Investors are buying up residential properties in South Shore

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CBS Chicago

CBS Chicago

Күн бұрын

Пікірлер: 391
@waldenharvey1278
@waldenharvey1278 Ай бұрын
Tired of them propping up the property bubbles. Make housing affordable again. It's not a crisis to have too much supply to allow people to buy them cheaper. I'll buy something there if the price is right. Tired of these ridiculous $400K+ prices for houses.
@tammystut
@tammystut Ай бұрын
The real problem is our gov't allowing this to happen to begin with. We can't blame the innovating businessman.
@richarddamien4654
@richarddamien4654 Ай бұрын
I wish houses were $400k+ around here. Try $1.2m!
@patrickjones1392
@patrickjones1392 Ай бұрын
it's just reasonable to explore other finance sectors and diversify your portfolio with the guidance of a financial advisor. This strategy has significantly boosted my own portfolio by 80% in the last year alone, now valued at $1.2 million. Consider this: as a savvy investor, you wouldn't prioritize a fairly-valued house with a $100k mortgage over a highly overvalued one with a $700k mortgage, would you? The latter offers far greater lending and interest opportunities. This is why banks often inflate asset values and avoid price discovery in real estate. Meanwhile, governments also benefit from higher property taxes and assessments. Unfortunately, this creates a system where high real estate prices persist, benefiting most parties involved except home buyers. However, it's crucial to recognize that this bubble will eventually burst. Diversification and expert advice can help you navigate this complex landscape and make informed decisions.
@christeng142
@christeng142 Ай бұрын
@@tammystut "innovating businessmen" 😂😂😂
@kingcastro-s1p
@kingcastro-s1p Ай бұрын
​ @patrickjones Good analysis. 👍 Makes sense. Who is your advisor? Can i get a recommendation, i need guide on how i would diversify 550k if i didnt want to buy a house?
@eddiea3782
@eddiea3782 Ай бұрын
So the Mayor raises property taxes so folks can no longer afford to stay in their homes and then coincidentally investors/developers show up to buy up properties in the area? Really?
@jp2362
@jp2362 Ай бұрын
you have to keep voting more you just haven't voted enough.
@brucelee3223
@brucelee3223 Ай бұрын
Join the military not gangs and they will think differently on how they treat you.
@eddiea3782
@eddiea3782 Ай бұрын
@@brucelee3223 Men are too busy putting on dresses and panties now. They are too weak and woke to be of any good in the military.
@boss_g08
@boss_g08 Ай бұрын
Usually the people that moving in help keep up neighborhood!!
@ROCEMPOWERMENT
@ROCEMPOWERMENT Ай бұрын
💯
@allthingshome6953
@allthingshome6953 Ай бұрын
Please don’t sale. South shore is probably the only black community this close to any shore line in the country.
@derricklangford4725
@derricklangford4725 Ай бұрын
​@Smhatyoufoolsgood, South shore is really a jewel, but the people who live there 👎🏾
@DeeNutz-tl8je
@DeeNutz-tl8je Ай бұрын
Immigrants taking over black communities
@jermainec2462
@jermainec2462 Ай бұрын
​@Smhatyoufools... But what caused the crime to go up in the 1st place ?
@maryabara4892
@maryabara4892 Ай бұрын
​@Smhatyoufoolsshut up 🤡
@maryabara4892
@maryabara4892 Ай бұрын
​​@@derricklangford4725how u know 🤔
@summaryjudgment
@summaryjudgment Ай бұрын
Tell them you want 5mill cash. You won't hear from them again.
@GloryCarriers
@GloryCarriers Ай бұрын
@@summaryjudgment I swear
@checardona1151
@checardona1151 Ай бұрын
Mayor took care of hat problem
@NotfromDetroit
@NotfromDetroit Ай бұрын
FACTS!
@heyUthere213
@heyUthere213 Ай бұрын
i promise you they still call, ask me how ik
@landmark22
@landmark22 Ай бұрын
@@summaryjudgment lol I did the same
@techi9
@techi9 Ай бұрын
If you own your home...just ignore the bs offers
@mspattie1008
@mspattie1008 Ай бұрын
I bought my home in the south shore neighborhood 3 years ago and I don't plan on selling. I will be leaving my home to my neices and nephew. I work two jobs and maintain the lawn myself to save money.
