I'm
Quote:
Originally Posted by Crawford
Everyone should view investments through the lense of ROI.
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A. Not everyone who's looking for a place to live views it as an "investment", in the strictly financial sense.
B. As TUP touched upon, returns are not exclusively measured in dollars and cents.
A lot of regular (ie. not wealthy) people are in the INAFPTL realm.
Quote:
Originally Posted by Crawford
And especially if they're talking about determining whether said investment is a deal, bargain, or cheap, all terms used in this thread.
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You're the only person who said "
deal".
Residential real estate in urban chicago is objectively "
cheaper"(costs less money) than like for like residential real estate in most of America's other top tier urban cities.
"
Bargain" can be a trickier word, because there is a context for it that does come with a value aspect, and in that usage, yes, "you get what you pay for" is a part of the equation, but I think the way most people use the word "bargain" in this thread when speaking about Chicago real estate prices is in the different sense of
"wow, you can get so much for so little!".
Kinda like like someone at an outlet mall saying
"holy crap, 5 factory-second dress shirts for only a hundred bucks, damn, what a bargain!" now, those dress shirts will never be worth a whole lot more than what they were initially purchased for, but it can still be a little surprising to get 5 fucking dress dress shirts for only a hundred bucks.
Chicago's seemingly infinite supply of missing middle "flat" housing
is the factory-second dress shirt of American urban residential real estate. It doesn't possess a whole lot of intrinsic monetary value, but if you're just looking for a cheap-ass dress shirt, you're fucking gold, pony boy!