Market Conditions: Out of Town Developers Arrive to Build Apartments in the GreenZone
Crain’s reports on an Oregon developer that is going to build 2 apartment buildings in the GreenZone.
One will be in River North on land that was supposed to be a condo building before the bust and the second one will be near the Old Cabrini Green complex in Old Town.
The projects in River North and Old Town, which will cost about $147 million combined, are the first in the Midwest for Gerding Edlen, an office and apartment developer that has a strong concentration in western states and in recent years has ventured into the East Coast.
The firm formed a joint venture last month with Chicago developer Fred Latsko to build a 25-story tower with 188 units at 212-232 W. Illinois St., which valued the River North site at $12.5 million, according to Cook County records. Mr. Latsko, who bought the property near Gene & Georgetti restaurant for $9.5 million in 2008, according to county records, maintains sole control of a landmarked former firehouse on the western portion of the parcel at 228 W. Illinois, where he is expected to open a restaurant of about 5,000 square feet.
By the end of this year, Gerding Edlen plans to kick off an 18-story, 240-unit tower at 625 W. Division St. in Old Town, across the street from a Target store under construction on land that was once part of the Cabrini-Green public housing complex, Mr. Saito said.
Gerding Edlen bought that property for $5 million on March 14, county records show.
But are developers getting ahead of themselves? 5200 new apartments are now expected to come on line downtown in 2013 and 2014.
Gerding Edlen is doubling down in a new market that will soon be awash with new apartment towers. “After a strong 2012, new supply will put pressure on rents and occupancy from late-2013 through 2014,” according to Appraisal Research’s first-quarter report.
In River North, new projects in various stages of development could nearly double the current supply of about 2,700 units.
“On the one hand, we have measured concern about that,” Mr. Saito said. “On the other hand, that’s one of the things we liked about the deal with Fred — we can start right away, and we’ll be ahead of a lot of the buildings (planned) in River North.
“Compared to other cities of similar scale, (Chicago is) actually a pretty balanced market. In Seattle, on a relative basis there is a lot more construction currently. There are a lot of examples like that. For the moment, we feel good about the Chicago market.”
Are we at peak rents?
With all this supply expected to come on the market, will it be a renters market next year in downtown high rises?
Trail leads to Chicago for Oregon apartment developer [Crain’s Chicago Business, Ryan Ori, June 19, 2013]
Not particularly surprising, rents are still rising as well as vacancy.
Oops, that was supposed to say occupancy not vacancy.
Rents will continue to rise for the next year or so until these all come online…then the balance will tip in favor of owning and some of these will convert to condos.
FYI: The May sales data was out this morning. I forgot that it was that time of the month. I’ll have an update on it tomorrow.
Not surprisingly, both sales and median home price were up double digits from a year ago.
In light of yesterday’s fed meeting and reactions across equity and fixed income markets I am going to suggest that we have seen the high for the housing market. I certainly don’t have enough experience to know how quickly this will start bleeding into the local housing market, so we could certainly see a couple more months of sustained activity as uninformed buyers pick up the last of the inventory and savvy individuals realize it is time to dump. Obviously there is a caveat to all of this if the Fed once again decides to intervene in the middle of a broad sell off once again…
This will all end in tears…
I don’t know if this is the ‘top’ of the market again. My neighborhood, a great place to live, is still 35% off the peak 2007 price, and hasn’t been this cheap on a sq ft basis in more than 10 years. Probably longer but the zillow map only goes back 10 years. Sure there are a handful of GZ areas at peak or near peak but that’s not the norm. 35% off is a pretty good deal, even in this hot market right now. My town’s peak was a median $320 psf and was over $300 psf from 2005-2007. It’s at $210 right now, which is the median between the dated properties in teh high 100’s and the renovated properties in the lower to mid $200’s. It’s still possible to get properties in the $100 psf in an area with great schools and a forest like setting in the Chicagoland area. This is no ‘bubble’. Tight inventory makes for good supply and demand but it’s no bubble.
Show me $500k two-flats in Rogers Park or $570k bungalows in Albany Park (not ravenswood manor) and I’ll show you a bubble.
We are nowhere near any top this is a much overdue normal sell off in a bull equity market and a huge overreaction to the fed’s comments that said that they are still buying 85 billion a month of treasuries or MBS’s
trust me, it ain’t over yet
I think the recent spike in rents is a clear indication that demand is out pacing supply. How may new units are needed to slow the higher year over rental prices? We shall see how it plays out but anyone who thinks the market can’t support addition units does not understand economics. Will the trend continue for higher end professionals to want to live in the most vibrant locations? Again, time will tell….
Who are the “higher end professionals”…? Are the baby boomer kids creating this demand? How large is that generation and what are the age ranges right now? 16-32??
So what if they are from out of town? They appear to have a “formula” and proforma, one that works elsewhere and isn’t terribly complicated. Hire a local architect, get 3 bids from the top GCs and pick one (this deal based on size, will have to be union), and get to work.
How is this different from a West Coast restaurant chain coming to RN and putting in their concept/product etc.?
Where are all these renters coming from? I thought census records showed people are leaving Chicago. Are these renters coming in from the burbs or are they new to Chicago?
“So what if they are from out of town?”
Agreed. I have no clue how the Oregon market is doing, but I’m going to assume, not so well, so that firm decided to look elsewhere to make a buck. If you have the resources and talent to scope potential oppurtunites outside your backyard, why not?
“Who are the “higher end professionals”…?”
Professional singles and perpetual adolescents, homosexuals, purposely childless/selfish DINKs that accumulate toys and furnishings, baby boomers who refuse to retire (think 60 is the new 30)… basically RN to copy the what’s been going on in the Big Bagel and San Francisco. It’ll be filled up with alcoholics (wine the preferred beverage), and people in therapy, plastic surgery patients, narcisscists in yoga (until they invent a new fad), shopaholics, etc.
“Where are all these renters coming from? I thought census records showed people are leaving Chicago. Are these renters coming in from the burbs or are they new to Chicago?”
My guess is a mix of both. Coming of age people, baby boomer offspring.
“Where are all these renters coming from? I thought census records showed people are leaving Chicago. Are these renters coming in from the burbs or are they new to Chicago?”
The latest Census estimate show Chicago’s population growing.
“I have no clue how the Oregon market is doing, but I’m going to assume, not so well, so that firm decided to look elsewhere to make a buck”
I think they are merely replicating a successful business plan. Like a chain store…they have their plans. Its not like an apartment tower is that difficult to do. You just have to pick a unit-mix and decide which amenities to add, lease some ground floor retail. Maybe put in some office or a “Yoga” studio too. The rest can be laid out by practically any architect around a central core of elevators and a garbage chute.
