Monday, November 26, 2007

Real Estate Curmudgeon - treating your skin disease

Originally posted at It's My Mind on July 14, 2007

I missed this video from May 2007. I have been a fan of YoChicago for a while now. I followed their coverage of the south side neighborhoods of West Chesterfield, Chatham, Park Manor, Pill Hill, Burnside, and Auburn-Gresham.

Anyway this video talks about some of the themes that have come up on this blog overtime. Especially check out this post from November 15, 2005. It talks about the disparity in home value of two different neighborhoods that has roughly the same characteristics with minor differences. It's just that one is mostly white on the north side vs. the one that's mostly black on the south side and both can certainly be seen as middle class neighborhoods.

So Mr. Joe Zekas touches upon it. He calls this disparity a skin disease. Check out this note...
A 4 bedroom, 2 bath bungalow in Chicago's south-side Chatham neighborhood costs about $225K, but the same property in Belmont Heights on the northwest side goes for $350-$400K.

What's the difference? The Curmudgeon says it's nothing but the skin color of your neighbors, and suggests that's a "skin disease" that costs $800 to $1,100 a month to treat.

What is my point in posting this you may ask?

Well, because it's of interest. I like the Chatham neighborhood. I'm sure people from other parts of town will just blow off this south side neighborhood as just another ghetto. It certainly doesn't help if the general neighborhood is just about all black. It's believeable that it is a treasure that no one knows about until they actually drive thru.

No comments:

Post a Comment

PLEASE READ FIRST!!!! Comment Moderating and Anonymous Comment Policy

While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.

Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!