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Homelessness and Real Estate, Chicago Is World Class
Description
You contribute to homelessness. I do too. The problem goes right through real estate.
Factors include: NIMBYism, minimum wage, salamanders, smoke detectors, and rent control.
(Complete transcript on homelessness segment below.)
Then, Chicago is a world class city with lots of economic diversification. Chicagoland's numbers make sense for real estate investors.
In northwestern Indiana (suburban Chicago), you avoid the high cost of Illinois property.
A typical SFH has $1,350 rent and a $125,000 purchase price.
If you're serious about building your cash-flowing portfolio, learn more and see property at: www.GetRichEducation.com/Chicago
Resources mentioned:
Chicagoland turnkey property:
www.GetRichEducation.com/Chicago
Environmental regulations & housing:
https://www.huduser.gov/periodicals/cityscpe/vol8num1/ch5.pdf
NIMBYism:
Mortgage Loans:
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Welcome to Get Rich Education! I'm your host, Keith Weinhold, with a two-part show.
Real estate is a substantial input into homelessness. Why are people homeless - and why might you & I be partly RESPONSIBLE for it, in fact?
The second part - in general, world class cities don't make any sense to invest in for cash flow - New York, LA, DC, London, Singapore … but we're going to discuss one "world class" city that actually DOES. Today, on Get Rich Education.
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Here it is - hey! You're inside GRE. From Sarasota, Florida to Sarajevo - in Bosnia and Herzegovina - and across 188 nations worldwide.
I'm Keith Weinhold, this is Get Rich Education.
Even in the affluent United States, there is a large and growing population of vagrants - homeless people … more than half a million of them … and you & I … unknowingly play a role in keeping them homeless.
Why are people homeless? Well, the #1 reason is real estate-related. So that's why I'm talking about it in the first of two show segments here