One could probably just visit 30 websites of high-end apartment buildings in Berlin, NYC, Hong Kong, Miami, etc. and then list all their “amenities” from the website…..and then for Chicago, just choose which ones are needed or will help attract tenants. It’s not like Chicago is the cutting edge on design or amenities, or unit-mix. You could just copy and pick/choose from what’s being done in other locales more out front on the curve.
housing can stand an increase in rates. people were buying much more expensive places at 6+% 30yr loans in 06. And who was that? 25-30yr olds with a good job etc. So you are saying there are none of these people anymore? I don’t buy it.
helm, babyboomers are not refusing to retire because they think that “60 is the new 30”.
They’re refusing to retire because they are by and large broke. In any case, retirement at the age of 60 is a luxury of the 60 year boom that is now over and will most likely stay over for ever. In ages past, and most likely in the future, people will work until they are past 70, if only because overburdened younger generations can not and SHOULD not be forced to support a generation of 75 million people in retirement for 25 years or more. I fully expect younger generations to rebel and I also expect that we baby boomers will not have quite such long lifespans as the fortunate GI and Silent Generations.
“The latest Census estimate show Chicago’s population growing.”
Maybe it’s the GZ that is growing, and the non-GZ that is losing population. Areas of the southside are not growing and there are many vacant lots and empty retail storefronts, etc. While the GZ areas get more popular, they add population, but it’s singles, homosexuals, DINKs, etc. so overall it won’t offset the losses in the non-GZ where the household size is larger.
http://quickfacts.census.gov/qfd/states/17/1714000.html
Maybe it’s the “greatest generation” that is truly at fault, after all, for our sorry state of affairs. They were the lazy ones that allowed the baby-boomer to run wild and live like perpetual adolescents. As they rot in their nursing homes, it becomes an interesting phenomenon to study how the boomers sarificed nothing either for their parents or their kids, while their parents and their children both come out on the losing side.
Make way! Boomers are retiring! Or maybe they aren’t! Make way! Boomers need their Viagra! Get out of the way! Boomers need this, boomers want that. Ugh. It’s like a mob of 50 million large babies who depend on prescription drugs, therapy and Oprah’s advice to make it through life. What a pile of b.s. we inherited.
“I fully expect younger generations to rebel”
Let’s hope so, but look at how they worship Obama, himself an agent of the baby boomer intellectuals who craft everything he says, thinks and does. Who knows….
Just build them some more high-rise condos and make sure they all have “wine-fridges” in them.
http://en.wikipedia.org/wiki/Demographics_of_Chicago
in 2000, it was 2,894,000
GZ population obviously increased from 1990 & 2000, but the rest of Chicago that hipsters and homos don’t care about is losing density.
Yeah, it looks like Chicago peaked in 2000. So, again, where are these new renters coming from?
“Yeah, it looks like Chicago peaked in 2000. So, again, where are these new renters coming from?”
Hello! McFly…
It’s the GZ that is increasing, the non-GZ that is decreasing. The overall net is slightly down from 2000, however the GZ is increasing which means there are more renters in the GZ.
“I thought census records showed people are leaving Chicago.”
Poor people can’t afford to live in the city anymore, so they are typically the ones that are leaving, the poor south and west sides have been hit the hardest with population over the last 20 or so years
I don’t think there will be new renters. Renters will move to the newer, higher quality buildings. The real problem will be for existing buildings. Maybe some of the older buildings will become low-cost condo buildings, a la American Invesco.
“Poor people can’t afford to live in the city anymore, so they are typically the ones that are leaving.”
That’s hard to understand. There are plenty of low-cost housing neighborhoods and housing options in Chicago. There’s also CTA transit, you don’t need to burn as much gasoline running errands, there’s plenty of thrift shops to buy the yuppies’ cast-off clothes and baby clothes, there’s tons of free food banks, everyplace takes Link cards and there’s no stigma attached to using it in Chicago. Maybe it’s the crime that’s driving them out? Oh…I forgot, it’s the crappy schools which is probably the reason that heterosexuals with offspring are leaving, even with the minority groups.
Public housing in downtown / GZ Chicago has been dismantled and those displaced individuals are moving to the periphery and being replaced by higher income individuals. So while the GZ may have shown only slight population growth it has seen a significant shift demographics. These shifts gain momentum and feed off themselves as once undesirable places become desirable thereby increasing amenities thereby increasing desirability and so on. For example – Cabrini Green goes down then WF expands then SoNo gets built then Apple opens then SoNo 2 gets built then Target moves in…
Short version – we are seeing a greater density of high income individuals in the GZ which driving rents higher.
My personal opinion – the burbs are dying (no need for large homes because people waiting longer to have kids / commuting becoming less desirable with gas prices high and dual income homes (mom can’t hang around waiting for handyman and harder to justify 1hr commute for 2 people instead of just 1) / families more spread out and transient so no need for the “compound” / downtown becoming more desirable with more amenities. The traditional factor that drove (and continues to drive some people) to the burbs is schools. But with more dual income families who are waiting longer to have children and have fewer children when they do – the costs for private education are not as burdensome.
There’s also a ridiculous amount of regressive taxes on things like junk food, cigarettes, alcohol, not to mention the insane sales tax, vehicle stickers, gestapo like ticket police or department of revenue… I can’t imagine being poor in this town, I sure as shit wouldn’t live here, especially since you are subjected to living in a crime infested part if you are poor. I’d rather live in a trailer in the boonies than that
“I’d rather live in a trailer in the boonies than that”
Less free shit. More stigma attached to being poor. Harder to “get lost in the crowd”. You stand out more in the boonies/trailer scenario.
Chicago itself is still cheap, it’s the preferred choice of mental patients, moochers, homeless, drunks, thrift store shoppes, and disability types, etc.
“My personal opinion – the burbs are dying ”
That’s typical NPR nonsense you hear. The exurbs might be dying, such as the small rural towns that got sucked into the suburbs as a result of the sprawl and housing boom, but they’re not ‘dying’ by any stretch of the imagination.
If anything is dying, it’s the city. The South and West sides look more like Detroit, there is not a single suburb in Chicago comparable to the gang infested crap holes like much of the west and south sides. The northwest side is no cupcake either. There’s a handful of places like edison, old irving, norwood, that are stable but places like jefferson park, dunning, over by the HIP, kilbourn park, hermosa, belmont-craigin, etc that are not stable, and in fact have been taking a turn for the worse.
The mix of residents is changing in the city, not necessarily the amount of residents (though last year’s estimate shows growth of 10k-20k people). If you have one poor person leave, and one high income person arrive in their place, you need different types of housing in different locations. That situation would show no population change, but still drive new housing development. WBEZ did some interesting analysis going back 30 years that shows the change in income distribution across the city… wish I could find it right now. In any case this creates a positive self sustaining cycle driving up the tax base, which gets invested back into the city, making the city even more attractive for talented high paid people.
“(though last year’s estimate shows growth of 10k-20k people)”
Correct, actually the estimates of both 2011 and 2012 show Chicago with population growth.
