“I believe it’s so much higher this year because people were buying more properties and bidding the price up higher," she said. "It means Lake County is a good investment.”
This statement is a total joke. Just because properties are bid up higher does NOT mean its a good investment. We are seeing these kind of statements all over the country. Another example of the bubble we are in!
IMO Lake County is a dangerous place to invest - for many reasons. Working with the county is extremely difficult!
New players that don't know what they're doing are overpaying for properties. They last a few years then disappeared. They have to try and sell their properties after paying too much so they get on MLS for ridiculous prices on houses that are sold as is with a Quit claim deed. Some put more money into them and time to do a Quiet Title.
@Joe Donohue in what ways is working with the county difficult? And how does that have any baring on Lake county being a dangerous place to invest?
Prices are skyrocketing. We have record numbers of Illinois folks jumping the border. And plenty of other great stuff going on. But please enlighten me why it’s a bad place to invest.