Get In, No Matter What!

Sunday's (24 DEC 06) Chicago Tribune's RE section has the median Chicago household income at $68,000. I'm assuming that is Gross. To buy a good house in a good hood in Chicago be prepared to pay $350,000 - 450,000 easy. Do you think that median income can stretch that far?

Denver's Ongoing Foreclosure Problem

In August, Weld County had the worst foreclosure rate in the United States.

According to RealtyTrac.com, a popular foreclosure site, Weld Co. has 3,075 properties in some state of foreclosure. Guess how many Cook County has? 41,495! Granted, Cook is allot bigger than Weld, but more than 13 times the worst in the country?!

Can't the Second City get any credit??

Taxes Are Going Up: Where?

Tax Assessment Increase Map

It seems that Chicago and Cook County are raising taxes. Above is a map of the City and where increases are taking place. Interesting enough the highest increases are in the Washington Park area. WP is a run down ghetto, littered with gang bangers, drug dealers, and vacant, garbage filled lots. And it is also the projected site for Chicago's 2016 Olympic bid!

The Olympic Games will help revitalize Washington Park ...

Typical methodology. Crank up the taxes to force the poor out. Build up. I wonder which pol's nephews bought up all those lots........

Anyway, for us Taxpayers:

Here is a write-up on how to calculate your Cook County property taxes:

Figure out your taxes

How much money do you make?

Salary Survey Report City: Chicago

How do you stack up?

Atleast SOMEONE can buy RE in Chicago...

From drug dealer to real estate guru: Rushing teaches how to house hustle

From the Chicago Defender:

Here are two facts about Kenny Rushing that he's not proud of: he was a millionaire by the time he was 18, and he sold poison in the form of illegal drugs in his beloved African American community.

...

Rushing is a legitimate multi-millionaire today with his company, Rehabbers Superstore Inc., started a year after being released from prison.

And as a motivational speaker throughout the country, Rushing is now showing former ex-cons and minority youths how to transform their lives through a concept he calls "The House Hustling Movement."

...

House Hustling Enterprises Inc, a separate division of Rushing's parent company, offers information and knowledge to ex-cons and street hustlers, among others, on how to develop themselves as entrepreneurs in the real estate game.

Welcome to Second City Bubble Blog

I have the joy of driving around the wonderful metropolis of Chicago. I get to see much and learn allot. I am very interested in Real Estate and am constantly blown away by what people are will to pay (and ask) for a house.

I will be posting links and stories for helping those of us trapped in the City of Chicago to navigate the hilarity.

Enjoy.