when minimum wage was much lower.
“ Electric and gas heat. I’ve had both and both have had bills over $200 a month in peak winter months when there were polar vortexes.
Usually around $100 in the other winter months, however.”
So N=1 makes another appearance, great…
“The math doesn’t even add up, Fred.“
So in this case N=1 isn’t valid?
Your inability to be intellectually consistent is amazing…
“Yep. They know no one wants the cable anymore but they basically throw it in with the 5G now.”:
Link?
“Big buildings actually have a big advantage with the cable/internet providers. They can use their size to get it really cheap now. I know one building that just renegotiated and got the newer, high speed modems installed, new TIVO boxes and full cable package with all the movie channels for just $25 a month.”
While the first sentence is correct the rest I’d like a link to.
Are they’re paying $25/mo or are they charging the residents $25/mo? Condo or Apartment? Did the move up from 56k to DSL?
So if $25/mo is the new norm, where do you get off with saying $100/mo just for cable?
You’re like a monkey flinging feces the way you throw numbers around and act like they are gospel and you are beyond reproach
“Did the move up from 56k to DSL?”
They went right to the 5G!!
You can see the effects of the 5G right here on CC–it’s not tracking for the NSA, but something else.
From what I grasp the lift the ban really isn’t intended for Chicago, its to ‘help other towns in Illinois’. But as you know the Machine will use it to somehow jack up our city for a short term fix/pol play/grandstand that we will suffer from 20 years from now.
To have to say it 3 times in one post its not coming, one begins to think either ostrich with a lot of skin in the game or oblivious to current trends of law maker stupidity as long as the portfolio exceeds its goal all is great?
“No one is doing rent control.
No one is doing rent control.
It has been a complete disaster in every city that has done it and that was figured out decades ago.
No one is doing rent control”
Are you trying to convince yourself? I was googling Democrat states on “lift the ban” initiatives. The following have had “lift the ban” at a minimum make it out of committee over the past two years:
– Massachusetts
– Colorado
– Illinois
– Oregon (who actually passed state wide “rent control”
– Washington State (Inslee’s Covid EO’s barred rent raises)
Pritzker also supported “lift the ban” when he campaigned for Governor.
https://www.chicagoreader.com/Bleader/archives/2018/01/16/two-gubernatorial-candidates-support-repealing-illinoiss-rent-control-ban
“No one is doing rent control.”
keep letting these DSA idiots get elected and its coming, I can assure you of that
“You can see the effects of the 5G right here on CC–it’s not tracking for the NSA, but something else.”
Makes sense with the increase in ads, Sabrina’s trying go get her garden apartment wired for 5G LOL
“keep letting these DSA idiots get elected and its coming, I can assure you of that”
They’ll harp about it but I dont think it will pass – too much developer money would stop rolling in. Who’s going to grease the skids?
If it does, its going to be a serious blow to the cities future. Chicago isn’t NYC and theres plenty of viable alternatives – Nashville, Austin, DFW, etc.
“They’ll harp about it but I dont think it will pass”
The CTU is on a roll in Springfield this year – increased bargaining rights among other items. Further, they will get their elected school board in the spring session. Those are huge wins.
Given their pull at the State level if they put up a candidate that can beat Lightfoot there will be some form of rent stabilization that passes by 2025 given CTU’s support.
In the 2019 strike they were wanting to bargain over homelessness of CPS students demanding affordable housing for students and staff
They formerly approved “lift the ban” and rent stabilization through their House of Delegates back in 2019.
From their Lift the Ban resolution: “Rent control or stabilization regulates how much rent can increase over a 12- month period. Rent control should not be confused with a rent freeze, or rent cap, which it is not. Rent control also prevents landlords from evicting tenants for no reason, requiring “good cause” for eviction; therefore, be it”
https://www.ctulocal1.org/posts/ctu-resolution-to-lift-the-ban/
Here’s the rub on rent stabilization/control. Crains polling came out today for the city:
52% of residents rate Lightfoots performance as poor and 32% as fair. Only 1% say great/excellent. Those numbers are awful.
Housing Affordability: 35% rated poor, 42% fair, only 22% as excellent/good. Rent stabilization has an audience.
Quality of Public Schools: 37% poor only 36% as excellent/great/good.
The number two priority in the city: improving public schools 89% right behind reducing public corruption at 91%.
CPS is under mayoral control and as mayor is underwater based on this poll.
A CTU backed candidate whose platform is improving schools and housing affordability i.e. rent stabilization, and somewhat of an outsider appears to have a good chance.
https://www.chicagobusiness.com/chicago-index/chicago-right-track-our-new-survey-offers-some-answers
sorry for slightly hijacking the discussion, but I have a question for sonies about Reno. I happens to live less than 5min walk from your old townhouse and also on the fence about moving out from Chicago/IL. Not sure if you have school age kids but how do you find schools in Reno area? I figured schools on south side(Damonte Ranch area) would be certainly upgrade compared to the Ogden/Jenner. But how would you compare them to the nicer schools in Chicago’s suburbs like Glenview/Northbrook/Naperville?
“So if $25/mo is the new norm, where do you get off with saying $100/mo just for cable?”