@mjohnson4568
@mjohnson4568 Ай бұрын
Good luck and God Bless you and your neice & nephew. ❤
@Treemonieee
@Treemonieee Ай бұрын
That’s right.. hold on to your property. Generational wealth❤
@wasappeningvato
@wasappeningvato Ай бұрын
Im sick of these money grabbing investors
@sheresesmith9169
@sheresesmith9169 Ай бұрын
Why the investors don't just buy all the vacant land instead of targeting seniors and people who already reside there this is inhumane and should be illegal.
@JohnSmith-xu7ev
@JohnSmith-xu7ev Ай бұрын
The judge in cook county is corrupt and letting this happen with foreclosures to investors
@PocketKS
@PocketKS Ай бұрын
1. its too expensive to build at the moment 2. Zoning laws arent allowing builders to build 3. Permits sometimes take 6mo+ for the city to even decide if they would let them build .
@JohnSmith-xu7ev
@JohnSmith-xu7ev Ай бұрын
@@PocketKS Its cheaper to steal property from poor people
@d8bn
@d8bn Ай бұрын
Investors don't care about people. They're only trying to make money.
@enhancedutility266
@enhancedutility266 Ай бұрын
Because these can be turned into turnkey properties or it could be torn down immediately since it's already zoned to habitate in if they decide to build a new structure
@marcusfuller6657
@marcusfuller6657 Ай бұрын
Get the current mayor out of the chair. These investors need to leave these working class people alone and let them live
@monamartin9915
@monamartin9915 Ай бұрын
Gorgeous 83 year old Arlene.❤🎉
@Chicago48
@Chicago48 Ай бұрын
Owners have to leave their property to their children in a trust. Make sure its a tight RE trust. Black folk don't know how to do that, but the should be schooled.
@jermainec2462
@jermainec2462 Ай бұрын
That's too much like right though
@lisagee1810
@lisagee1810 Ай бұрын
THIS!!
@jlv3x
@jlv3x Ай бұрын
In a lot of instances once the owner passes away the children are the ones selling the property.
@bayyinahzhaxx7620
@bayyinahzhaxx7620 Ай бұрын
​@@jlv3xSometimes that is true.
@english7451
@english7451 Ай бұрын
Many children don’t want the homes when the relatives die. It happens in many black areas the inherited children don’t want the home. Then it goes into disrepair or foreclosure or fire sale. Not just south shore.
@capt_howdy
@capt_howdy Ай бұрын
The Tony Soprano infinite money glitch! Investors buy run down houses in bad areas to get government grants/loans/credit to rehab them. They never end up rehabbing them because "the area is too dangerous and things didn't work out," and the investors get away with lots of money and just flip it to someone else down the line and the cycle continues.
@TheFloetic24
@TheFloetic24 Ай бұрын
I was trying to buy a house for the longest. Any fixer upper I was losing in bidding wars. It wasnt just south shore either. These investors taking over the whole Southside.
@Freeworld1991
@Freeworld1991 Ай бұрын
The Obama Presidential Center. Real estate investors have been slowly closing in on low income and middle class neighborhoods. They raised the minimum wage in the city to $16 an hour! Which means everything will increase. In my opinion, Chicago politicians are pushing for Chicago to be the majority upper class city. It's happening slowly. The South shore area will strictly be for the rich and well off in the future.
@moneyman24258
@moneyman24258 Ай бұрын
Facts I see it
@Levar_Haffoney
@Levar_Haffoney Ай бұрын
The same thing happened in NYC and D.C.
@giveme10feet
@giveme10feet Ай бұрын
But it is lake front property and should be pricey according to national norms.
@justdiane5
@justdiane5 Ай бұрын
Same thing in Bronzeville
@jlv3x
@jlv3x Ай бұрын
With all that lakefront property it's not surprising. That's where I was looking a couple of years ago, but I didn't want to get into a big rehab project and found something a little more spacious.
@tl1533
@tl1533 Ай бұрын
DOn't allow the big corporation investors to buy the communities. They need to ban the outside investors to buy & gentrify the neighborhood.
@muttsnuts5849
@muttsnuts5849 Ай бұрын
@@tl1533 foreign investors...JB Pritzker friends
@ronellhaney271
@ronellhaney271 Ай бұрын
I think it's too late. There are so many vacancies, signs of neglect, and people who are all to willing to let "their" properties go in South Shore. It's probably been planned for the past 15 years. Seems that way to me.
