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Updated over 5 years ago on . Most recent reply

Pancham G.'s profile image
Pancham G.'s profile image
Pancham G.
  • Investor
  • from Jericho, NY
  • Member since Jan 26, 2015
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171
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Pancham G.'s profile image
Pancham G.'s profile image
Pancham G.
  • Investor
  • from Jericho, NY
  • Member since Jan 26, 2015
Connect
Pancham G.
  • Investor
  • Jericho, NY
148
Votes |
171
Posts
Buying & Selling Real Estate

Chicago got downgraded to JUNK by Moody's. Reminds us of Detroit?

Pancham G.
  • Investor
  • Jericho, NY
Posted


Check this news story out:

Chicago Faces $2.2 Billion Bank Payout After Rating Cut to Junk

This kind of thing really scares the heck out me and I want to find out if it does for other investors too. We all know what happened to Detroit. Although, Chicago's dynamics are very different from Detroit but this does raise red-flags. Will this stop you from investing in Chicago?

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