Do you pay $25 a month for your cable with all the movie channels and high speed Internet JohnnyU in your single family home in St Charles?
No?
Okay then.
It cost YOU, single family home owner, MUCH MORE. Even if you got rid of your cable, once you get the Internet and all the equivalent cable/streaming services, you are certainly paying over $25.
The big buildings downtown have bargaining power due to their size. They go to their cable providers and say, “we need a better deal or else we’re going to change providers.” And they say, “gosh, okay. We’ll give you the package, with an updated super speed modem for $25 a month, instead of $40.”
Yes, that’s what they do so that they can keep the 300+ accounts in that building.
The cable is thrown in, basically, for free now. What the buildings want is the high speed Internet because everyone in the building is now working from that building.
I know you’ve never lived in Chicago in a high rise. That much is clear because you don’t understand what’s in a big building assessment.
But you really don’t understand how buildings are managed.
“sorry for slightly hijacking the discussion, but I have a question for sonies about Reno.”
Sonies, alexoc has a question for you about Reno schools.
“Do you pay $25 a month for your cable with all the movie channels and high speed Internet JohnnyU in your single family home in St Charles?
No?
Okay then.”
WTF does this even mean? You hitting the boxed wine hard last night?
I dont even live in the state, you clown
“The big buildings downtown have bargaining power due to their size. They go to their cable providers and say, “we need a better deal or else we’re going to change providers.” And they say, “gosh, okay. We’ll give you the package, with an updated super speed modem for $25 a month, instead of $40.”
Yes, that’s what they do so that they can keep the 300+ accounts in that building.
The cable is thrown in, basically, for free now. What the buildings want is the high speed Internet because everyone in the building is now working from that building.
I know you’ve never lived in Chicago in a high rise. That much is clear because you don’t understand what’s in a big building assessment.
But you really don’t understand how buildings are managed.”
This is a lot of words, just to avoid backing up what you claimed. I know shocking that you’d lie out your ass and then throw a wall of meaningless words up to deflect.
Please provide links – not mythical “friends”, not you heard, but a link to the following statements or just take the L
“Yep. They know no one wants the cable anymore but they basically throw it in with the 5G now.”
“I know one building that just renegotiated and got the newer, high speed modems installed, new TIVO boxes and full cable package with all the movie channels for just $25 a month.”
I’d also like a list of Condos/apts offering “5G”
” I figured schools on south side(Damonte Ranch area) would be certainly upgrade compared to the Ogden/Jenner. But how would you compare them to the nicer schools in Chicago’s suburbs like Glenview/Northbrook/Naperville?”
Hi alexoc, I’m not a fan of the Damonte ranch area, so much effing traffic down there and a lot of ugly toll brothers/Lennar mega suburban style developments.
The schools are ok, not great. Nevada overall rates horribly for schools, but thats probably heavily weighted by urban vegas and the extremely rural rest of the state. I find most parents in the nicer parts of Reno to at least care about their kids education.
If you live in a poor area, they are terrible. Just like Chicago, if you have money you’ll be fine. Theres a school for the highly gifted that is one of the best in the world, and there’s a few other private options if the public schools don’t work for you. I don’t have any kids though so first hand experience is limited.
I think the best schools in town are if you live in the Caughlin Ranch/West/Southwest Reno area with Caughlin ranch Elementary, Roy Gomm, /Reno High zone. Thats where I live and its great. Older housing stock but much bigger lots and scenery. And my property taxes are a whopping 5k a year (because older house)…
“It cost YOU, single family home owner, MUCH MORE. Even if you got rid of your cable, once you get the Internet and all the equivalent cable/streaming services, you are certainly paying over $25.”
$20 for internet, $15 for HBO Max, $14 for Disney+/Hulu/ESPN bundle, $0 for YouTube = $49. Top floor of a 3 flat. If you or your kids are “gamers” add an additional $15 – $20 for internet. This is still less than the $100 cable bundle.
I think you are getting hosed by your ISP and/or cable company. May want to call them up.
The market has been deflationary with all the streaming services and cord cutters. Covid has accelerated these trends.
“The cable is thrown in, basically, for free now. What the buildings want is the high speed Internet because everyone in the building is now working from that building.”
The cable and ISP providers are low budget no name companies whose main customers are office towers and thus already have scale to offer cheap services in residential towers – RCN, Spectrum, Everywhere Wireless that most residents in condos have never heard of.
Sounds like you are getting ripped off if you are spending $100+ a month on a cable/internet bundle. Even if you go through Comcast/AT&T you shouldn’t be paying this much.
Thanks sonies.
I did look into Northwest Reno(around Robert McQueen School) but didn’t realize that Southwest would also be a great options. Initially I thought Caughlin ranch and Roy Gomm were purely magnet schools(which I am generally disregarding from consideration since they are not guaranteed, like it doesn’t help you living by Skinner North here) but it looks like they do serve houses in the area. I would prefer to live in the area with a good neighborhood schools to expand the options.
Which gifted school did you refer to as one of the best in the world: The Davidson Academy, TMCC Magnet or maybe even Coral Academy?