@brandon7913
@brandon7913 Ай бұрын
$105k for a condo right across from the lake front was a steal.
@davidsuch8942
@davidsuch8942 Ай бұрын
😂 no. That's a poor area.
@bigbootybryana
@bigbootybryana Ай бұрын
​@@davidsuch8942very bad
@derricklangford4725
@derricklangford4725 Ай бұрын
My best friend sold a two bedroom condo in South Shore and it literally set up on the lake, it was only protected by these giant rock bolder things. He sold it for $38,000 back in 2019.
@biztechmentor
@biztechmentor Ай бұрын
That HOA is probably +$1,000 per month.
@giveme10feet
@giveme10feet Ай бұрын
@@derricklangford4725 wow😲!
@yvettemoyo5954
@yvettemoyo5954 Ай бұрын
We are aware. We’re united in the fact that we must do all we can to stay. Thank you Dorothy. We appreciated you coming to the community home owners meeting at The Quarry.
@lindaestrada7047
@lindaestrada7047 Ай бұрын
Investors buy from low income people put money in and sell high. The problem is the low income can’t buy another home for what they sell for it’s moving people out good neighborhood to bad neighborhoods. So either keep home ate sell for very high and know how much it is to buy another home before you sell.
@user-st6nt4ou6f
@user-st6nt4ou6f Ай бұрын
Great advice.
@TarumpSadiki
@TarumpSadiki Ай бұрын
They’re using the poor people to build cities that are empty and once everything is done they face consequences instead of rewards
@TheChicagoJunkie
@TheChicagoJunkie Ай бұрын
Im white and worked at 79th/Colfax for a bit, once when I was walking to lunch at McDs a lady rolled up and said, "Damn, they moving back in already??" 😂😂 Meaning it was a relatively short period of time south shore turned from white to black then is appearing to begin to gentrify again.
@bball4life1219
@bball4life1219 Ай бұрын
@@TheChicagoJunkie I can definitely see this happening lol
@Lemon8195
@Lemon8195 Ай бұрын
It should be illegal to own houses for investment.
@wat6592
@wat6592 Ай бұрын
it shouldn't
@ninaturn4471
@ninaturn4471 Ай бұрын
It definitely should. You shouldn't be able to own no more than 3.
@jasonzhu9742
@jasonzhu9742 Ай бұрын
@@ninaturn4471 Bro wth? Who in their right mind needs 3 houses when you're just going live in 1 and let the other 2 sit vacant. It's a waste... Property taxes should increase for those who own more than 1 property so it gives them less incentive to buy up more properties and create a real estate monopoly
@UppityOne
@UppityOne Ай бұрын
@@Lemon8195 60 Minutes did a story about this a couple of years ago. Investors cannot buy houses in Canada but the U.S. allows this. This is why the price of a house in America has skyrocketed.
@rernardgrant9770
@rernardgrant9770 Ай бұрын
Investors are after that neighborhood because it is prime land. Homes and apartments are being sought after, sooner or later the area become another Lincoln Park/Lakeview district.
@english7451
@english7451 Ай бұрын
Later much later you can count on it.
@user-xd7oi4lv5v
@user-xd7oi4lv5v Ай бұрын
You sell and can't find another for that
@kellyc8995
@kellyc8995 Ай бұрын
She looks fantastic for 83 and good for her for standing her ground. I hope more people can recognize the importance of preserving their community ❤
@sojournertruth2825
@sojournertruth2825 Ай бұрын
I read about this in the Chicago tribune in the early 2000s that South Shore was going to be the new Lake Shore dr.
@english7451
@english7451 Ай бұрын
Didn’t happen
@RED7727Hot
@RED7727Hot Ай бұрын
Yep.
@frankieyoung3830
@frankieyoung3830 Ай бұрын
This is the beginning of the 15 min. City. Be careful of what you wish for.
@lynwill9946
@lynwill9946 Ай бұрын
The properties in south shore are exceptional. The size of the rooms. The proximity to the lake.
@customcalendars4u2
@customcalendars4u2 Ай бұрын
Same soup warmed over.... The Northside and Chicago downtown areas are overdeveloped and crowded now they see the value in South shores lakefront because the city has always ignored it, the condo where the gentleman sold his unit for rock-bottom price is for a reason, sure the water is nice to look at peering through the highest floor windows but when you can NEVER enjoy a simple walk along shore across the street because of pollution and no upkeep from city services it hits differently. Now there's a takeover to the highest bidders to glamorize the south shore line which has miles and miles of vacant flatland never developed and the poor/middle class will be forced out of the surrounding areas once again.
