The Chicago Appreciation Rate

[James Wise]

How much data do you look at when you decide what market you are going to invest in? Are you an investor who is looking for cash flow? Are you an investor who wants long term appreciation? Are you trying to flip houses quickly, or do you plan to hold your investments for the long term? What about the population trends? Have you been paying attention the the census data of the market you are spending your money in? All of this stuff is incredibly important when you are deciding which real estate markets make the most sense for your portfolio. Contact our friends at Rent To Retirement to learn more about what you need to look at when you are choosing a real estate market to invest in. Rent To Retirement specializes in finding the best growth markets in the USA.

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Would you like to learn more about working with my buddies at Rent To Retirement? You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their Website or Socials below.

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[Crystal Smith]

Quote from @Brie Schmidt:

@James Wise - We criticize you because you don't get it.  Chicago is the size of Cleveland + Dayton + Cincinnati with some left over.  And that is just the city.  Chicago makes up just 25% of Cook County which is bigger than the state of Rhode Island.  So when some outsider sits on his computer and quote stats about the entire market it makes them look stupid.  Everyone here knows better.

@Brie Schmidt , the biggest problem with this gentleman's analysis is that it's too simplistic. A macro analysis that compares a huge complex market to smaller markets.  There are over 78 submarkets in Chicago alone, and when you include the surrounding areas, the total number of submarkets exceeds 200.  There is population growth in some of the submarkets and decreases in others.  Property values have risen in some submarkets and decreased in others. 

For those who are reading my response, analysis of population trends, job trends, rent growth, value growth ...are extremely important, when the analysis is complete, non-biased and includes all of the submarkets & is done by someone with real knowledge of the market. Take advice from Mr. Wise with regards to investing in Cleveland, Dayton, Cincinnati, Toledo, Columbus or Akron.  Ignore whatever he has to say about any other market.