Category: Quote of the day
Quote of the day: From the outside, in
In any kind of market, contracting or expanding, the same principles apply. Just as high prices used to drive people from the center out, things also [...]
Quote of the day: All are welcome at Waterview
"We're always interested in talking with people who need to place money."
- Sean McMahon, project manager for Teng & Associates' Waterview Tower [...]
Quote of the day: "The trough is behind us"
"The good news is the trough is behind us...[but] the fundamental situation remains bleak."
-UniCredit economist Harm Bandholz on U.S. home prices.
[...]
Quote of the day: Englewood's turning tide?
Is one condo conversion at 64th Street and Stewart Avenue a sign of things to come for Englewood? WBEZ thinks Beth Vorwaller's condos warrant a report [...]
Quote of the day: "A gravely serious situation"
"For homeowners who need to sell, this is a gravely serious situation...It can also be harmful to communities where the number of unsold homes adds mo [...]
Quote of the day: Suburbia's not dead yet
Think high gas prices will spur a back-to-the-city movement as people vie to get closer to work? Think again, says Joel Kotkin, the dean of debunkers [...]
Quote of the day: Chicago's demographic inversion
In the winter of 1979 I stood on the Armitage El platform as train after train whizzed by. I recall the scene and the people waiting with me vividly. [...]
Quote of the day: Undercutting Trump
"My clients want to get out, and the only way they can get out is by undercutting the developer."
- Broker Andrew Glatz, who currently has listing [...]
Quote of the day: Swayed by aesthetics
"I'd say the biggest problem is that the [first-time] buyers are typically more often than not swayed by some of the things we would term to be aesthe [...]
Quote of the day: Turn, turn, turn
“We’re using the time well to get through the planning process so when the market does turn we’re ready to break some dirt... The market will turn in [...]
Quote of the day: One developer's advice to buyers
You might notice that we always ask developers in our video interviews some variation of the following question: "What do you say to the buyer who loo [...]
Quote of the day: The chosen few
“It will be on the short list that breaks ground this year. It will be a short list, a very short list.”
- Appraisal Research Counselors Vice Presi [...]
Quote of the day: Buyers might miss the best time to buy
"Once the market flattens out, it’s going to start to come back up. [Buyers] are going to be left in the position of waiting a little too long. I’ve s [...]
Quote of the day: Fewer redevelopment opportunities in North Side neighborhoods
"These are not neighborhoods where they’re knocking down warehouses and building 50 new units. We don’t have a lot of additional inventory."
- Jeff Lo [...]
Quote of the day: Developments on main streets have their advantages
"A lot of buyers like to be on neighborhood streets, but at the end of the day, if you can gain three or four feet in width, it definitely makes a hug [...]
Quote of the day: Evanston condo market creates more alternatives for some buyers
"It’s giving the empty nester more choices, and that’s always good for the consumer. It’s almost a 24-hour environment, although the clubs and restaur [...]
Quote of the day: Largest units claim top billing at Solstice on the Park
"[Developers] want the bigger units at the top and the smaller units at the bottom; the big ones sell for much more money. We decided to take that d [...]
Raw space? It's easier said than done
My post on 235 Van Buren's concrete raised some questions about the viability of purchasing a condo "in the raw." Mortgages aside, under what circumst [...]
Quote of the day: Aqua's design negotiated views with skyline neighbors
"[We] started realizing that the towers are not really just objects in a landscape. Right now, they're much more clustered, and to get views - especia [...]
Quote of the day: Taxpayers deserve to know how TIF money is spent
"At a time when many homeowners are reeling from skyrocketing property taxes, and money is tight for so many families, people should absolutely be abl [...]