“Where are all these renters coming from? I thought census records showed people are leaving Chicago. Are these renters coming in from the burbs or are they new to Chicago?”
Low income is moving to the burbs and the money is moving to the better areas of the city. The core of the city is growing my leaps and bounds. Money is everywhere!
Also, you want to solve the violence issue on the far South and West sides? Buyout the current property owners, re-zone as industrial/manufacturing, create a 20 year tax free zone, and watch middle wage jobs come to the city in place of the gangs. We need a place for the businesses to go once the west loop and finkle is all condos anyway.
“The South and West sides look more like Detroit, there is not a single suburb in Chicago comparable to the gang infested crap holes like much of the west and south sides. ”
Ford Heights? Chicago Heights?
Also I’ve thought of a new way to clean up those shitholes in Chicago: start tearing down the blighted buildings in this rapidly depopulating neighborhoods and provide NO incentive for banks to loan there and start serious and often inspections of apartment buildings to insure they’re up to code. Also start cutting back on city services aside from CPD. No more exclaves of Africa in Cook County.
There are 9.7 million people in the chicagoland area, including NW indiana. Of those 9,700,000 people, 5.1 million live in Cook County. Of the 5.1 million in Cook County, only 2.7 million live in the city of Chicago. Of the 2.7 million that live in the city of Chicago, the only areas that are thriving are a sliver of northside neighborhoods most of which are close to the lake.
I can’t find any details without doing some pretty intensive math, but I’d say it’s a million or more people that live in these north/NW side neighborhoods that are ‘thriving’. So basically the argument is that 10% of the region’s population in a handful of neighborhoods = suburbs are dying.
nice try
http://www.nbcchicago.com/blogs/ward-room/Chicagos-Most-Depopulated-Neighborhoods–205968891.html
Lakeview and Lincoln Park have a combined 158k people. Naperville has 142,000.
Arlington Heights has more people than Lincoln Park. Park Ridge has more people than North Center.
Mt. Prospect has 25% more people than Lincoln Sq.
Ok bob, I’ll give you ford heights. Chicago heights is lower income but it doesn’t have blocks upon blocks of vacant buidlings. Bellwood and maywood may be aclose second, but it has nowhere near the crime and violent crime as the south side. People move from the southside to bellwood specificaly to avoid the city crime.
We need to focus more on more than just raw population numbers. The city is getting richer and the suburbs are getting poorer.
” In any case this creates a positive self sustaining cycle driving up the tax base, which gets invested back into the city, making the city even more attractive for talented high paid people.”
Brad: you’re falling into the elitst trap. You must be a DINK, a homo, or a hipster. The NET for Chicago is down, not up. For every square mile of the GZ that improves, there is probably 2-3x the area of Chicago where it is falling, so the net result to the tax base is negative in real terms. Chicago is raising taxes on a marginally less valuable base, overall. Maybe we could create our own city, the Green Zone, and formally de-annex from the majority of Chicago. Put in a moat. That’s one advantage Manhattan has, it’s an island!
“create a 20 year tax free zone”
Since when does Chicago or Illinois or the socialist/liberal United States ever lower taxes? Look at the recent Stalinst show trial held to attack Apple. Apple has a legal obligation to obey tax laws, but tax avoidance is normal and LEGAL. Yet our feckless baby-boomer inquisitors want to punish them, and practically confiscate their legally held money! Good luck on the tax-free zone, not to mention that the elite in both parties are globalists and there’s no chance of tariffs to help create jobs here at home.
” provide NO incentive for banks to loan there and start serious and often inspections of apartment buildings to insure they’re up to code. Also start cutting back on city services aside from CPD. No more exclaves of Africa in Cook County.”
Tyrannical equality-by-demand activists will never let this happen. The Jews have had a good run in America since the Sixties, but 50 years later, they haven’t been able to solve a damn thing. Same old poor, different decade. Probably a trillion dollars thrown at it, and nothing to show for it. Not a thing.
“http://www.nbcchicago.com/blogs/ward-room/Chicagos-Most-Depopulated-Neighborhoods–205968891.html”
Interesting link. I also agree that the majority of desirable suburbs are doing just fine. They are built out with no more land to increase population whereas the desirable north side neighborhoods still have plenty of places that can be inhabitated.
“So basically the argument is that 10% of the region’s population in a handful of neighborhoods = suburbs are dying. ”
Remember this site has an over-representation of realtwhores pitching these neighborhoods to earning a living off of commissions. Its hard to convince someone of something when said fact is directly contrary to their livelihood.
And after re-districting the Democrats did, these high-flying greenzone sheeple are in for a shocker after they crap out a kid and flee to the burbs. Taxes are going up, up, up in Illinois to solve all kinds of problems Madigan, Cullerton & their soldiers got us into.
Heck if anything making the suburbs increasingly untenable for middle class living via exorbitant taxation might make a case for continued GZ prosperity/expansion.
“The city is getting richer and the suburbs are getting poorer.”
How many times do we have to go over this?!!! The middle class is being eradicated in Chicago. Look at areas like Dunning and all the square miles of “Groove”-type Chicago on the NW and SW sides. Foreclosures even in so-called middle-class areas, people’s wealth wiped out, there aren’t any good jobs, despite what Bernanke is bullshitting. These declining areas probably offset a few Andersonville cafes that have opened up, dontcha think?
“there is not a single suburb in Chicago comparable to the gang infested crap holes like much of the west and south sides”
Bob beat me too it. But Harvey is right there, too–Harvey’s city government makes the Kilpatrck admin in Detroit look like a paragon of virtue.
If you think the pits are limited to the south burbs, I direct you to this lovely home:
http://www.redfin.com/IL/Maywood/304-S-5th-Ave-60153/home/13324890
The taxes are ‘worth’ 6.5 times what the house is!
“What they cannot do is stop people from voting with their feet, however.”
Chicago has an increasing bad reputation around the USA. Chicago has always been a bragging-type town, and other college grads who had to put up with “I’m from Chicago” types during college and business careers etc. aren’t shy about the schadenfreude. I spoke with a business contact in Houston recently, and this guy truly believes they are the “3rd” city now, Houston is an international city, a 3rd coast, etc. and Chicago is perceived as a 20th century, corrupt, bankrupt midwest has-been that cannot compare to the dynamism that’s going on in TX. I also talked with a businessperson recently, who said they are looking to expand their RE activities in Dallas and Charlotte, and establish “regional” offices in these locations to service TX and the Southeast/FL. Chicago isn’t even on their radar, and he said “your city isn’t growing”. I retorted trying to salvage the business call: “yeah, but we’re a city of 9 million people” and his reply was “yeah that’s not growing”…..so people looking to pursue business growth aren’t coming here.