@MrJaiboi90
@MrJaiboi90 Ай бұрын
I live in this neighborhood. Love my neighborhood. Yall the Latinos are taking the apartments. And investors are taking the homes. Not gone lie
@english7451
@english7451 Ай бұрын
Right Latinos getting priced out of Pilsen. When they move in the gentrification will accelerate.
@ronellhaney271
@ronellhaney271 Ай бұрын
10000000000000000000000!
@DakotaFord592
@DakotaFord592 Ай бұрын
This should be illegal!!!!!!
@Michellemybell739
@Michellemybell739 Ай бұрын
Well it’s not. People have to just stand their ground and they don’t have to sell if they don’t want to. I’m an investor here in Georgia and I wouldn’t dare pressure anyone to sell but if I see a house I’m interested in I will ask-that’s my right but you ain’t got to tell me no but one time! Homeowners keep your home if you love it, you don’t have to sell to investors. Now eminent domain is a whole nother story cause if the government wants your house for any of their projects? They will get it and force homeowners out.
@user-st6nt4ou6f
@user-st6nt4ou6f Ай бұрын
Look out ! Bad news! Dont sell. Theres something planned. Go to the Dept of Planning and check. Advise yr neighbors. Somebody on dome game. The neighborhood has a history - Lakefront ortime land, some left decades ago, and now want it back. Beware💀💀
@Shaun-p6g
@Shaun-p6g Ай бұрын
South Shore has always been a crown jewel and I've always heard stories about how " they" want South Shore back . My uncle bought a home from a white family in the early 70s and it was the fanciest home on the block .
@maestoso47
@maestoso47 Ай бұрын
Thanks for reporting on these issues.
@reactionreaper2501
@reactionreaper2501 Ай бұрын
Why can't they build new homes instead of raising the current home prices.
@PocketKS
@PocketKS Ай бұрын
1. its too expensive 2. Zoning laws arent allowing builders to build 3. Permits sometimes take 6mo+ for the city to even decide if they would let them build .
@reactionreaper2501
@reactionreaper2501 Ай бұрын
@PocketKS that's the best excuse they have. Why pay 200% more for an older house.
@PocketKS
@PocketKS Ай бұрын
@@reactionreaper2501it costs $250 per SQFT to build a new house minimum with the most basic finishes at the moment. Excluding land cost
@muvfast
@muvfast Ай бұрын
Once the alderman and crooks get the money put in their hand all that bureaucracy will fly out the window. They can, however, they really want us gone baby gone!!!
@reactionreaper2501
@reactionreaper2501 Ай бұрын
@PocketKS no, it's $150. And it won't cost that much when you're building in volume.
@samlewis6615
@samlewis6615 Ай бұрын
They're doing the same in historic Pullman.
@swannoir7949
@swannoir7949 Ай бұрын
Wow.
@tiffany103
@tiffany103 Ай бұрын
The mayor knows. Didn't he go to France or Paris saying he was looking for investors to bring in buisness on the Southside...it's not for the better of black communities.
@ronellhaney271
@ronellhaney271 Ай бұрын
😯😯😯😧😦
@christophermuckle1920
@christophermuckle1920 Ай бұрын
It’s a matter of selling to the individual buyer and not the investor, even if it means taking less money. You can’t sell to an investor and then complain that investors are taking over.
@moneyman24258
@moneyman24258 Ай бұрын
Barber shop movie warned yall about south shore
@ronellhaney271
@ronellhaney271 Ай бұрын
A long time ago..........
@user-st6nt4ou6f
@user-st6nt4ou6f Ай бұрын
I meant prime land. Choice land. Many who fled to the suburbs but now want back in the area.
@tiffany103
@tiffany103 Ай бұрын
And want us to go to the suburbs
@ronellhaney271
@ronellhaney271 Ай бұрын
@@tiffany103 Exactly....It's called "Black Flight" now, I heard.
@TheloniousJackson
@TheloniousJackson Ай бұрын
The area is being gentrified. These residents will be forced out!
@bobroberts2371
@bobroberts2371 Ай бұрын
Why are they not blaming the Obama center for causing this gentrification?
