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#1 | |
Did you hear what I said?
Join Date: Aug 2000
Casino cash: $-766615
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Posts: 121,769
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#2 | |
I'll be back.
Join Date: Nov 2002
Casino cash: $820478
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I recently caught some sellers who turned out to be pretty untrustworthy IMO. "We cleaned the sewer line. It looks good!" Plumber: "Yeah this is going to cost you $6k to fix." ![]()
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Posts: 297,405
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#3 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $-1601756
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We've always tossed around the idea of keeping a condo in Chicago after we relocate our primary residence within the next 3-5 years. With money cheap and a surplus in downtown, its very tempting now. Currently there's 3bd/2ba for under 400 and 2bd/2ba in the 200-300s happening now for downtown properties.
They go quickly but it seems like a limited opportunity to get in as the 2020 dust is still settling. |
Posts: 36,993
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#4 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-662449
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This may be silly, but if you're thinking of buying in an area that's anywhere close to commercial area or busy street, you might consider a quick call to the county planning office to just ask if there are any long-term changes that might happen. They're generally friendly people who don't mind talking to the public, and you can find out if there's an application for a sex offender home or a big apartment complex or a road widening. They won't know everything but they often know if something big is happening. It's probably not necessary if you're looking at a place that's buried in the middle of a subdivision surrounded by similar homes, but as noted earlier if you're overlooking a golf course or an open space, it doesn't hurt to ask if it's going to be gone in a year. I had a relative who bought a restaurant once, and he didn't do this. A few months after he made the purchase, a major road widening project started and made it a huge hassle to get to his restaurant. It was a disaster. I figure the seller knew about it, which was why he sold.
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Posts: 145,490
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