Northwest Side

Chicago Tribune Letter: ‘Chicago, And Its Surrounding Areas, Have Become Hell on Earth’

This morning I headed over to the Chicago Tribune website to see what’s cooking locally. On their homepage was a “story” link with the following headline:

“Letter: I’m leaving Chicago and I’m never coming back”

Figuring this should make some “entertaining” reading while I finished my coffee, I checked out the proclamation. The author sure didn’t pull any punches. Here’s a snippet:

I’ve come to understand that Chicago, and its surrounding areas, have become Hell on Earth for any thinking person with a modicum of self-respect.

The caustic combination of corrupt politicians with nothing but contempt for the public; a police force so broken down in spirit it visibly resents interaction with even law-abiding citizens; a criminal underclass empowered by the incessant drone of liberal rhetoric wandering the streets posing clear and present danger to everyone around them; and the enablers, who are everywhere, to say nothing of the ugly, decaying infrastructure, poor economy and joyless entertainment and leisure opportunities – it is for these reasons I have made the decision to disconnect forever…

(Editor’s note: Bold added for emphasis)

As regular readers of Survival And Prosperity know, I am one of those who left Chicago (Northwest Side) only three-and-a-half years ago due to concerns over increasing government mismanagement, crime, and costs of living- in no particular order. Besides, even though I really liked the neighborhood I had lived in for eight years, it was time for a new pad and home prices were just too damn high!

My girlfriend and I did what was right for us at the time and in advance of what we suspect lies ahead. But Chicago is still a great city with fantastic people (minus the criminal element), so much so not only do I understand why one might still choose to reside there, but even I won’t go so far as to proclaim “I’m never coming back.”

I remain optimistic about the long-term prospects for the “Windy City.” That being said, I do believe conditions in the city will erode before improving again. For those dead set on remaining in town, please do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead. For example, how do your finances look with the real prospect of future tax hits down the road?

More later. And to read that entire letter sent to the Chicago Tribune, head on over to their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Thursday, January 12th, 2017 Crime, Debt Crisis, Essential Reading, Fiscal Policy, Government, Housing, Infrastructure, Political Parties, Public Safety, Security, Self-Defense, Taxes Comments Off on Chicago Tribune Letter: ‘Chicago, And Its Surrounding Areas, Have Become Hell on Earth’

Chicago Sun-Times On Shootings: ‘There Are Fewer Safe Spaces Left In The City’

Sorry about the “hiccup” in publishing new material on Survival And Prosperity earlier this week, but with Halloween and the Chicago Cubs playing in the World Series, my attention was diverted elsewhere these past couple of days.

Congratulations Chicago Cubs!

Now back to business. After the bloodiest weekend in Chicago this year I brought up a Chicago Tribune piece Monday which noted the geographical diversification of shootings throughout the “Windy City.” I wrote:

Many Chicagoans will tell you the shooting gallery is mostly confined to certain parts of the city known for such violent crime. Since the Chicago Police Department said “this past weekend there were shootings in every area of the city but the Far North and Northwest sides,” going forward it will be interesting to see if there’s a sustained spillover of such violence into the “safer” city neighborhoods.

That still remains to be seen. But consider the following from Mary Mitchell over at the Chicago Sun-Times. From the paper’s website last night:

There are fewer safe spaces left in the city.

You could be sitting in a car, walking down the street, lounging on a porch, riding public transportation or driving on an expressway and someone could start firing a gun…

(Editor’s note: Bold added for emphasis)

Not exactly fearmongering. As the popular Chicago police blog Second City Cop noted early this morning:

We knew it was bad. We didn’t know it was this bad:

October 2016: 79 killed, 348 wounded
October 2015: 31 dead, 203 wounded
October 2014: 39 dead, 215 wounded

Two years worth of Octobers rolled into one…

(Editor’s note: Bold added for emphasis)

Holy Cow! As Harry Caray would say…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Mitchell, Mary. “Mitchell: ‘Gang-related’ classification for gun deaths a cop-out.” Chicago Sun-Times. 2 Nov. 2016. (http://chicago.suntimes.com/news/mitchell-gang-related-classification-for-gun-deaths-a-cop-out/). 3 Nov. 2016.

SCC. “What an October!” Second City Cop. 3 Nov. 2016. (http://secondcitycop.blogspot.com/2016/11/what-october.html). 3 Nov. 2016.