” I don’t think the Democrats are interested in improving things at all for the likes of these terrible south side neighborhoods–these are the most captive of votes. What they cannot do is stop people from voting with their feet, however.”
The current powers that be in the city *want* those in the “terrible south side neighborhoods” to leave. And in many of those areas, most of them have.
“The current powers that be in the city *want* those in the “terrible south side neighborhoods” to leave. And in many of those areas, most of them have.”
Who’s that?
Rahm
Pritzkers
Obama
Daniel Levin
What’s their conspiratorial game plan?
“Chicago has an increasing bad reputation around the USA. ”
Illinois unemployment rate is 9.3%, surpassed only by Nevada. Washington, DC has an unemployment rate of 8.5% for comparison.
And Nevada at 9.6%? Its peak to trough in house prices was a 62% decline. Even today they’re 54% off their peak. So Nevada has somewhat of an excuse.
What’s Illinois’ excuse?
“Who are the “higher end professionals””
Its the millenials, so everyone is a “higher end professional”.
Well you guys are incredibly optimistic and I appreciate that and hope you are right. My comment was not necessarily directed at the micro-Chicago real estate market. I think there are lot of solid arguments here for the future of Chicago and the GZ market. I will leave you with this:
http://www.zerohedge.com/news/2013-06-20/what-recent-surge-rates-means-your-home-purchasing-power
and if anyone can pull up a chart of the 30 year bond I would encourage them to do so = )
Well, helmethofer talked to three people in Texas, and they’re not interested in a 9 million person market. Guess we better close up shop guys. We tried our best, maybe next time.
” Guess we better close up shop guys. ”
They already have business here. They were saying they don’t intend to expand or pursue new business here. Their capital is best deployed elsewhere at this time, in areas that are growing, have job growth (relative), and aren’t saddled with a bankrupt system and high taxation. That’s the jist of it.
HD – What I mean by “dying” is they are losing their appeal for well off / wealthy people and will see the opposite of the demographic shift that is happening in the city. There will be fewer wealthy people and more low income people there – the opposite of the urban flight that occurred in the 70s. The A+ burbs will be insulated (Winnetka / Highland Park / etc) but the real pain will be in the lower tier burbs – similar to how housing prices are close to peak in the GZ but still depressed in the rest of Chicago.
“similar to how housing prices are close to peak in the GZ”
In certain parts of the twilight zone we call the GZ, housing prices are _above their peak_ (IE: West Town).
“I’d help them with STD awareness and how to prevent it.”
Oh right, sometimes I forget all/only homosexuals have STDs.
“Basically be an all around man, so they could benefit from the diversity I would represent in their narrowly defined materialistic and gay lifestyle.”
You are truly noble, sir.
I have been browsing this blog for a while now. I find it refreshing to be exposed to different perspectives. I particularly appreciate that some posters look for facts to back-up their positions. Unfortunately, the level of barely veiled racist, homophobic and, for lack of better word, imbecil comments are really difficult to ignore… I understand that smart people are simply trying to ignore the rubbish but there should be other ways of dealing with that, no?
And here’s a TX RE Company investing in Chicago.
http://www.huntcompanies.com/article/hunt-joins-in-joint-venture-acquisition-of-newly-built-luxury-high-rise-in-dynamic-chicago-submarket
“what would you do if Jewish gay hipster DINKs moved in next door?”
He’d thank his stars that it’s not a bi-racial (white/black), bi-religious (jewish/muslim; non-observant, natch), gay hipster couple with 5 Benetton-ad kids.
LOL pray away the gay like Michele Bachman’s gay husband teaches? Seems to be working well for him…
HH’s shtick is so repetitive and nonsensical I often doubt whether he even really believes what he says.
“Oh right, sometimes I forget all/only homosexuals have STDs.”
That is why when you donate blood or plasma they specifically ask males if you have had sex with a man since 1978.
I remember seeing some headlines some time back alderman Tunney thought this policy unfair. Bwahahahaha!
MSM (the health term for gay males) are one of the chief vectors of the virus and have an HIV prevalence rate far and away above that of the normal population. Because they are very promiscuous.
HIV is more easily transmitted male to male than male to female. The difference HIV rates isn’t due to greater promiscuity in gay men.
I would prefer to live near gay people because they tend to have fewer (if any children). If they do have children it’s because they really want the kids, not because they of an accident. They don’t drain as much from society by sending their kids to schools and are less likely to be in gangs or be part of any other very masculine activity that drains the resources of society.
“I spoke with a business contact in Houston recently, and this guy truly believes they are the “3rd” city now”
HH, I wish your friend happiness and success in Houston. I urge you and Bob to join him there. They’ve really got if figured out in Texas. You two have done your best for Chicago, and all it’s done is fail you. You deserve better.
Either Houston or Dallas would be a great fit for two dynamic, resourceful, truly enlightened guys like you. Best of all, Texas is definitely SWPH, except for Austin (but, then, who would willingly live in that socialistic hellhole?).
As for me, I know when I’ve been licked:
http://en.wikipedia.org/wiki/Global_cities
Burbs are not going anywhere anytime soon. For every white hipster that moves into “West Bucktown”, a family of 4+ leaves the outer ‘hoods. Also, Asian, Euro, and Latino immigrants are not even bothering with the city, and move right to a nice burb with good schools. Burbs are not “lily white” as the high rise snobs still think.
And newsflash, there are actaully ethnic restaurants and food stores outside the city limits!
Hipsters claim to be “inclusive”, but they really only want carbon copies of themselves to mingle with. They will eat ethnic, but keep those ‘scary people’ out of the GZ! And definitely don’t show any ‘average’ traits.
The fastest growing population is brown Latinos, many under 18. Will aging GZ hipsters, [and yes you will age!] accept them in 20 years into their ‘exciting nabes’?
Lastly, there is this magic invention called Commuter Trains, and people can actaully live outside High Tax & Spend city and work in Loop. Some think the only train that exists is North Side Red Line.
Oh, or Florida, too. A minor Floridian writer once called it “lint trap of human folly,” but that’s probably good for people in the real estate business, right?
If Wikipedia states that Chicago is Alpha+, and Houston is Beta+, then it must be true. And there’s no way it could be the musings of some kid. I mean everyone knows Tokyo, with it’s metropolitan area of 36MM, “complement(s) London and New York. I always wondered why those 36 million people congregated. Obviously to complement London & NYC!
helmethofer sux, that is all.
Hey John Jacob Inglehoffer Schmidt: did you see a new Chick-fil-A opened in the loop? Now all you good Christians have another lunch option where you can freely discuss how teh gayz are ruining society!
You guys are all right. I am moving myself from Lincoln Park and heading west to Glen Ellyn. I may even look in Wheaton as the suburbs are so inviting. Strip malls are where it is at, and it is really convenient when you have a good restaurant, cleaners, and bar in one strip mall. You just drive up and can spend hours walking from business to business. I heard they actually have Starbucks out there now as well… I should feel right at home.