@jp2362
@jp2362 Ай бұрын
don't boooohhhh vote more.
@OperationChicago
@OperationChicago Ай бұрын
Because Obama is there biggest puppet and he is God :(
@chrissypoo69
@chrissypoo69 Ай бұрын
Because Obama is black. How could he possibly do wrong
@deed8442
@deed8442 Ай бұрын
@@jp2362 😂😂
@deed8442
@deed8442 Ай бұрын
Yes and why isn't he doing anything I haven't heard him nor Michelle speak up about this.
@bennettayoung6357
@bennettayoung6357 Ай бұрын
I get those all the time. I just throw them away.
@gimcrack555
@gimcrack555 Ай бұрын
The same, my place is paid off. I like it here and my bills are super low. No reason to move. I'm here until death.
@8House
@8House Ай бұрын
I live in a 80% white neighborhood in another state and we get constant offers in the mail and by text to sell our home.
@english7451
@english7451 Ай бұрын
This is not uncommon. I still get calls to sell my home in Texas that I sold almost 10 years ago in a gentrified area.
@turboredcart
@turboredcart Ай бұрын
I do too. The city is 90% white. I just ignore the so called offers.
@JayZ-to6up
@JayZ-to6up Ай бұрын
Investors should be banned from purchasing residential properties. They are the one's causing high home prices and high rent's. They want to invest in real estate, then they should look at commercial real estate not residential real estate.
@Cherish33
@Cherish33 Ай бұрын
South shore along the Lake front prime real estate,Obama Library prices go up.OUT price poor people
@GiveHimGlory
@GiveHimGlory Ай бұрын
Exactly which is I voted against the library in that area. Years ago when Ron Emanuel was mayor he tried to sell the Hyde park school to investors.
@ronellhaney271
@ronellhaney271 Ай бұрын
@@GiveHimGlory 😮😮😮🙁😯
@audra2trane
@audra2trane Ай бұрын
Isn't it funny how initially the great migration was to come North for a better opportunity to raise a family, and escape Jim Crow. To now everyone is migrating South only to be back where they started because there is no insurance coverage for floods, tornadoes, or hurricanes. Make it make sense.. From Black Wall Street to hanging on the street. From having dignity and pride, to "Being Outside." Lord, help your ppl.😔
@crystalbrame7886
@crystalbrame7886 Ай бұрын
NOT EVERYBODY !!! 👎🏾👎🏾
@audra2trane
@audra2trane Ай бұрын
@crystalbrame7886 Keep living🙏
@chicago-l9125
@chicago-l9125 Ай бұрын
Dear, if at all possible, PLEASE STAND YOUR GROUND! I have absolutely no love for most investors........PERIOD!
@PocketKS
@PocketKS Ай бұрын
investors are the ones that transform neighborhoods though?
@JayZ-to6up
@JayZ-to6up Ай бұрын
​​@@PocketKS Yeah they transform it to overpriced and unaffordable.
@PocketKS
@PocketKS Ай бұрын
@@JayZ-to6up thats because building has gotten so expensive & it would be unaffordable to build affordable housing….
@JayZ-to6up
@JayZ-to6up Ай бұрын
@@PocketKS So what? So these investor bas turds are just supposed to be able to buy up all the existing homes jacking up prices and rents and pushing people out of homes into renters or homeless?
@chicago-l9125
@chicago-l9125 Ай бұрын
@@PocketKS Apparently you don't understand what it's like to be priced out of the market and into homelessness. While it is true that building has gotten more expensive, I'm not buying your argument that it's unaffordable to build affordable housing. That's the kind of reasoning that's found in the minds of realty institutions, investors and landlords who simply want to gouge people for everything they can get out of them. Now, don't get me wrong. I'm not saying that all realtors, investors and landlords fit the description I just mentioned. But many of them do. And sad to say, this country's political system not only fosters such abuse, but it supports it. At 68 years of age, I've seen it TOO many times. And what's going on in South Shore is no different.
@debraaustin2683
@debraaustin2683 Ай бұрын
I'm sick and tired of these peoples lives being treated as monopolies
@Rickys_working
@Rickys_working Ай бұрын
I’m so sick of the greed !!!! Disgusting
@cdavis25232
@cdavis25232 Ай бұрын
Investors create multiple LLC's ,hire multiple property management companies to hide their real estate portfolios and then the jack up lease rates well above local incomes!!!!! 😳😳😳😳😳
@danielrandolph9170
@danielrandolph9170 Ай бұрын
Investors putting their money in the right position pockets & properly taxes gose up & people having to sell to these criminals Investors wow how come people aren't standing up & fight this issue ?