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Thursday, November 3rd, 2016 Crime, Public Safety, Self-Defense Comments Off on Chicago Sun-Times On Shootings: ‘There Are Fewer Safe Spaces Left In The City’

Chicago Suffers Deadliest Weekend So Far In 2016: 59 Shot, 17 Killed

Over this past weekend I noticed there was quite a bit of reporting about Chicago shootings/murders in the local news. But I didn’t expect the final tally to be the deadliest weekend in the “Windy City” so far this year with 59 shot and 17 killed. From the Chicago Tribune website this morning:

The last weekend of October was the deadliest so far this year in Chicago, including among its victims an eighth-grade honors student and twin 17-year-old boys, according to police and data compiled by the Tribune.

Seventeen people were fatally shot in the city between Friday afternoon and early Monday, an extraordinary toll even in a year that is far outpacing last year in shootings and homicides

(Editor’s note: Bold added for emphasis)

Two disturbing details about this latest orgy of violence caught my eye. Tribune staff added:

This past weekend there were shootings in every area of the city but the Far North and Northwest sides, according to police. Of the 17 people who were killed, seven were younger than 20

(Editor’s note: Bold added for emphasis)

Just last week I blogged about the City of Chicago supposedly having knowledge of who’s behind most of the shootings/murders. From an October 26 post:

Violence-weary Chicagoans might want to focus what remains of their energy on something Chicago Police Department Superintendent Eddie Johnson has reportedly noted about the shootings/murders. From the Associated Press back on August 28:

About 1,400 people are driving 85 percent of the city’s gun violence. He added that the city has gotten very good at predicting who will be the perpetrators and the victims of gun violence…

(Editor’s note: Bold added for emphasis)

“About 1,400 people.” Sounds like the City of Chicago has a pretty good idea of who’s behind much of this (future) violence.

Yet bodies are still piling up.

So what exactly is the City doing with this information to stem the growing carnage?

(Editor’s note: Bold added for emphasis)

The question still stands.

Many Chicagoans will tell you the shooting gallery is mostly confined to certain parts of the city known for such violent crime. Since the Chicago Police Department said “this past weekend there were shootings in every area of the city but the Far North and Northwest sides,” going forward it will be interesting to see if there’s a sustained spillover of such violence into the “safer” city neighborhoods.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

“Deadliest weekend in Chicago this year: 17 killed, 42 more wounded.” Chicago Tribune. 31 Oct. 2016. (http://www.chicagotribune.com/news/local/breaking/ct-chicago-weekend-shootings-violence-20161031-story.html). 31 Oct. 2016.

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Monday, October 31st, 2016 Crime, Government, Public Safety 2 Comments

Robert Shiller: ‘Neither Farmland Nor Housing Has Been A Great Place To Invest Money Over The Long Term’

Yale University Economics Professor Robert Shiller just torpedoed long-held notions about farmland and residential real estate in this country. The Nobel Prize winner, who correctly-called the dot-com and housing busts of the last decade, penned the following on The New York Times website on July 15:

Despite solid price increases over the last few years, land and homes have actually been disappointing investments. It’s worth considering why.

Let’s start by looking at the numbers. The best long-term data on land in the United States is for farmland, which is valuable in its own right and can also be considered a great reservoir that can be converted to housing and other purposes at opportune times.

Over the century from 1915 to 2015, though, the real value of American farmland (deflated by the Consumer Price Index) increased only 3.1 times, according to the Department of Agriculture. That comes to an average increase of only 1.1 percent a year– and with a growing population, that’s barely enough to keep per capita real land value unchanged.

According to my own data (relying on the S&P/Case-Shiller U.S. National Home Price Index, which I helped create), real home prices rose even more slowly over the same period — a total increase of 1.8 times, which comes to an average of only 0.6 percent a year.

What all that amounts to is that neither farmland nor housing has been a great place to invest money over the long term…

(Editor’s note: Bold added for emphasis)

“Neither farmland nor housing has been a great place to invest money over the long term”

Obviously, this goes contrary to what many Americans have believed all along.

However, the fact that farmland can produce income from crops should not be ignored.

Residential real estate may also offer benefits beyond property value. In my case, the single-family dwelling in the Chicago suburbs which my girlfriend and I own is a significant improvement in such areas as security and food production, for example, compared to our previous rental unit in a multi-family building on the city’s Northwest Side.

