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What will a nice $700k place in Logan Square, Chicago be worth in 15 years?
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Date: February 20th, 2018 12:16 PM Author: aqua sweet tailpipe And what will the property taxes be?
I.e., just how bad and long-lasting will all the pension shit be vis a vis nice places in trendy neighborhoods but not mega-rich |
Date: February 20th, 2018 12:18 PM Author: bistre talented private investor theater stage Nobody really knows, but if the city is really going to try to dig out of its hole and pay all the owed pensions, the only plausible path I see is MASSIVE property tax increases. They can't really increase other taxes too much more or people will just leave. (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35444751) |
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Date: March 16th, 2018 10:16 AM Author: Yellow titillating turdskin Progressive tax is coming. Middle class to 6.5%, 225k+ to 7.25% (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618549) |
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Date: February 20th, 2018 12:19 PM Author: alcoholic codepig Is it a primary residence or investment property?
Assessments keep on going up, and you just need to challenge them. It's about as Chicago as deep-dish pizza. There's always talk about improper assessments and how it helps Madigan and the others stay in business given their firms do tax appeals.
Now, the public pension crisis. lol. It's all fucked up. I guess they can unsuccessfully try alternative taxes, like the soda tax. But, I mean, how much does that get you compared to property hikes? |
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Date: February 20th, 2018 12:22 PM Author: bistre talented private investor theater stage The soda tax made no sense since the people who buy all the soda use SNAP and can't be taxed. But realistically, there are only 2 paths forward on the pension crisis: (1) figure out a way to default on or retroactively adjust pension liabilities. (2) tax the living shit out of all property owners. |
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Date: February 20th, 2018 12:25 PM Author: alcoholic codepig Yea, a federal prohibition or restriction.
I hope they default on it, but does the constitutional guarantee (or whatever it's call) apply to only state pensions or does it also apply to municipalities? |
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Date: March 16th, 2018 10:07 AM Author: exciting son of senegal $70k, $70k (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618475) |
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Date: March 16th, 2018 10:12 AM Author: canary dilemma mad cow disease (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618515) |
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Date: March 16th, 2018 10:14 AM Author: Flesh Shivering Heaven Doctorate If you're looking for a great return, put that money in the market, not a $700k property....especially not a non-income generating property. (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618539) |
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Date: March 16th, 2018 10:15 AM Author: nudist swashbuckling death wish feces Buy an investment property in Evanston. (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618544) |
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Date: March 16th, 2018 10:18 AM Author: canary dilemma mad cow disease Can you get anything good for $700k? (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618565) |
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Date: March 16th, 2018 10:20 AM Author: exciting son of senegal You mean Seattle, Denver, Portland, Austin, or Nashville? (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618580) |
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Date: March 16th, 2018 10:21 AM Author: Yellow titillating turdskin Denver isn't already flooded with outside money?
Nashville sounds nice |
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Date: March 16th, 2018 10:25 AM Author: exciting son of senegal You can get significant appreciation there, unlike Chicago (http://www.autoadmit.com/thread.php?thread_id=3898439&forum_id=2#35618610) |