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PostPosted: Sat Jan 30, 2021 7:57 pm 
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Cook county property tax bill arrived today for our arlington heights double-wide.
We have been in the house 31 years.
When we bought, the tax bill was $1,040.
Per inflation calculator our tax bill should now be $2,170.
2019 property tax $8,000.

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PostPosted: Sat Jan 30, 2021 8:23 pm 
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Ogie Oglethorpe wrote:
good dolphin wrote:
somehow a few people found a way to make money on real estate in such difficult market

https://www.chicagobusiness.com/crains- ... rd-profits

So I listened to the podcast and here are some nuggets.

People are selling their home for $47k more than they paid on average (but that isn't accounting for upgrades and money people put into their home outside of their initial purchase). They point out that for much of the last decade Chicago home owners were losing money when they sold due to the slower recovery.

Also, that $47k number isn't that great. People in my neighborhood net more than that selling a home 2-3 years after initial purchase and that's with likely lower initial purchase prices than what you would find in the Chicago area. I went under contract on my home in early 2018. If I was to sell it today, 3 years alter, getting only $47k above what I paid for it means I need to fire my realtor given what's happening in my housing market. My market is unique so let's look at the rest of the country.

The same year a Chicago seller could expect $47k profit, the national average was $75k. Chicago's market is one that is below average in just about every metric.

https://www.prnewswire.com/news-release ... ion%20high.



Quote:
ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Sales Report, which shows that home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,500 in the first quarter of 2020 and from $65,250 in the second quarter of last year. The latest figure, based on median purchase and resale prices, marked yet another peak level of raw profits in the United States since the housing market began recovering from the Great Recession in 2012.

The typical $75,971 home-sale profit represented a 36.3 percent return on investment compared to the original purchase price, up from 34.5 percent in the first quarter of 2020 and from 33.7 percent a year ago, to another post-Recession high.


Uh, so you are taking the average gain in Chicago and comparing it to your “baller” ozarkaplex hood?

You see the fallacy here? I am sure you have had nice appreciation in your property in the past three years, and I am sure your area is a nice area, baller if you will.

That said, there are baller people in Chicago who have gained 3-4 mill on their house in three years. Let’s keep apples to apples.


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PostPosted: Sun Jan 31, 2021 10:08 am 
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One Post wrote:
Ogie Oglethorpe wrote:
good dolphin wrote:
somehow a few people found a way to make money on real estate in such difficult market

https://www.chicagobusiness.com/crains- ... rd-profits

So I listened to the podcast and here are some nuggets.

People are selling their home for $47k more than they paid on average (but that isn't accounting for upgrades and money people put into their home outside of their initial purchase). They point out that for much of the last decade Chicago home owners were losing money when they sold due to the slower recovery.

Also, that $47k number isn't that great. People in my neighborhood net more than that selling a home 2-3 years after initial purchase and that's with likely lower initial purchase prices than what you would find in the Chicago area. I went under contract on my home in early 2018. If I was to sell it today, 3 years alter, getting only $47k above what I paid for it means I need to fire my realtor given what's happening in my housing market. My market is unique so let's look at the rest of the country.

The same year a Chicago seller could expect $47k profit, the national average was $75k. Chicago's market is one that is below average in just about every metric.

https://www.prnewswire.com/news-release ... ion%20high.



Quote:
ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Sales Report, which shows that home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,500 in the first quarter of 2020 and from $65,250 in the second quarter of last year. The latest figure, based on median purchase and resale prices, marked yet another peak level of raw profits in the United States since the housing market began recovering from the Great Recession in 2012.

The typical $75,971 home-sale profit represented a 36.3 percent return on investment compared to the original purchase price, up from 34.5 percent in the first quarter of 2020 and from 33.7 percent a year ago, to another post-Recession high.


Uh, so you are taking the average gain in Chicago and comparing it to your “baller” ozarkaplex hood?

You see the fallacy here? I am sure you have had nice appreciation in your property in the past three years, and I am sure your area is a nice area, baller if you will.

That said, there are baller people in Chicago who have gained 3-4 mill on their house in three years. Let’s keep apples to apples.

I'm comparing Chicago to the nationwide average for the same exact metric. Try reading again before making a complete and total ass of yourself.

Chicago average profit on home sale: $47k
US average profit on home sale: $75k

Glad I could clear that up for you, dumbass.

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PostPosted: Sun Jan 31, 2021 11:49 am 
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Only thing that will turn it around is for people to vote with thier brain and not just keep voting the same assholes in ever year. then do a term limit
Then ask the feds to come in and do an audit of the finances

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PostPosted: Sun Jan 31, 2021 1:43 pm 
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The Illinois Republican Party is not sending its best. Do you think the remedy for our problems is replacing Jan Schakowsky with the woman who thinks autism is a punishment for homosexuality? Maybe the key is in Jim Oberweis, electoral politics's answer to Barry Horowitz.