An interesting piece from Dr. Shiller, which you can read on the Times’ website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, July 20th, 2016 Agriculture, Crash Prophets, Farming, Food, Housing, Income, Investing, Security Comments Off on Robert Shiller: ‘Neither Farmland Nor Housing Has Been A Great Place To Invest Money Over The Long Term’

Chicago Property Taxes Hiked As School Budget Passed

There are so many new and increased fees, fines, and taxes being proposed and implemented around the Chicagoland area these days, it’s hard to keep track of all of them. But here’s one Chicago tax hike that’s just been approved that’s making local headlines. Juan Perez, Jr., reported on the Chicago Tribune website last night:

Mayor Rahm Emanuel’s school board on Wednesday unanimously approved a budget that relies heavily on borrowed money and the hope of a nearly $500 million bailout from a stalemated Springfield, with the specter of disruptive cuts in January if that help fails to materialize.

The $5.7 billion spending plan contains another property tax hike — an estimated $19-a-year increase for the owner of a $250,000 home — as well as teacher and staff layoffs. The Chicago Board of Education also prepared to go to Wall Street to issue $1 billion in bonds and agreed to spend $475,000 so an accounting firm can monitor a cash flow problem so acute that Chicago Public Schools mulled skipping a massive teacher pension payment at the end of June…

(Editor’s note: Bold added for emphasis)

My old neighbors on the city’s Northwest Side, in their single family homes that are selling just south of the $350K-mark on average these days, probably aren’t too thrilled to hear about this latest tax hike.

Oh, but it gets “better.” Perez added:

To help patch over a budget gap the district said exceeds $1.1 billion, CPS raised its property taxes to the maximum amount allowed under state law. But CPS may not be done — [Chicago Public Schools chief Forrest] Claypool has floated the idea of restoring a property tax levy dedicated to teacher pensions that would generate an estimated $170 million

(Editor’s note: Bold added for emphasis)

Keep in mind this is just the school’s portion of the Chicago property owner’s tax bill we’re talking about here.

Once again, a couple of bucks here, a couple of bucks there, and all these new and increased fees, fines, and taxes from various levels of government will have Chicago taxpayers going bonkers soon enough.

And Illinois taxpayers- note that bit about:

The hope of a nearly $500 million bailout from a stalemated Springfield…

You too could be on the hook for this debacle.

Head on over to the Chicago Tribune website here to get the full story on this latest tax hike.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, August 27th, 2015 Bailouts, Debt Crisis, Deficits, Education, Entitlements, Fiscal Policy, Taxes Comments Off on Chicago Property Taxes Hiked As School Budget Passed

Thoughts On Chicago Home Invader Yelling ‘Fire! Fire!’

“According to the FBI, nearly 50,000 robberies within residences (the bureau’s classification for home invasions, not all of which involve violent entry) occurred in 2011, or about 135 per day…”

-NBC News website, September 9, 2014

Beware of the following. From Chicago’s ABC 7 website back on January 27:

Police are warning residents of a pair of home invasions on Chicago’s Far Northwest Side.

Authorities said a man broke into two homes, one in the 3800-block of North Pacific Avenue around 1:20 p.m. on Jan. 19 and one in the 6700-block of North Oxford Avenue around 2:50 p.m. on Jan. 21.

In each incident, police said the suspect forced his way through the front door, yelled, “Fire! Fire!” and ran out.

The suspect then got into a dark-colored vehicle driven by someone else and took off…

(Editor’s note: Bold added for emphasis)

You can read the rest of that article here, which doesn’t give an explanation for why the home invader spent the time and effort breaking into these residences- only to shout “Fire!” on both occasions, then leave. Note the following comment on the piece though:

This is just bizarre; I think there’s more to this story than the article lets on. If they do find this guy, they definitely need to get him psychiatric help since he’s clearly mentally ill…

“Mentally ill.” Perhaps. But consider this alternative. The home invader broke into these homes, discovered he wasn’t alone, and in an effort to create confusion for a rapid escape, the “Caucasian or Hispanic man in his late 20s” subsequently yelled “Fire! Fire!”. Under these circumstances, it would have been easy for the (almost) victims to mistake the intruder as some Good Samaritan at first and set about checking the premises for fire before realizing what really happened.