Steve I thought you loved Cary, IL?
“Chicago has an increasing bad reputation around the USA.”
If this is true, it only matters in the world of internet comment boards.
The city is dying a slow death…clearly….. http://www.chicagotribune.com/business/breaking/chi-google-west-loop-20130620,0,6140941.story
“jenny (June 20, 2013, 4:16 pm)
HIV is more easily transmitted male to male than male to female. The difference HIV rates isn’t due to greater promiscuity in gay men.”
Site your source please. Unless you happen to be a doctor for the CDC.
“I would prefer to live near gay people because they tend to have fewer (if any children). ”
How do they feel about tortoises
“I heard they actually have Starbucks out there now as well… I should feel right at home.”
So *that* was what you were doing during your long cc absence? Pulling espresso?
“lint trap of human folly”
I like that phrase. I always thought that a title like that would go to Las Vegas, or, these days, Dubai. But other people call Las Vegas the holy city of the True American Religion, the worship of unearned riches; and I call Dubai a gem-encrusted Venus Fly Trap for stupid rich ex-pats.
Here’s an article that discusses the increased risk of HIV transmission in anal sex vs. vaginal sex: http://www.thebody.com/content/art57330.html
I remember a professor of mine saying that a straight person who has never used intravenous drugs or had sex with someone who used those drugs, has almost zero chance of contracting HIV in the United States.
Jenny–you might want to ask for a tuition refund.
HIV transmission from a woman to a man is very low. See this article: http://www.aidsmap.com/Estimated-risk-per-exposure/page/1324038/
Popular media and high schools use scare tactics with regard to AIDS. If HIV was easily transmittable among heterosexual populations, we’d see MANY more people with HIV. It’s just not easy for a woman to infect a man, so the incidence among straight people is lower than among gay men.
bug catchers anyone?
for bob, zero sex means zero chance of catching any std.
i think it’s a lot easier to spread herpes and hpv.
“It’ll be filled up with alcoholics (wine the preferred beverage), and people in therapy, plastic surgery patients, narcisscists in yoga (until they invent a new fad), shopaholics, etc.”
Darn it, for once I thought I was in the clear, but then he had to include shopaholics 🙁
“I’d also keep my eye on the neighborhoods kids, since 80% of all pedophiles, ephebophiliacs and pederasts are male homosexuals”
Citation please?
Today’s topic STD transmission chatter….
Will that be a topic on the new forum Sabrina?
I think alderman Moreno must be a closeted homo due to his stringent opposition to a location opening in his ward. Chicago unemployment is over 10% with the state ranked second to last.
Illinois leftist politician, seeing an influx of SWPLs to his Logan Square ‘hood, capitalizes by helping keep a business from opening and hiring people.
Those Logan Square tattooed white lefties don’t give a shit about the people that might’ve been hired by that location opening. They pay lip service to them and assuage their white guilt by voting D.
Well if the current mainstream RePubs weren’t so anti-Mexican and almost comically white-male, perhaps they wouldn’t be resorted to being “corraleled in by the marxists”
Wow, another discussion about gays and leftists. Where’s Titicaca to tell us only rich can comment on luxury properties?
“t’s sad when the Hispanics come to the USA, they then get corralled in by the marxists who cleverly and deceitfully use the immigration issue to hook them, and then proceed to destroy any vestiges of honesty, morality, duty, faith,”
Less than a decade ago they were 60/40 split in terms of voting and to the right of even whites on social issues (so are voting blacks). The elite leftists have caught on and waged a huge propaganda war to promote the homosexual lifestyle as acceptable and that the other party are old white bigots and it seems to have been working per the 2012 election results.
http://www.freerepublic.com/focus/f-news/2958571/posts
The continued media programming I think was largely at work in 2012 with them going 4% further D. Their strategy is have a black guy as president so he gets 90% of the black vote (13% of the population) _no matter what_, and paint the R party as old, white & rich.
Remember all they need is more voting takers than makers and then they can slim the two-party system down to one.
I’m increasingly convinced that Bob and Helmet are the same person.
“and almost comically white-male”
That’s the impression you get if you only watch TV (you forgot old). 44% of female voters voted for Romney in the last election (and given the incumbent already captured 90% of the black vote that means other demographic female voters are higher for Romney).
You probably didn’t know that stat–you certainly won’t find it broadcasted on the boob tube. What you would’ve found broadcasted over the _national_ MSM during the 2012 election cycle was any dumb comment, belief or statement made by any R candidate running even for congressional office. Remember the Aiken headlines? The JYT made sure America knew about it, with no caveat that maybe one persons opinion doesn’t represent millions of others.
https://www.nytimes.com/2012/08/20/us/politics/todd-akin-provokes-ire-with-legitimate-rape-comment.html
The ensconced, elite leftists that control the MSM (and many are indeed ashkenazis and sepherdics) are very good at freaking out women voters over social issues and propaganda. What could’ve Aiken really done as a member of congress to overturn RvW?
And more importantly what did the MSM do to convince female swing voters last election cycle his views represented the entirety of the party? Quite a bit–he was just a house candidate from Missouri.
Still some blame must lie with the R party. In the past decade they’ve been bending over backwards to try to capture the jew vote with marginal success (not recently but still). They should’ve been focusing on the hispanic vote. Their latest antics regarding the abortion vote do show a party in disarray.
*and correction: in a previous post I stated we had a “black guy” as president. I meant a European-American and African mix–not an African-American. The president is as much south side black as I am.
“In certain parts of the twilight zone we call the GZ, housing prices are _above their peak_ (IE: West Town).”
No way Bob. Please link to properties that are selling for more than 2007 without any rehab. It’s certainly not single family homes. Plenty of $1.2 million 2007 new construction homes now selling for $850,000 or whatever.
“The middle class is being eradicated in Chicago.”
This is happening in every major world class city. The New Yorker just had an article talking about how the middle class has been destroyed in the city of San Francisco (only rent control is keeping some of the remaining ones there.) Average house price is again $1 million. ha! ha!
Why do you think they were rioting a few years ago in the suburbs of Paris and not in the city center? Middle and lower classes are all in the suburbs now. Rich in the city center. Same with NYC and Brooklyn. Who’s middle class in Brooklyn?
“Why do you think they were rioting a few years ago in the suburbs of Paris and not in the city center? ”
In Europe suburbs have always been for the poor. It is not a new thing.
Always miumiu?
I don’t mean in 18th century but for sake of this discussion yes. Banlieues are working class apartments at best. Same is true for Rome, Naples, etc.
There are nice villages outside of Paris with cute single family homes (much smaller than US albeit). They are not really suburbs.
The country with most America like suburb culture is UK IMHO.