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PostPosted: Sun Jan 31, 2021 1:46 pm 
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a retard wrote:
Cook county property tax bill arrived today for our arlington heights double-wide.
We have been in the house 31 years.
When we bought, the tax bill was $1,040.
Per inflation calculator our tax bill should now be $2,170.
2019 property tax $8,000.



:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

nice!

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PostPosted: Sun Jan 31, 2021 1:48 pm 
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Ogie Oglethorpe wrote:
I'm comparing Chicago to the nationwide average for the same exact metric. Try reading again before making a complete and total ass of yourself.

Chicago average profit on home sale: $47k
US average profit on home sale: $75k

Glad I could clear that up for you, dumbass.



:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

nice! :lol:

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PostPosted: Sun Jan 31, 2021 5:04 pm 
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Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.


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PostPosted: Sun Jan 31, 2021 9:08 pm 
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Part of the problem right now is the pandemic has impacted the three industries that Chicago is most dependent on. The restaurant industry was one of the top three in the country and now its all but dead. The city heavily depended on tourism, but no one is traveling. Chicago was finally becoming the tech hub that Daley and Emanuel had hoped for when they threw a bunch of tax breaks at Google, Walgreens, etc. Now most people in the tech industry are working remote with downtown offices closed for fear of revenue loss when employees are sick, or lawsuits from employees. Its going to be interesting to see how Chicago adapts over the next 5 years, depending on how many more waves of Covid are ahead of us. Personally, if my kid ends up going to college out of state and its warm, I'm getting the fuck out of this city without hesitation, even though I absolutely love it and have lived here all my life.

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PostPosted: Sun Jan 31, 2021 10:06 pm 
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cookie23 wrote:
Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.

Have you been to Nashville, Houston, Austin, Charlotte and other Sunbelt areas attracting populations? At the moment it's short term first mover advantage. They severely lack the infrastructure to support the growth. They're sprawling into becoming cookie cutter soulless hellholes.


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PostPosted: Sun Jan 31, 2021 10:12 pm 
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Ogie Oglethorpe wrote:
Young people did move to Chicago after college. I'm entering my mid 30s and probably half of my college friends moved to Chicago after graduating 10-12 years ago. I think only a couple of them are still there. They moved to the suburbs or left the state entirely once they met their significant other and started thinking about a family.

Your friends moved because they're too poor to afford the lifestyle they want in Chicago. Nothing wrong with it. Happens to most of us.


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PostPosted: Sun Jan 31, 2021 10:18 pm 
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stats wrote:
Have you been to Nashville, Houston, Austin, Charlotte and other Sunbelt areas attracting populations? At the moment it's short term first mover advantage. They severely lack the infrastructure to support the growth. They're sprawling into becoming cookie cutter soulless hellholes.

I've heard from people who moved to Nashville that the roads are hell on earth. And forget Chicago, you want to talk about a city that will struggle to recover from a loss of tourism, hospitality, and cubicle-farm jobs?

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PostPosted: Sun Jan 31, 2021 10:28 pm 
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Curious Hair wrote:
stats wrote:
Have you been to Nashville, Houston, Austin, Charlotte and other Sunbelt areas attracting populations? At the moment it's short term first mover advantage. They severely lack the infrastructure to support the growth. They're sprawling into becoming cookie cutter soulless hellholes.

I've heard from people who moved to Nashville that the roads are hell on earth. And forget Chicago, you want to talk about a city that will struggle to recover from a loss of tourism, hospitality, and cubicle-farm jobs?

Many of these posters are hardcore suburbanites and/or one time city dwellers who abhor mass public transit. Nashville is perfect for them as their idea of mass public transit is pedal pubs.


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PostPosted: Sun Jan 31, 2021 11:16 pm 
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cookie23 wrote:
Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.

Good story. Hard to argue with that kind of sourcing.

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PostPosted: Mon Feb 01, 2021 12:04 am 
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Ogie Oglethorpe wrote:
One Post wrote:
Ogie Oglethorpe wrote:
good dolphin wrote:
somehow a few people found a way to make money on real estate in such difficult market

https://www.chicagobusiness.com/crains- ... rd-profits

So I listened to the podcast and here are some nuggets.

People are selling their home for $47k more than they paid on average (but that isn't accounting for upgrades and money people put into their home outside of their initial purchase). They point out that for much of the last decade Chicago home owners were losing money when they sold due to the slower recovery.

Also, that $47k number isn't that great. People in my neighborhood net more than that selling a home 2-3 years after initial purchase and that's with likely lower initial purchase prices than what you would find in the Chicago area. I went under contract on my home in early 2018. If I was to sell it today, 3 years alter, getting only $47k above what I paid for it means I need to fire my realtor given what's happening in my housing market. My market is unique so let's look at the rest of the country.

The same year a Chicago seller could expect $47k profit, the national average was $75k. Chicago's market is one that is below average in just about every metric.

https://www.prnewswire.com/news-release ... ion%20high.



Quote:
ATTOM Data Solutions, curator of the nation's premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second-quarter 2020 U.S. Home Sales Report, which shows that home sellers nationwide realized a gain of $75,971 on the typical sale, up from the $66,500 in the first quarter of 2020 and from $65,250 in the second quarter of last year. The latest figure, based on median purchase and resale prices, marked yet another peak level of raw profits in the United States since the housing market began recovering from the Great Recession in 2012.

The typical $75,971 home-sale profit represented a 36.3 percent return on investment compared to the original purchase price, up from 34.5 percent in the first quarter of 2020 and from 33.7 percent a year ago, to another post-Recession high.


Uh, so you are taking the average gain in Chicago and comparing it to your “baller” ozarkaplex hood?

You see the fallacy here? I am sure you have had nice appreciation in your property in the past three years, and I am sure your area is a nice area, baller if you will.

That said, there are baller people in Chicago who have gained 3-4 mill on their house in three years. Let’s keep apples to apples.

I'm comparing Chicago to the nationwide average for the same exact metric. Try reading again before making a complete and total ass of yourself.

Chicago average profit on home sale: $47k
US average profit on home sale: $75k


The market here in AZ is ridiculous. A realtor friend the other day told me he put a bid on a home in Tempe that had 21 offers. Homes are being listed for $100,000+ than what they were purchased for a year or two ago. And they're selling well above list. Some sight unseen (people from California, Northwest, Chicago, etc.)


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PostPosted: Mon Feb 01, 2021 12:15 am 
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Nashville's almost a one industry town and that industry isn't country music or religion (as it was back in the day, as recently as the 80's) but health care (esp health care technology). Approx 1 in 4 jobs in the greater Nashville area = health care industry related. Nashville's footprint on the health care industry landscape in absolute terms is 3x's the size of any other city in the country. Tourism/hospitality is still a larger slice of the Nashville economic pie than Chicago's, 12% for Nashville vs 9% for Chicago.

The predominance / impact of heath care industry in TN's capital city might account for Tennessee being behind the curve on loosening restrictions on dope-smoking:

Image


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PostPosted: Mon Feb 01, 2021 1:54 pm 
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That pretty well explains Nashville Predators fans, all white-collar workers who moved there from someplace else and live in exurbia.

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PostPosted: Mon Feb 01, 2021 4:36 pm 
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Zippy-The-Pinhead wrote:
cookie23 wrote:
Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.

Good story. Hard to argue with that kind of sourcing.




Tell me last time you have heard someone said. "I am going to Chicago!" who is not from Iowa, downstate or Indiana? I will hang up and listen.

And forget covid, talking years and decades before covid.

I am a Chicago backer, I think it is one of the best cities in the U.S. But businesses, people, have been going out the door the last 20 years.

I travel a lot(before Covid), all I hear now about Chicago is its cold and "dangerous."


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PostPosted: Mon Feb 01, 2021 4:51 pm 
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cookie23 wrote:
Tell me last time you have heard someone said. "I am going to Chicago!" who is not from Iowa, downstate or Indiana?

Why? You'll just tell me why they don't count.

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PostPosted: Mon Feb 01, 2021 5:07 pm 
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cookie23 wrote:
Zippy-The-Pinhead wrote:
cookie23 wrote:
Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.

Good story. Hard to argue with that kind of sourcing.




Tell me last time you have heard someone said. "I am going to Chicago!" who is not from Iowa, downstate or Indiana? I will hang up and listen.

And forget covid, talking years and decades before covid.

I am a Chicago backer, I think it is one of the best cities in the U.S. But businesses, people, have been going out the door the last 20 years.

I travel a lot(before Covid), all I hear now about Chicago is its cold and "dangerous."


The data simply doesn't support your opinion.

Anecdotally, I work in the city center and saw foreign and domestic visitors seven days a week from May until October. I saw docents leading groups on walking tours. Tourists are constantly taking pictures in front of the Picassos and the Flamingo

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PostPosted: Mon Feb 01, 2021 6:51 pm 
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good dolphin wrote:
Tourists are constantly taking pictures in front of the Picassos and the Flamingo


Fun!


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PostPosted: Mon Feb 01, 2021 7:56 pm 
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cookie23 wrote:
Zippy-The-Pinhead wrote:
cookie23 wrote:
Some good replies. I agree on the poster who said Chicago is better now than in the 80s. No doubt about it.

I grew up in the city in Edgewater in the 80s and Chicago just had an edge that it does not have in the U.S. anymore.

First just look at the the data, people have been moving out in large numbers since 2000.


Also, ever hear anyone from the coast or south say, "I am going to Chicago for a vacation or for the weekend?" I used to back in the 80s, early 90s.

Never hear it anymore. I do hear a lot from friends around the country of visiting NYC, LA, San Fan, Miami. Also lots of people moving to Nashville area and Austin as well.

I know LA is having its problems as well and NYC covid situation in my opinion will be gone in a year.

Most are dem ran cities, why is Chicago so bad at getting people outside the midwest to move to?

For 8 months it is a beautiful city that offers so much.

Good story. Hard to argue with that kind of sourcing.




Tell me last time you have heard someone said. "I am going to Chicago!" who is not from Iowa, downstate or Indiana? I will hang up and listen.

And forget covid, talking years and decades before covid.

I am a Chicago backer, I think it is one of the best cities in the U.S. But businesses, people, have been going out the door the last 20 years.

I travel a lot(before Covid), all I hear now about Chicago is its cold and "dangerous."

If we want to use anecdotal stories I can assure you I travel every bit as much as pretty much anyone on this board and Chicago always elicits a positive response. But if we wish to go with something more data driven then I’ll repost this...

For the third year in a row, Chicago was named the best big city in the U.S. by the readers of Condé Nast Traveler. The popular travel magazine recognized the city as “a world-class destination” with impressive architecture, museums, culinary scene, and “some of the most pleasant people you’ll find anywhere.”

The publication collected votes from a record 600,000 subscribers for this year’s Readers’ Choice Awards. The Second City again held on to the first spot, retaining its best big city crown from 2018 and 2017. In 2016, Chicago was runner-up to New York—which slipped to seventh place in this year’s rankings.

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PostPosted: Mon Feb 01, 2021 8:03 pm 
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knock down all those shitty apartments across the street of soldiers field and make it a tailgate parking lot with a ski hill and bring the cheer leaders back.

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PostPosted: Mon Feb 01, 2021 8:05 pm 
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I would never dispute that Chicago is a great place to visit. It's living there that fucking sucks.

Then again, it is Chicagoans themselves who are voting with their feet on that matter.

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PostPosted: Tue Feb 02, 2021 1:12 am 
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Fact is the city and state has been losing population since 2000.

My fav are the people from Iowa or Ohio who move here who are convinced because their are tall buildings, its just like New York.

It is nothing like New York or even Philly in terms of urbanity or city feel. The butthurt was best portrayed by the Simpsons when Mr. Burns visited, "While you were here we felt like New York."

Not feeling like East coast cities in my opinion is a good thing, those cities are too damn dense. Its a great midwestern city that should is livable and real estate cheap compared to coasts which again makes me wonder why the population loss.


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PostPosted: Tue Feb 02, 2021 7:04 am 
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Why are you always sucking off Philadelphia? Nobody likes Philadelphia. You're just a wannabe coastie because you listened to Stern.

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PostPosted: Tue Feb 02, 2021 9:48 am 
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Ron Wolfley wrote:
good dolphin wrote:
Tourists are constantly taking pictures in front of the Picassos and the Flamingo


Fun!


I wouldn't expect the guy who values warm weather as the most important consideration in his choice for residence to place value in public art created by world renowned artists.

I hear the Olive Garden in Phoenix is much better than the one in Scottsdale.

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PostPosted: Tue Feb 02, 2021 9:52 am 
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The "No one visits Chicago" argument is incredibly strange. You think all those hotels in Chicago are for locals?

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PostPosted: Tue Feb 02, 2021 9:54 am 
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Ogie Oglethorpe wrote:
I would never dispute that Chicago is a great place to visit. It's living there that fucking sucks.

Then again, it is Chicagoans themselves who are voting with their feet on that matter.


I don't mind having this conversation with you and you usually bring up valid points.

It gets me going a bit when the exurbanites whose greatest travel adventure is never leaving the grounds of the Sandals resort on a vacation to Mexico or DR pipe in with their educated opinions about the thoughts of travelers around the world.

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PostPosted: Tue Feb 02, 2021 12:29 pm 
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good dolphin wrote:
Ogie Oglethorpe wrote:
I would never dispute that Chicago is a great place to visit. It's living there that fucking sucks.

Then again, it is Chicagoans themselves who are voting with their feet on that matter.


I don't mind having this conversation with you and you usually bring up valid points.

It gets me going a bit when the exurbanites whose greatest travel adventure is never leaving the grounds of the Sandals resort on a vacation to Mexico or DR pipe in with their educated opinions about the thoughts of travelers around the world.

Anyone who claims Chicago was "cooler" in the 70's either wasn't alive then or has a very skewed perspective on what the term means.

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