Mentally ill? How about “fast-thinker” or “smart criminal”?

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, February 16th, 2015 Crime, Health, Main Street, Public Safety, Security, Self-Defense Comments Off on Thoughts On Chicago Home Invader Yelling ‘Fire! Fire!’

Signs Of The Time, Part 78

Karma doesn’t look to be dialing down her bitch anytime soon.

Alexandra Chachkevitch and Rosemary Regina Sobol reported on the Chicago Tribune website last night:

Rahm Emanuel’s 17-year-old son was robbed near the family’s Ravenswood home Friday night, according to a mayoral spokeswoman and police reports…

Zach Emanuel was talking on his cellphone in the 4200 block of North Hermitage Avenue, across the street and a few houses down from the Emanuel home, when two males approached him from behind, according to the police report.

One of them “placed his arm around the victim’s neck in a rear chokehold,” and the second one struck the teen with a fist, knocking him to the ground. The robbers took the teen’s cellphone and patted him down, the police report said.

“The offenders then asked the victim, ‘What else you got?’ (and) forced the victim to enter his security code to unlock the phone,” the police report said.

The robbers then ran away. The teen was treated for cuts and bruises on his face by a personal physician at his home, according to the report…

(Editor’s note: Bold added for emphasis)

Couple of things here:

1. Mayor Emanuel and his administration are known for claiming “crime is down!” in the city.

2. For those blog readers who don’t already know, the “Rahmfather’s” Chicago pad is heavily-guarded by the Chicago Police Department, including two or more cops in front, two or more in the alley, a heavy-weapons vehicle nearby, and a roving patrol (source: Second City Cop blog). By extension, the surrounding area is thought to be one of Chicago’s most secure as crime is concerned.

3. Glad to hear Zach’s injuries weren’t worse, since not resisting during a robbery is no guarantee the bad guy(s) won’t still injure/kill you.

4. I, too, was like Zach at that age, oblivious to my surroundings (no cell phone, but often found sporting a Sony Walkman). Then I started hearing/reading stories about the bad guys preying on people carrying on like that. By the time I was living in Chicago, I’d still listen to my mp3 player while walking down Northwest Highway- but not without a healthy dose of situational awareness.

Anyway, glad the young man is safe after the ordeal.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Chachkevitch, Alexandra and Rosemary Regina Sobol. “Emanuel’s son robbed near family’s North Side home.” Chicago Tribune. 20 Dec. 2014. (http://www.chicagotribune.com/news/local/breaking/chi-rahm-emanuel-son-robbed-20141220-story.html). 20 Dec. 2014.

SCC. “Hey Rahm, Crime is down!” Second City Cop. 20 Dec. 2014. (http://secondcitycop.blogspot.com/2014/12/hey-rahm-crime-is-down.html). 21 Dec. 2014.

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Sunday, December 21st, 2014 Crime, Government, Public Safety, Self-Defense, Signs Of The Time Comments Off on Signs Of The Time, Part 78

Thieves Target Chicago-Area Community Food Gardens

While I wouldn’t call myself a prepper, I do glean a number of ideas from them.

One of those being food security.

This coming winter, I look forward to planning with my girlfriend a future food garden located on our property. I think I know of a good spot for it as well. Regular readers of Survival And Prosperity might remember this photo I took shortly after moving into our house last summer:

Garden Future Site

Now, I’ve been wanting a food garden since I lived in the “concrete jungle” that is Chicago’s Northwest Side. So much so, if I didn’t end up living someplace where I had my own private plot to grow one, I figured I might utilize a community food garden. I started looking into them a few years back , and loved the concept. However, I was put off about the potential for theft. Which turns out is a real concern in the Chicagoland area. Dawn Rhodes reported on the Chicago Tribune website this morning:

Vegetables stolen from Downers Grove garden plot

Vegetables were reported stolen out of a community garden managed by the park district late last month, according to police.

The vegetables were planted at the Mar-Duke Farm near 68th and Main streets, according to a police report…

Regrettably, such criminal activity has been going on for some time now in the Chicagoland area. From the Chicago Garden blog on the ChicagoNow website back on August 30, 2010:

This summer Chicagoans have been treating community gardens like personal food banks.

