Quote:
Originally Posted by nookandcrannycar
Unfortunately, the items illustrated in the link I provided in post # 51 are wreaking a bit of havoc on your 'home area'. IIRC, Rahm (or one of his people) stated property taxes might have to double  . The tech boom is helping my 'home area' (SF Bay Area), but a similar mindset exists  .
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We moved from Chicago to Capitol Hill DC in 2000, so I've been away from there for quite awhile. From what I've heard and read, certain aspects of the area have really taken a hit. I think our property taxes on our 3rd floor condo (in a 3 flat) were about 1000 bucks in 1994 when we first purchased. It's listed again now, 2nd owner after us who bought at the height of the market back in 2006. Tax Year 2012: $5022.14
Living on Capitol Hill from 2000-2010, our taxes went from 1,000.00 to 5,300 I believe, but the price of real estate there absolutely boomed.
When the economy tanked, the real estate in VA & MD tanked, while the close-in areas of DC took way less of a hit, and started going back up a few years before we sold. We were extremely fortunate (with a big dash of luck)
Chicago and it's latest years old round of murders is horrible. It is only in certain areas, most of Chicago and the suburbs are very calm & safe. Don't know much of what's going on there now, politics or other wise, but when they describe/described Chicago as 'The City That Works" I believed that living there.
Roads always clear of snow, garbage/recyclables picked up like clock-work, etc. I had no problems with city services while living there, it was pretty darn good.
Gosh only knows what's going on there now in regards to city services and taxes and whatnot. I do know a lot has changed in the past 14 years.