““Why do you think they were rioting a few years ago in the suburbs of Paris and not in the city center? ”
Oh yes, the “youths” that overturn cars and set them on fire? Not French. Not Europeans. Non-whites. The non-indiginous people should just leave if they have so much hate.
“The middle class is being eradicated in Chicago.”
This is happening in every major world class city.
In Chicago, 2/3 of the city is low-cost housing, very available without any need for subsidy whatsoever. Move right in. This bullshit that developers must create “low income” units is dishonest. There’s plenty of housing, cheap, in Chicago. The programs that demand it in the GZ have their root in anti-white racism, forcing the break-up of white culture any time it surfaces is the marxists’ goal. Such losers.
example of low cost housing: http://www.redfin.com/IL/Chicago/5021-W-Wellington-Ave-60641/home/13440697
TONS of IT.
FYI, from Citibank / The Economist‘s benchmarking of global cities:
Chicago ranks ninth in the overall Index and is America’s second most competitive city after New York. As America’s second most important financial hub after the Big Apple, Chicago ranks 20th in the category of financial maturity. It ranks above any other US city on its environmental governance and ability of dealing with environmental challenges (joint 4th). Its public transport plan runs until 2040, and its water management plan controls water quality, supply and demand through to 2050.The city’s eonomy is projected to grow by an average of 3% per year, roughly on par with San Francisco and Washington DC. The city has a long history of attracting immigrants and ranks 15th globally on social and cultural character. Other components that underpin its competitiveness are projected improvements in government effectiveness, the quality of healthcare and flight connectivity.
New York (at #1) and Chicago (at #9) are the only 2 US cities in the top ten. Washington DC, Los Angeles, Boston, and San Francisco are in the top 20. Houston is #27. Dallas is #32.
Link (to pdf) http://www.citigroup.com/citi/citiforcities/pdfs/hotspots2025.pdf
Here I am Tone! Had a large cup of coffee and was tied up on the mug, dropping a huge Louzader! Must be a biotch to know that you have no dough, and no one cares about your silly commentary unless you can actually AFFORD the place being profiled. I have concluded that CC is simply filled with liberal, pretentious, middle-class at best posuer’s, who use the board as a means of shouting to the heavens, “I am somebody! Listen to me!
As an aside, all the SS I will take out of the system, I paid into it. It’s the hand we were all dealt, thank your gods FDR and LBJ. Focus on the real problems, like Jesse junior collecting SS after scamming taxpayers out of $$$$. Have to run, have a Louzader-head sticking out…..
what you would’ve found broadcasted over the _national_ MSM during the 2012 election cycle was any dumb comment, belief or statement made by any R candidate running even for congressional office. Remember the Aiken headlines? The JYT made sure America knew about it, with no caveat that maybe one persons opinion doesn’t represent millions of others.
Except that his opinion does represent millions of others. The belief that abortion should be illegal with no exception for rape or incest is part of the Republican party platform.
Your own comments are quite revealing Titicaca.
No it’s not Madeline. That’s what your party teaches you about your enemy. Just Ike North Korea teaches that Americans are all evil.
Titicaca – are you 12? Go back to the Justin bieber boards, that was one of the most immature posts I’ve read in a while.
The abortion issue and the strange religious beliefs of republicans keep me voting for libertarians (as a protest vote).
Jenny, then your vote is a wasted vote.
Don’t worry. They won’t get rid of abortion in NY or IL.
You have to worry about it more in the deep Southern states.
“Don’t worry. They won’t get rid of abortion in NY or IL.”
That’s because the ethical treatment of animals is more important!
“Jenny, then your vote is a wasted vote.”
A libertarian vote isn’t a wasted vote, especially in a state like Illinois. Your statement reflects the wrong broad consensus that only each election cycle matters in a vacuum and it’s best to vote for the lesser of two evils. Such short-term thinking is how the two parties maintain a duopoly over the country and the richest 40,000 Americans remain ensconced and essentially control America.
Its serf-like thinking that you have to vote for one feudal lord or the other, to try to maximize whatever crumbs either will pass you.
“Its serf-like thinking that you have to vote for one feudal lord or the other, to try to maximize whatever crumbs either will pass you.”
Ha! Excellent.
“flaming libs wanting to blame the SS crisis on boomers”
There is no SS crisis. Not aware of any libs who think there is. There is a bit of unpleasantness on the Medicare side of things, but nothing that death panels can’t sort out.
Bob, dude, did you make out like a bandit or what on Shilling’s last RE call?
http://finance.yahoo.com/blogs/daily-ticker/20-drop-housing-cause-recession-2012-says-gary-161445494.html
Helmie, I’m surprised you of all people are pro-life.
Remember what they said in Freakonomics about abortion?
I’m not just pro-choice.
I’m pro-abortion.
No–the Fed got involved and decided to balloon up it’s balance sheet to keep the house of cards standing for a couple more years. Still–how much longer can they keep the charade going? It’s a common saying among fixed income traders to “not fight the fed”, but the fed sure looks pretty vulnerable with their current strategy. I can’t envision a scenario where QE continues on for 18 more months even. Even _IF_ they continue for 18 more months at current asset purchase levels, they’re going to be sitting on a $5T balance sheet. By that point interest rates spike and the dollar loses credibility.
http://www.forbes.com/sites/realspin/2013/06/09/given-its-highly-risky-balance-sheet-its-time-to-stress-test-the-fed/
Interview with Greenspan on the Fed’s exit from it’s $3T (and growing) balance sheet. Only a fool would think you could unwind a portfolio this size and not roil markets.
http://video.cnbc.com/gallery/?video=3000172830
A weak dollar would be fuckin’ awesome! Can we have that? Also, inflation. Dude, all your Krugerands
would be out of sight.
Kball is “increasingly convinced that Bob and Helmet are the same person.” I disagree. I believe the arrogant self appointed head of superior lifestyles ‘Lake Titicaca’ is Helmet’s new handle. HH has identical adolescent-like take/fixation with excrement, sewers & ongoing fascination w/posting words like Titi-caca.
Also ironic that Bobblehead posted “serf-like thinking … try to maximize whatever crumbs either will pass you.” a day after his TeaParty’s idol Scott Walker withdrew an appointment for cause. Anyone who exercised free speech & signed their name to the recall petition fails Walker’s public hiring litmus test
“Remember what they said in Freakonomics about abortion?”
It’s not abortion that reduced crime rates, it’s the removal of lead from gasoline.
Yeah, I voted for Gary Johnson out of protest because Romney and Obama both suck ass
Southbound: you baby-boomers are the worst thing that happened to the United States of America. You’ve failed everyone, and we all see the results of it. All the debt, the poor, no jobs, racism, 50 million on food stamps, abortions, divorces, immorality, pornography, corruption, obesity, old people stuck in nursing homes, kids with no jobs, did I already say TRILLIONS in debt? You’ve left us with nothing but bullshit, everywhere we turn.