@pwu8194
@pwu8194 Ай бұрын
The best way to protect homeowners from investors is to have high property tax and high homestead exemption. If you have a property tax of 6-8% a year and homestead exemption of $300000, investors will avoid it.
@user-st6nt4ou6f
@user-st6nt4ou6f Ай бұрын
Its hapoenung all iver the country. Moneyed interets buying up whole neighborhoods . Not just in neighborhoods with majority minority populations. Venture capitalism. Private equity, any name will do. Pay attention
@ricardosoto5512
@ricardosoto5512 Ай бұрын
Same as in Florida.... Buy the property and leave vacant to increase the demand and raise prices ..... To squeeze out the lower income and create a higher income market ....
@Bob-p2q9q
@Bob-p2q9q Ай бұрын
96 wounded, 28 dead,as of Oct 31 That just south shore
@motivationperseverance3077
@motivationperseverance3077 Ай бұрын
Beirut on the lake 😂. Mayor Daley when he was running for mayor . He had that ad on TV years ago it was so funny 🤣. He was showing downtown Chicago the skyscrapers . Vote for me . We need to fix Beirut on the lake 😂. That was a long long long long long long time ago . Crime was really bad back then before cell phones were invented.
@ronellhaney271
@ronellhaney271 Ай бұрын
😪😪😪
@jaysan2147
@jaysan2147 Ай бұрын
Why do people have to always blame others? It's simple, dont sell, keep up the neighborhood and make it safe for everyone.
@english7451
@english7451 Ай бұрын
Distressed property sales not new builds or in good repair.
@gordonallen9095
@gordonallen9095 23 күн бұрын
South Shore real estate and it's location is one of the best kept secrets in the city of Chicago. And because much of the property is owned by African Americans, developers believe they can buy low, and sell high in the near future.
@english7451
@english7451 Ай бұрын
Have you driven down south shore drive since the late nineties when the former project residents were dumped mostly in SS. It looks like a dump and like the worse part of the west side. It will take another 20 years to return to past prosperity after white flight. It’s not overnight.
@myfriendscallmelee
@myfriendscallmelee Ай бұрын
Facts. No one should invest in 6700 S. South Shore Drive. It’s a dump, needs major repairs and currently 2 lawsuits.
@Scapone2001
@Scapone2001 Ай бұрын
It is not worth it at all. The crime is too high
@english7451
@english7451 Ай бұрын
I was at a School in SS there was a lockdown at lunch because a young man shot and killed a senior at noon in front of the school! That’s crime.
@Treemonieee
@Treemonieee Ай бұрын
The investors see the potential!
@mr.positive7510
@mr.positive7510 Ай бұрын
I feel so sad for them. That area is getting gentrified.
@lynnski-ex3zk
@lynnski-ex3zk Ай бұрын
Im in the south. Our town wanted a community "town square" for celebrations & holiday events. We got a corporate main street and about 400 luxury apartments surrounding it, adding to an already overwhelming traffic problem. Towns people opposed this at every town meeting, but the board always approved the motions for this abomination. All they added was more tax money into their corrupt coffers.
@zeke5491
@zeke5491 Ай бұрын
Investors have driven up home prices nationwide. They have created their own monopoly
@bryanbohlken7653
@bryanbohlken7653 Ай бұрын
This is called capitalism, don't like it? Move to Cuba where everyone get the same house.
@ronellhaney271
@ronellhaney271 Ай бұрын
Sh*t, they might not have their homes any more in Cuba. I heard they experienced an earthquake that did a little damage, as well as some "Blackouts" that they have been experiencing over the past month or so.
@user-qx1gj4uk2o
@user-qx1gj4uk2o Ай бұрын
"outside" investors, it's the american way. free economy. you sell if you want to. no one is forcing you
@JohnSmith-xu7ev
@JohnSmith-xu7ev Ай бұрын
Property taxes are forcing you to
@JayZ-to6up
@JayZ-to6up Ай бұрын
F that homie. Single family residential real estate is for the people, not investors, Wall st, corporations, Airbnb or other investors. They want to invest, there's commercial property they could do that with, Apartment buildings, hotels/motels, office buildings etc. single-family residential real estate is for people to live in not Business purposes.
@oldstocks
@oldstocks Ай бұрын
Only 3 per month soliciting sales? I get 3 a week.
@nancym6089
@nancym6089 Ай бұрын
And he wears an Obama T-shirt. Obama won’t come back to help his ex-neighborhood
@thetotalpackage2005
@thetotalpackage2005 Ай бұрын
@nancym6089 he never lived in south shore...lying is like breathing
@g3user1usa
@g3user1usa Ай бұрын
It's the usual wealthy investor's land grab from the poorer classes. The wealthy investors are going to buy up property in Chicago to likely sell to displaced Floridians who seem to enjoy waterfront property. I don't know how much is being offered for the properties but where are these people supposed to go. Is there more affordable housing elsewhere? Wealthy investors are like vultures always looking to make huge profits off people merely trying to survive. I hope those people in Chicago don't sell to anyone and they stay where they are. Wealthy investors don't plan to live there in Chicago. They're only interested in flipping properties to make money. The wealthy investors must have done research and found there was a recent high demand for property in Chicago or maybe anywhere else less prone to extreme weather conditions.
@jliriano8543
@jliriano8543 Ай бұрын
This is the same story all over the world. 😢
@nancym6089
@nancym6089 Ай бұрын
This is unfortunate!
@user-st6nt4ou6f
@user-st6nt4ou6f Ай бұрын
It bodes ill
@UncleDavesKitchen
@UncleDavesKitchen Ай бұрын
I'm in Phoenix, Az. and get text and calls to buy my house every single day. Somedays a couple a day, plus the mailers. The phone calls all have Asian accents.
@andromedaspark2241
@andromedaspark2241 Ай бұрын
Those are scams.
@VetMentorsllc
@VetMentorsllc Ай бұрын
We’re just having this conversation yesterday yesterday
@greenbyrd3665
@greenbyrd3665 Ай бұрын
Happening all across the country, leaving very little opportunity for first time home buyers. Very sad.
@illwillbo
@illwillbo Ай бұрын
Owners need to set up their kids to be able to afford and repair these homes. So they aren’t forced to sell
@Cdone-lw6pg
@Cdone-lw6pg Ай бұрын
Black rock buying out the American dream
@ethancook5705
@ethancook5705 Ай бұрын
Larry Fink is evil
@TrakSpock1
@TrakSpock1 Ай бұрын
My guess is they are being purchased by an LLC from China, which are buying up properties all over the United States, especially apartments and condominiums. You'll never know, though, because laws in the United States allow foreign investors and being an LLC, the owners information isn't disclosed. It'll be registered out of state and property taxes mailed to a vacant lot in Colorado or Fort Wayne, Indiana. Canada has laws against foreign investors, the United States does not. People forget that Mayor Daley sold an ENTIRE city block in downtown Chicago to China. Part of that deal was that it didn't fall under Illinois law and was essentially a free standing "country" within Chicago city limits. And I'm not referring to Chinatown either. The Sun-Times did a huge story on it at the time but good luck finding the article these days.
@davidrice6724
@davidrice6724 Ай бұрын
For those already planning/wanting to move to the South....could work out well...
@sbss924
@sbss924 Ай бұрын
Investors, meaning rental property corporations that are making billions across the USA. It's pure evil what is happening.
@tiffany103
@tiffany103 Ай бұрын
The building I'm in is really messed up can't get mail purposely to miss court dates because I refused to pay the rent because the building was in such bad condition they wouldn't fix anything. So they made it seem like I didn't make it to court even though they can find me to serve papers. But found out my mail has been held at the post office since july2024 and it's November now. They continued to take partial payment (stole my money) even though I had the court date months before. But I didn't know what to do so now I'm moving to Texas. They planned this purposely
@deed8442
@deed8442 Ай бұрын
Best of luck to you it seems like everyone I know is moving to Texas.
@english7451
@english7451 Ай бұрын
Mail carriers getting held up at gunpoint in certain areas. It’s your job to track down the mail if you know it’s gone missing or lost. I know. It’s actually your job when this happens.
@english7451
@english7451 Ай бұрын
@@deed8442good luck it’s hot and really expensive. Only gas is cheaper there. The utility bills and the taxes will drive you broke if you buy and the rent only cheap in bad areas. And there are a lot of high crime areas there don’t kid yourself. I was there for 22 years and a homeowner I know.
