To: Bonemaker
“Good luck in Illinois ghost towns.”
Fifty cents on the dollar across the state.
It’ll happen.
L
11 posted on
05/19/2020 5:27:02 PM PDT by
Lurker
(Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
To: Lurker
I suspect it will take more than that. The purchase price isn’t the hurdle, it’s the carrying cost...taxes.
24 posted on
05/19/2020 6:21:00 PM PDT by
gogeo
(It isn't just time to open America up again: It's time to be America again.)
To: Lurker
Fifty cents on the dollar across the state.
Especially when property taxes go up to compensate. I built in rural Illinois (Ogle County) and housing values fell 40% overnight. We held out as long as we could, and the values still had not begun to recover six years after. I am confident it never got back to 2007 levels. Property taxes remained the same.
We are renting now, but am willing to buy low when low comes here in Phoenix, where it is NOT Illinois.
30 posted on
05/19/2020 7:15:18 PM PDT by
Dr. Sivana
(There is no salvation in politics)
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