Whoever Lake Titicaca is, if a vile person like Southbound hates him so, then he must be overall a good person.
Southbound–only idiots who watch TeeVee and don’t know the inner workings or machinations of the tea party believe Scott Walker is a “tea party idol”. Jim DeMint was more of an idol. Shouldn’t you be busy trying to tie the recent run up in interest rates to some Koch brothers conspiracy?
“a day after his TeaParty’s idol Scott Walker …”
The hatred of some people towards the “Tea Party” is simple anti-white racism. It’s as plain as day.
The Tea Party is about economics, but many use it as a proxy for “whites”, in particular economically and fiscally conservative whites who understand basic mathematics.
The anti-TP people are so blinded by their extreme bigotry, their vicious and insane levels of hatred of the “picture” of the Tea Party, that they cannot and will not listen to anything that is discussed about BUDGETS, mathematics, taxation, etc. Anti-TPer’s are insane, racist, white-haters, and overall America haters and lastly: Morons. They are morons because they cannot understand that trillions in debt cannot possibly be repaid.
Instead of trying to analyze what to do, or come up with a solution, like the TP is trying to do proactively, the Southbounds of the word instead reflexively decide to block progress, stifle debate, intolerantly hate the TP because the people proactive, out front, trying to do something positive for the country, just so happen to be white. Southbound’s ilk are leading us to doom, and when the Fed gives up the fight (they cannot monetize our deficits indefinitely, forever), then we will have our reckoning day foisted upon us by the most selfish, self-centered, idiotic generation in the entire history of the United States: the baby-boomers. Guys like “southbound”. Traitors.
” the Southbounds of the word instead reflexively decide to block progress, stifle debate, intolerantly hate the TP because the people proactive, out front, trying to do something positive for the country, ”
The Southbounds of the country know that kind of fiscal discipline/austerity the tea party promotes by reigning in spending will disproportionately impact those heavily dependent on government spending at each stage in their life cycle (like southbound’s children undoubtedly).
And they don’t want the debate to shift to those who promote individualism, personal responsibility and self-sufficiency (tea party) vs. collectivism, no personal responsibility and dependency (Southbound), because they’ll lose that. So instead they try to the shift to one of demographics and social issues. The mainstream media has been a handmaiden in the presentation of this as one of demographics & social issues.
I’m not surprised neither posted any response to Scott Walkers actions. Like all facists they believe the misuse of power for right wing goals is totally acceptable since their ends justify any means. And no matter how many times you two post lies here we know it is congressional Tea Partiers striving mightily to stifle any debate on topics like immigration while Potus is appointing Repubs to key posts reflecting true democracy in action. Here’s an editorial quote that applies to much of what Dumb and Dumber post here “…describing the comments as “inane and asinine” and “appalling and demeaning.There’s a longer list of adjectives for __’s remarks, but we’ll leave it at that.”
“the misuse of power for left wing goals is totally acceptable since their ends justify any means.”
Are you talking about the Jews in the IRS that just had to step down because they misused their power abusively and racistly? LOL.
Who cares about Scott Walker? Get a real problem.
Dammit Southbound.
“The Southbounds of the country know that kind of fiscal discipline/austerity the tea party promotes by reigning in spending will disproportionately impact those heavily dependent on government spending at each stage in their life cycle (like southbound’s children undoubtedly).”
No Bob, that’s wrong. The southbounds of the country don’t even focus on “fiscal” anything. They don’t even think about it, they don’t listen, they don’t contribute.
They see a “picture” of the Tea Party and immediately their reflexive hate, their instanteous bigotry kick in….at the mere sight of white taxpayers. The southbounds of this world are bizarre people. It makes you wonder though, that if the TP delivered their economic ideas in “text form” without a visual for him to hate, whether he could then possibly absorb the ideas for discussion. Maybe they could have a robot as a spokesperson so southbound wouldn’t have to look at white people and instinctively get filled with rage. It makes you wonder if he hates looking at old pictures of his parents’ and grandparents’ weddings etc. he probably does. Sick boomer.
No, it’s not Madeline. That’s what your party teaches you about your enemy.
http://www.gop.com/2012-republican-platform_We/#Item14
Faithful to the “self-evident” truths enshrined in the Declaration of Independence, we assert the sanctity of human life and affirm that the unborn child has a fundamental individual right to life which cannot be infringed. We support a human life amendment to the Constitution and endorse legislation to make clear that the Fourteenth Amendment’s protections apply to unborn children.
No exceptions.
The Tea Party is about economics,
The Tea Party is about hating Obama:
http://www.newrepublic.com/article/113542/will-tea-party-die-when-obama-leaves-office#
According to Parker and Barreto, 91 percent of Tea Party supporters hold negative opinions of Obama. (This beats the 82 percent who hold negative views of illegal immigrants, and, even more tellingly, the 85 percent who report a preference for limited government.) Sixty-seven percent of Tea Party supporters believe that Obama is a socialist, and 71 percent think he will destroy the country. Destroy the country! In contravention of basic, established facts, solid majorities do not believe that he is a Christian (71 percent) or that he was born in the United States (59 percent). Parker and Barreto take pains to distinguish these views from those of non-Tea Party conservatives, and to ensure—by means of regression analysis—that Tea Party affinity, and not some other factor like support for the Republican Party, accounts for the figures. Most distressingly, fully two-thirds of Tea Party supporters want Obama to fail. It is profoundly dispiriting to confirm that so many on the far right put ideological purity over the common good.
“make clear that the Fourteenth Amendment’s protections ”
“No exceptions.”
Heh.
Sabrina,
Would you PLEASE PLEASE PLEASE pretty PLEASE ban Helmut from your site? He adds nothing of value to any discussion, instead talks constantly in a negative tone about those who are different from him. I can’t really tell what group he actually belongs in as he has bashed nearly every group imaginable.
Wallowing in self hate and hatred for all members of society must be such a heavy burden to carry. But for the sake of this forum, especially if you are thinking of going to a different set up, ban him and record his IP addy so as not to let him return in any form.
Bob is slowly becoming the next helmut only due to the massive amounts of cheap beer he consumes. I can handle a cheap drunk I just can’t handle….I don’t even know what or how you would describe the likes of Helmut.
Just please for your loyal readers and for those who are reading for the first time…..get rid of this fool once and for all.
The New Republic is not a credible source. Too biased. It’s a jewish news magazine, and just like the folks at the IRS that had to step down, the NR types are just as bigoted against white people. Actually, I think a RE person from Chicago (jewish of course) owns it now. Michael Alter. These people are not fair-minded Americans, just the opposite.
I think it’s time to BAN SOUTHBOUND for disruption, so we can get back to real estate.
Madeline, here is what I was referring to: “In March 2009, Peretz and a group of investors led by former Lazard executive Laurence Grafstein and that also included Michael Atler[17] bought the magazine back from CanWest, which was teetering on the edge of bankruptcy. Frank Foer continued as editor—the person responsible for the day-to-day management of the magazine—and Peretz remained editor-in-chief.”