@CJinMono
@CJinMono Ай бұрын
Such a referendum should have been proposed back in the 80's and 90's when University of Chicago was buying a bunch of properties in Hyde Park. Displacement is not a new issue, so unfortunately I don't have much hope for this current effort.
@JohnSmith-xu7ev
@JohnSmith-xu7ev Ай бұрын
Same with Daley kicking everyone out too
@thesolutionsafety
@thesolutionsafety Ай бұрын
They don’t tell you about the taxes you have to pay on that lump some of money
@vids5374
@vids5374 Ай бұрын
I believe every American citizen should be forced to take two classes. A class on policing and a class on economics. It's simple economics. Is simply the economy . 🎉
@annmarie1689
@annmarie1689 Ай бұрын
Pass rental laws if you own a home your rent for profit the taxes are doubled. IRS needs to also collect $ from landlords.
@C.P101
@C.P101 27 күн бұрын
Get these people OUT the neighborhoods and send em' somewhere else - why not take the money and all the opportunity it could provide instead of hoard and continue to keep an entire portion of the city DOWN? I just don t understand it
@RosaGonzalez-ld8kz
@RosaGonzalez-ld8kz Ай бұрын
Miami needs this same bill
@UptownSigma
@UptownSigma 10 күн бұрын
Yes in every urban city with convenient transportation a land grab is in place. Hold on to your prop if your have one. Hurry up and buy if you dont have one.
@stevenaguirre9326
@stevenaguirre9326 2 күн бұрын
Starting to get these by south works now
@81johnmac1
@81johnmac1 Ай бұрын
Well if someone buy it it’s belong to them not community
@vegasmitch1472
@vegasmitch1472 Ай бұрын
Shd is Amazing! Never been to Chicago but i've Heard & Seen online that they're Raising Taxes on the usually Poor & Black in order to Force them Out of their Homes!
@broberts1165
@broberts1165 26 күн бұрын
Do not sell to evil. Leave the home owners. No investers. The evil mayor should stop this business putting Americans in the streets
@Kwameking1
@Kwameking1 Ай бұрын
I knew it.Its only a matter of time.I can’t move there because of security issues.So let the investors have it.
@ranraney820
@ranraney820 Ай бұрын
Why so many Venezuelan arrivals in South Shore? Is this by design? What you think?
@christinecampbell4968
@christinecampbell4968 Ай бұрын
Don't sell.
@really2345
@really2345 Ай бұрын
Doesn't "south shore neighborhood" sound nice?
@ronellhaney271
@ronellhaney271 Ай бұрын
It sounded nice in the late 80s and early 90s....."Kind of"....but it kind of fell off like bad dope too. South Shore hasn't sounded good in terms of Chicago jargon for about 20 years.
@tracieross9928
@tracieross9928 Ай бұрын
It's already happened in woodlawn.
@lt3074
@lt3074 Ай бұрын
Shameful how they are targeting minorties & seniors.
@ronellhaney271
@ronellhaney271 Ай бұрын
In terms of money-grabs and lack or disinterest in 20 year planning, these are the groups unfortunately that go for it first. Kind of sad, but true!!!
@Jazzfestn
@Jazzfestn Ай бұрын
It's a FREE COUNTRY! YOU TOO can do the SAME.
@anthonydavis9436
@anthonydavis9436 Ай бұрын
If you've been in your home for 50 years then you don't have a mortgage and haven't had a mortgage in 20 years. So the problem isn't a small tax increase. Its that 4th 5th or 6th 2nd mortgage you took from the bankers and still didnt do home repairs. Maybe went to las vegas and brought new furniture instead. Sell, take that profit and count that as a win if you have to.
@demetrisrobinson4026
@demetrisrobinson4026 Ай бұрын
That’s happening big time in Florida too, our leaders have been both bought.
@Smerzone
@Smerzone Ай бұрын
This is the new trend. Everyone is looking to be an investor and buy low and sell high.
@nastashavalentinodefranco2990
@nastashavalentinodefranco2990 Ай бұрын
So push out the poor blacks AGAIN. Thats Awful
@bsgvlog5640
@bsgvlog5640 Ай бұрын
Yeah but they won't be poor anymore.
@JohnSmith-xu7ev
@JohnSmith-xu7ev Ай бұрын
​@@bsgvlog5640 They will be. Investors low ball
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