CW 556 - Real Estate Absorption Rate, Cash Flow Investing in Chicago

Jeff, a client, has questions regarding recent investments in Chicago. Research has led him to question local school rankings, foreclosures and exit rates of the area. A Chicago local market specialist addresses all three items and adds some facts and figures regarding this world class city, such as 42% of the people in Chicago are renters. Plus, the young mobile class will be attracted to Chicago for its affordable living and international recognition.    Getting 30% off of JHU Live is as easy as sending us a screenshot of your review on iTunes.  And don’t forget to sign up for next Venture Alliance in Newport Rhode Island during September to see mansions and fall foliage.    Key Takeaways: [2:14] Absorption rates - understanding the statistics [4:35] Comparing La Hoya, CA to the Chicago, IL housing market in cost per square foot [7:09] Invest in assembled commodities they are far less volatile  [9:50] The median sales price and the median list price are telling numbers about the area  [11:59] Chicago average home price  [13:53] Foreclosures can flood the market changing the absorption rate  [14:36] Jeff wants to know if he is suffering analysis paralysis [15:36] In Chicago family oriented areas have higher taxes [18:07] A school’s infrastructure may be more important than its ranking [19:57] The foreclosure process in a judicial foreclosure state takes much longer  [21:00] Zillow groups all sales in an area together it may not be a good guide for individual homes  [21:50] Housing markets that are slower to recover are often more stable to invest in   [22:56] Chicago is a world class city and a thriving economy  [25:34] The midwest is a favorite emerging market  [26:51] Chicago is the most moved to destination in a study by Van Lines  [28:06] San Diego event is Jason Hartman University Live  [28:30] Lender Top 1%  of originators in the nation it’s a volume business  [29:48] Take a screenshot of your iTunes review and receive 30% off of JHU Live!    Mentions: Jasonhartman.com How to Lie with Statistics Zillow Van Lines    [email protected]