Madeline,
“The belief that abortion should be illegal with no exception for rape or incest is part of the Republican party platform”
“Faithful to the “self-evident” truths enshrined in the Declaration of Independence, we assert the sanctity of human life and affirm that the unborn child has a fundamental individual right to life which cannot be infringed. We support a human life amendment to the Constitution and endorse legislation to make clear that the Fourteenth Amendment’s protections apply to unborn children.
No exceptions.”
Madeline–it doesn’t explicitly state they’re against abortion in those instances. That’s your MSM programming kicking in.
Westloopelo–you’re a overly privileged homosexual from Manhattan. Why you continue to hang out here is beyond me. Shouldn’t you be chasing Anderson Cooper around the West Village??
“I think a RE person from Chicago (jewish of course) owns it now.”
Christ fecking Jeezis. Can we get better trolls around here?
http://www.politico.com/blogs/media/2012/03/new-republic-owner-editor-chris-hughes-116915.html
Hughes. Hughes. Just what kind of name is that, anyway?
Gee Non-chat….so sorry I wasn’t “perfectly” up to date with the info that former Lazard executive Laurence Grafstein sold it. My bad. I admit it.
Non-chat: actually the “source” that Madeline is using is: “According to Parker and Barreto, 91 percent of Tea Party supporters…”
“Parker (Fighting For Democracy: Black Veterans and the Struggle Against White Supremacy in the Postwar South, 2009) and Barreto (Ethnic Cues: The Role of Shared Ethnicity in Latino Political Participation, 2010)”
LOL!!! It’s so easy, so easy….
Yeah, let’s listen to some bigots’ opinions. These guys hate white people, period. Diversity is a failure in America, these guys prove it.
Look, HH, since the RE market is boring these days, I come here for the trolls. You guys are seriously falling down. I expect you to be wrong, but you’re getting sloppy. And verbose. You need to keep it pithy. You too, Bob. I come here to examine the reactionary white male lizard brain in your posts. I don’t want to work so fucking hard for such a crappy return.
LOL!! What are you talking about? It’s the JZ and southbounds that are the reactionaries, look at how flustered they get when someone questions their versions of reality or the status quo they represent!!
PS I’m never sloppy. How many people here on CC would’ve even known that a Chicago RE person had bought the NR magazine? A: None So, at least you learned something today.
Chris Hughes (one of the founders of Facebook and in no way connected to Chicago Real Estate) is the owner of The New Republic.
So, you’ve learned something today, maybe?
http://www.usatoday.com/story/news/politics/2013/06/18/abortion-bill-house-vote/2435353/
The bill included an exemption for women who get pregnant through rape or incest as long as they first report the sexual assault to legal authorities. It was added at the last minute by House Republican leaders after a broader Democratic amendment to add the exemption was defeated in the House Judiciary Committee last week.
They initially drafted the bill without any exemptions whatsoever. They were only added as a compromise.
I said: “a Chicago RE person had bought the NR magazine”. That statement is true. yeah, so Chris Hughes bought it within the last year……excuuuuuse me. The magazine still has a long history of supporting archconservative Zionism, while supporting archliberalism for America. It doesn’t get much more jewish supremacist/centric than those two dissonant but widely-held ideologies. So, it’s a natural they are going to hate the TP and hire anti-white racist writers to attack it. the big question is why Chris Hughes would participate and collaborate with bigots like that? maybe he bought it to change it from the hate mag it’s always been? who knows….but I doubt it. There brainwashing that affects people like JZ, Southbound etc. is a peculiar thing, hard to explain rationally….why someone would collaborate with people who dislike them innately. You’d have to ask southbound why he likes people who despise his ancestry etc.
Does anyone know if the project at 625 W Division will be required to have a portion of low-income housing, as has been required on developers of former CHA land?
I said: “a Chicago RE person had bought the NR magazine”. That statement is true. yeah, so Chris Hughes bought it within the last year……excuuuuuse me.
Sorry, but you were lording your “knowledge” over everyone else. Turns out you really didn’t know what you were talking about. Which makes this just another day on Crib Chatter.
the big question is why Chris Hughes would participate
You don’t know much about Chris Hughes, do you?
Can we play a new game (all of us including yours truly): no response to anything HH posts till end of June and see how that works out?
K asked “Does anyone know if the project at 625 W Division will be required to have a portion of low-income housing, as has been required on developers of former CHA land?” It’s PD required set asides of 10% for CHA tenants and 10% for affordable housing units. I don’t know if Mike Reschke, the local developer who successfully flipped his contract for maybe 100% profit (previous ask was $2.8 mil) to the Oregonians, who paid $5 mil, got the PD amended.
Wisconsin falls to 44th in job creation:
http://www.jsonline.com/news/wisconsin/wisconsin-private-sector-job-creation-ranking-declines-799bcsa-200435291.html
Wisconsin ranked 44th out of the 50 states in private-sector job creation in the 12 months from September 2011 to September 2012. The state’s position has deteriorated progressively from a revised rank of 41st in the previous 12-month period through June 2012; and from a rank of 37th in the 12 months through March 2012.
For example, Wisconsin ranked 11th among the 50 states in 2010 in private-sector job growth, outperforming the nation as a whole. But it dropped to 38th in 2011, Gov. Scott Walker’s first year in office.
“Can we play a new game (all of us including yours truly): no response to anything HH posts till end of June and see how that works out?”
Also have to ‘no reponse’ meta-replies; which I’m meta-violating now.
“But hey you received job training that qualified you for employment as a book-keeper so you got that going for you. ”
Yes. Everyone that graduates from the top business school in the nation works as a “book-keeper” 🙂 Where oh where did I leave that darn Quickbooks manual?
Face it Southbound, the only thing you have going for you here is you hated Wisconsin suburban life so much you moved here, probably with a recall walker sticker on your 80s vintage Volvo. But this city eats alive the weak and meek like you. Too scared to tell mommy & daddy back home in suburban Wisconsin stocking RE magazines in taverns isn’t quite paying the bills?
And this is what happens when you major in poli-sci at UW-Madison: you wind up getting paid $9/hour by the likes of Joey Z to restock his RE rags in taverns.
Oh yes I’m sure you were brokering and important business development deal with said tavern owner and were planning on putting up a high-rise where that tavern stood. Haha
“Can we play a new game (all of us including yours truly): no response to anything HH posts till end of June and see how that works out?”
Yes- please. I am starting immediately.
Sabrina: Why do you leave doofus Bob’s BS & erroneous slanders up but delete my innocous responses? (Rest of this comment edited by Sabrina).
I’m tired of you and Bob and HH going at it. I will delete all of your comments back and forth to each other. Just stop it.