After spending their summer carefully cultivating fruits, herbs and vegetables, some community gardeners are being beaten to the harvest by vegetable thieves…

Garden theft isn’t something isolated to neighborhoods undergoing a transition. From Pilsen to Bowmanville to even a community garden in Forest Park, IL., these gardens are being targeted by people who feel they have the right to reap the hard work of gardeners…

MrBrownThumb also added:

On a recent trip to this garden to photograph these garden signs (see gallery above) a member who lived nearby stopped me and a friend to ask us what we were doing in the garden. I explained to him that I was only interested in taking pictures and he told me about the various people he encounters stealing veggies from the garden. One lady who brought her own grocery bag justified her theft by saying that people routinely shoot each other or sell drugs nearby.

(Editor’s note: Bold added for emphasis)

Disturbing. Especially that last bit with the rationale employed by the thief.

I am even more grateful now knowing I have a private plot to grow a food garden in after reading all this.

I’m still a big fan of community food gardens. I just hope going forward should financial conditions erode and individual circumstances worsen (as I suspect they will), increased security is implemented at these locations.

For those who are interested, the Community Action Coalition of South Central Wisconsin makes a comprehensive “Community Garden Security” worksheet available (.doc format) on their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: That “Community Garden Security” worksheet link doesn’t work last I checked)

Sources:

Rhodes, Dawn. “Vegetables stolen from Downers Grove garden plot.” Chicago Tribune. 6 Nov. 2014.( http://www.chicagotribune.com/suburbs/downers-grove-darien-westmont-woodridge/ct-stolen-vegetables-downers-grove-tl-1113-20141106-story.html). 6 Nov. 2014.

MrBrownThumb. “‘Please do not steal the Vegetables!!’” Chicago Garden. 30 Aug. 2010. (http://www.chicagonow.com/chicago-garden/2010/08/please-do-not-steal-the-vegetables/#image/1). 6 Nov. 2014.

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Thursday, November 6th, 2014 Crime, Food, Gardening, Security Comments Off on Thieves Target Chicago-Area Community Food Gardens

Illinois Concealed-Carry Latest: Demand For Training Cooling Off?

Back on March 24, I blogged about Illinois shooters possibly finding it more difficult to get in some range time due to high demand for Illinois Concealed Carry License training.

I just read that the initial rush for concealed-carry training may be cooling off. From the website of Rockford CBS affiliate Channel 23 on May 3:

Illinois State Police started issuing permits in March, but the classes started in January. [Concealed-carry instructor Kim] Frayne says when her classes started they were packed with about 40 students per class, now she says it’s down to about 10.

“I guess the newness of being able to have a concealed carry license is catching on and they’ve either got them or they’re thinking I’ll wait a little bit until it’s a lot quieter.”

Although there is still a demand for the classes, Frayne predicts may instructors will cut back on the number of classes they’re offering…

Channel 23 added that more than 40,000 people have applied for an Illinois CCL permit, with the Illinois State Police expecting around 300,000 by the end of the year.

While on the topic of concealed-carry instruction, I stumbled on an article tonight about a new CCW training school possibly opening its doors around my old stomping grounds on the Northwest Side. Alex Hernandez reported on the website of The Bugle (Niles) yesterday:

A school specializing in personal defense and concealed carry training is hoping to open in Niles.

At a May 5 meeting, the Niles Plan Commission and Zoning Board of Appeals recommended that Concealed Carry Safety for Personal Defense, Inc. be considered for a special use permit to operate at 7609 N. Milwaukee Ave.

Marc Jens, a retired Cook County Sheriff’s police officer and U.S Army veteran, would be running the school alongside his wife Connie.

“I’m a pain in the butt when it comes to safety,” said Jens. He’s also served as an instructor and training co-coordinator at the Cook County Sheriff’s Police Training Academy for about ten years.

“Concealed carry has become quite a hot topic and there are a number of questionable persons teaching it,” said Jens. “It’s my intention that it’s done right, safely and for the betterment of society.”

Hernandez added that according to Jens, the training classes would be limited to fifteen students per class, and in lieu of live fire training, Shot Indicating Resetting Trigger (SIRT) Training Pistols would be used.

I checked out those SIRT Training Pistols after reading about them. Pretty cool training aids…


“SIRT Training Pistol”
YouTube Video

Still, like I suspect is true of this and all the other “aids” currently available to the public- probably not a perfect substitute for the real thing (“live fire”).

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“Concealed Carry Instructors Say Fewer Sign-Ups for Training Classes.” Channel 23. 3 May 2014. (http://www.wifr.com/news/headlines/Concealed-Carry-Instructors-Say-Fewer-Sign-Ups-for-Training-Classes-257811481.html). 8 May 2014.

Hernandez, Alex V. “Concealed carry training school opens in Niles.” The Bugle. 7 May 2014. (http://www.buglenewspapers.com/niles/article_e52169c6-d61c-11e3-a962-0017a43b2370.html). 8 May 2014.

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Thursday, May 8th, 2014 Firearms, Self-Defense, Training Comments Off on Illinois Concealed-Carry Latest: Demand For Training Cooling Off?

31 Percent Of Chicago-Area Homeowners With Mortgages ‘Seriously Underwater’

Memorial Day Weekend 2007. I had just launched my first blog, Boom2Bust.com, “The Most Hated Blog On Wall Street,” from my apartment on Chicago’s Northwest Side. I remember thinking to myself, “Well, I don’t want to just focus on turmoil in the financial markets as part of a coming financial crash. I also need to talk about the housing bubble and when that monstrosity bursts as well.”

All of it happened (except Washington and the Fed managed to postpone the crash I was- and have been- warning about, leaving us with the “Panic of ’08” and the Great Recession instead), providing me tons of material to blog about over the last seven years.

Now, my girlfriend and I were lucky enought to spot and sit out the housing bubble, eventually picking up a place last year for $117,000 less than it was at the height of the madness (according to one valuation). Regrettably, a number of friends and acquaintances in the Chicagoland area bought homes during the market’s craziest years, when price levels were incredibly high (in my neighborhood, some barely inhabitable “shacks” were on the market for half-a-million dollars back then). I really hope they aren’t “underwater”- owing more on their mortgages than their properties are worth- but I suspect a number of them are. Mary Ellen Podmolik reported on the Chicago Tribune website this morning:

Despite improving home prices, 31 percent of Chicago-area homeowners with a mortgage were seriously underwater in March, owing at least 25 percent more on their home loans than the property’s value, a new report shows…

(Editor’s note: Bold added for emphasis)

31 percent? That’s bad news for the Chicagoland residential real estate market. The last time I talked about the “underwater people” on this blog was last fall, when I blogged:

This past Sunday, I spotted the following about underwater mortgages in my Chicago Tribune. Mary Ellen Podmolik wrote:

A lack of inventory is frustrating potential Chicago-area homebuyers, and a report last week from Zillow explains why some homeowners might like to sell their properties but can’t. Despite improving home values, 35.4 percent of Chicago-area homeowners with a mortgage were underwater at the end of June, meaning they owed more on their loan than the home was worth, Zillow said. That means those homeowners would have to sell their properties through a bank-approved short sale.

(Editor’s note: Bold added for emphasis)

So will that 31 percent “seriously underwater” rate improve anytime soon? Here’s hoping. But considering the economic headwinds still working against housing- I’m not going to hold my breath (no pun intended).

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Podmolik, Mary Ellen. “Almost 1/3 of Chicago-area homeowners still significantly underwater.” Chicago Tribune. 18 Apr. 2014. (http://www.chicagotribune.com/business/breaking/chi-homeowners-underwater-20140417,0,7135589.story). 18 Apr. 2014.

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Friday, April 18th, 2014 Bubbles, Debt Crisis, Federal Reserve, Government, Housing, Recession Comments Off on 31 Percent Of Chicago-Area Homeowners With Mortgages ‘Seriously Underwater’
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has just been updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Smart Secured Storage) -Liechtenstein (Liemeta AG, Triesen) -United Kingdom […]
  • Related Reading: The Telegraph Looks At Latest Security Technology In Bank, Private Vaults
    I’m back after several days spent on matters related to the research business (focus: specialized asset protection) I’m in the process of rolling out. Despite the “spring break,” I compiled a good deal of material to blog about in the near future. Getting back into the saddle then… “How to rob a bank” This headline […]
  • Next Degussa Numis Day To Take Place March 30, 31
    Rare numismatic coins often find their way into safe deposit boxes. And Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich […]
  • Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings
    Here’s an annual survey one might consider when selecting an offshore safe deposit box location. U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website: Switzerland is viewed as the No. 1 overall country, according to a survey of more than […]
  • