I'm in Winfield and prices keep going up here. I paid 335 for a townhouse 2 years ago (the year prior they were going for around 279 to 300) and now some are selling for 445, 465, and aren't as nice as mine inside. It's crazy. I think of a house pushing half million as a small mansion, not a 2000 sq ft townhouse; I have trouble accepting it.
Waukegan? I usually get shot once or twice while towing the boat to marina. Mundelein taxes are ridiculous. I have 6 properties in round lakes and grayslake, mchenry is next. I also have a property in Streamwood but cook county is a no go for me. Great show, thanks!
Thanks for watching and for your comment! It sounds like you have quite a bit of experience with different areas in and around Chicago. Each suburb has its unique challenges and perks. It's interesting to hear about your property investments in Round Lakes, Grayslake, and plans for McHenry. Appreciate you sharing your experiences, and I'm glad you enjoy the show!
Folks complaining about property taxes in IL usually miss the fact that it's one of the reason prices don't shoot up as bad as say California. Artificially low property taxes can be a disaster for the public.
You make a really insightful point! High property taxes in Illinois do indeed play a role in moderating home price fluctuations, which can provide a more stable market environment compared to places with lower taxes but higher volatility, like California. It's a complex balance between tax rates, market stability, and public services, and each aspect influences homeowner decisions differently. Thank you for adding this perspective to the discussion-it's important to consider all angles when evaluating real estate markets. Appreciate your comment!
Property taxes can definitely be a major consideration when buying a home. It's essential to do your research. Chicago does have some low-tax spots that are hidden gems. Property Taxes are a big deal here in IL.
Heck yeah! The Midwest is all about getting the most bang for your buck. I checked out your Podcast. Congratulations on your success! Let's chat about a Podcast.
Thank you for sharing your concerns. Chicago, like many major cities, faces its share of challenges, including debates over taxes and public safety. However, many residents and investors find value in the city's vibrant culture, economic opportunities, and real estate market, which has shown resilience and growth in various areas. Understanding all facets of a city is crucial, and it’s important to consider both the challenges and what many people love about living here. If you’re interested in a deeper dive into any specific issues or benefits, I’d be happy to provide more information. Thanks for engaging in the conversation!
Just talk new extreme climate change weather just over the last 4 years? I track weather daily for outdoor work. Your dream destination likely hurt by or continually affected by fires, mudslides, erosion, deluge rains, tornadoes, hurricanes, storm surges, tropical storms, smoke and, and and…. Illinois suburbs still standing, rarely threatened and is proven reliably weather safe. Amazing how north suburbs of Chicago spared so many times when even the dangerous winds, rain, storms, potential weather patterns w/“rotation”…..are near. Extreme weather wiping out communities all around the country for awhile now. Safe is smart. Money, investment & “Bang for your Buck” stupid if health & safety are not your first consideration for where to call home.
Thank you so much for the kind words! It's fantastic to hear from a newly licensed broker with an interest in real estate analysis, especially for an area as dynamic as the South Loop of Chicago. My advice? Start where you are with what you have, and your unique perspective will definitely shine through. Video quality improves with practice and time. Feel free to reach out if you have any questions or need tips on getting started. Best of luck with your videos - I'm sure you'll do great!
Thank you! I'm so glad you found the information helpful. If there's anything more you'd like to know about Chicago's real estate market, feel free to ask. Your support is greatly appreciated!
@@ralphieandryan actually, the main reason for my contacting you is that I would love to do a Collab in the near future about your real estate stories. We are a bunch of investors and there are some people from Chicago, but in Puerto Rico there is 0% in income tax and capital gains and that’s why we move here. I started this TH-cam channel with my investing club. We do stock. Mostly some of the people do bitcoin. That’s my story in the nutshell will be in touch if you don’t mind.
lol anyone living in IL aka the 2nd HIGHEST taxed state for home ownership makes me giggle. My brother and I both owned a 200k home and I was paying $1,000 annually in AZ, while he payed $4,000 in property taxes. Can you imagine lighting 3000$ a year on fire? If you took 3000$ a year and put it in an IRA with 6% interest, you would have 254,000$ at the end of a 30 year mortgage. Heck no.
Thanks for your insight on property taxes! Indeed, Illinois has one of the highest rates, and the contrast with Arizona really highlights the differences. However, many find Illinois' top-notch school districts and four-season climate justify the cost. Plus, while investing in an IRA is great, real estate in the right market can also appreciate significantly, offering a tangible asset and potential rental income. It's all about weighing these factors against personal and financial priorities. Thanks again for sparking such a thought-provoking discussion!
Absolutely, I received your Calendly invite and have also sent you an email directly to ensure we're all set for our call. Looking forward to speaking with you soon and answering any questions you might have. Thank you for reaching out!
Thanks for your comment! I understand where you're coming from, and indeed, like many cities, Chicago's real estate market has its mix of highs and lows, making it a B/B+ market in general evaluations. The video aims to highlight areas where Chicago excels and offers unique opportunities that may not be immediately obvious. It's always great to get different viewpoints, and your skepticism is definitely a valuable part of the conversation. If you have specific areas or points you think should be discussed further, I'd love to hear more about your perspective!
@@ralphieandryan And thanks for you reply. I didn't mean to be so negative. I think the third coast has some of the best real estate in the country (I love the city) but the real estate market is not the best for me.
I'm in Winfield and prices keep going up here. I paid 335 for a townhouse 2 years ago (the year prior they were going for around 279 to 300) and now some are selling for 445, 465, and aren't as nice as mine inside. It's crazy. I think of a house pushing half million as a small mansion, not a 2000 sq ft townhouse; I have trouble accepting it.
Waukegan? I usually get shot once or twice while towing the boat to marina. Mundelein taxes are ridiculous. I have 6 properties in round lakes and grayslake, mchenry is next. I also have a property in Streamwood but cook county is a no go for me. Great show, thanks!
Thanks for watching and for your comment! It sounds like you have quite a bit of experience with different areas in and around Chicago. Each suburb has its unique challenges and perks. It's interesting to hear about your property investments in Round Lakes, Grayslake, and plans for McHenry. Appreciate you sharing your experiences, and I'm glad you enjoy the show!
Glad to be moving out of Chicgao. Too much regulations.
Hey Ralphie, really nice video! I was wondering if I could help you edit your videos and also make them highly engaging shorts out of them.
Folks complaining about property taxes in IL usually miss the fact that it's one of the reason prices don't shoot up as bad as say California. Artificially low property taxes can be a disaster for the public.
It's better to have price shoot up with low property tax. Mortgages can be paid off. Property tax cannot.
Artificially low property taxes? What the heck is that?
Most nonsensical take possible wtf 🤣
You make a really insightful point! High property taxes in Illinois do indeed play a role in moderating home price fluctuations, which can provide a more stable market environment compared to places with lower taxes but higher volatility, like California. It's a complex balance between tax rates, market stability, and public services, and each aspect influences homeowner decisions differently. Thank you for adding this perspective to the discussion-it's important to consider all angles when evaluating real estate markets. Appreciate your comment!
As a homeowner, shouldn’t you want your home value to go up? 🤔
lets talk about those property taxes :)
Keep me posted on foreclosures. thanks.
What about the freakish property taxes? You buy now, you get locked into a stupendous property tax. Don't do it.
Property taxes can definitely be a major consideration when buying a home. It's essential to do your research. Chicago does have some low-tax spots that are hidden gems. Property Taxes are a big deal here in IL.
Midwest is the bank for your buck. Agree. We should do a podcast
Heck yeah! The Midwest is all about getting the most bang for your buck. I checked out your Podcast. Congratulations on your success! Let's chat about a Podcast.
Lol 😂 I needed a good laugh !
That cow needs to kick over another lantern again...
Sky high taxes, Illegals on every corner and rampant crime. What's not to like!?!?
Thank you for sharing your concerns. Chicago, like many major cities, faces its share of challenges, including debates over taxes and public safety. However, many residents and investors find value in the city's vibrant culture, economic opportunities, and real estate market, which has shown resilience and growth in various areas. Understanding all facets of a city is crucial, and it’s important to consider both the challenges and what many people love about living here. If you’re interested in a deeper dive into any specific issues or benefits, I’d be happy to provide more information. Thanks for engaging in the conversation!
It’s the best city in the US. You’re watching too much “news” and not doing enough research.
@@neosapienz7885 I've been there on multiple occasions..
@@themandalorian9009 I live here on all occasions.
Just talk new extreme climate change weather just over the last 4 years? I track weather daily for outdoor work. Your dream destination likely hurt by or continually affected by fires, mudslides, erosion, deluge rains, tornadoes, hurricanes, storm surges, tropical storms, smoke and, and and…. Illinois suburbs still standing, rarely threatened and is proven reliably weather safe. Amazing how north suburbs of Chicago spared so many times when even the dangerous winds, rain, storms, potential weather patterns w/“rotation”…..are near. Extreme weather wiping out communities all around the country for awhile now. Safe is smart. Money, investment & “Bang for your Buck” stupid if health & safety are not your first consideration for where to call home.
beautiful video. as an newly licensed broker, i wish I can make real esate analysis videos regarding south loop of chicago matching your quality
Thank you so much for the kind words! It's fantastic to hear from a newly licensed broker with an interest in real estate analysis, especially for an area as dynamic as the South Loop of Chicago. My advice? Start where you are with what you have, and your unique perspective will definitely shine through. Video quality improves with practice and time. Feel free to reach out if you have any questions or need tips on getting started. Best of luck with your videos - I'm sure you'll do great!
As someone who lives in Illinois this screams “the grass has to be greener on the other side!”
Illinois home ownership is a myth at my finicial level
Great information!
Thank you! I'm so glad you found the information helpful. If there's anything more you'd like to know about Chicago's real estate market, feel free to ask. Your support is greatly appreciated!
@@ralphieandryan actually, the main reason for my contacting you is that I would love to do a Collab in the near future about your real estate stories. We are a bunch of investors and there are some people from Chicago, but in Puerto Rico there is 0% in income tax and capital gains and that’s why we move here. I started this TH-cam channel with my investing club. We do stock. Mostly some of the people do bitcoin. That’s my story in the nutshell will be in touch if you don’t mind.
Nice job 👍🏻
Thanks Jeannine!
lol anyone living in IL aka the 2nd HIGHEST taxed state for home ownership makes me giggle. My brother and I both owned a 200k home and I was paying $1,000 annually in AZ, while he payed $4,000 in property taxes. Can you imagine lighting 3000$ a year on fire? If you took 3000$ a year and put it in an IRA with 6% interest, you would have 254,000$ at the end of a 30 year mortgage. Heck no.
Thanks for your insight on property taxes! Indeed, Illinois has one of the highest rates, and the contrast with Arizona really highlights the differences. However, many find Illinois' top-notch school districts and four-season climate justify the cost. Plus, while investing in an IRA is great, real estate in the right market can also appreciate significantly, offering a tangible asset and potential rental income.
It's all about weighing these factors against personal and financial priorities. Thanks again for sparking such a thought-provoking discussion!
Because I live by Chicago that’s why people want to be around a god can you blame them!
Can I book a call with you
Absolutely, I received your Calendly invite and have also sent you an email directly to ensure we're all set for our call. Looking forward to speaking with you soon and answering any questions you might have. Thank you for reaching out!
doing great though 👍👍
Thanks Danial, I hope all is good with you brother.
New Orleans? Or did you mean Louisiana
Hi Logic, I want to mention New Orleans Louisiana. 😃 Zillow has them as a -9% in price YOY. www.zillow.com/research/data/
Bro what? Is this click bait? Chicago is a B/B+ market. Is good even great in some places bjt come on 😂
Thanks for your comment! I understand where you're coming from, and indeed, like many cities, Chicago's real estate market has its mix of highs and lows, making it a B/B+ market in general evaluations. The video aims to highlight areas where Chicago excels and offers unique opportunities that may not be immediately obvious. It's always great to get different viewpoints, and your skepticism is definitely a valuable part of the conversation. If you have specific areas or points you think should be discussed further, I'd love to hear more about your perspective!
@@ralphieandryan And thanks for you reply. I didn't mean to be so negative. I think the third coast has some of the best real estate in the country (I love the city) but the real estate market is not the best for me.
🕊🌎🕊🕊sharing🫂thankYOU
Thank you so much for your support! I really appreciate it.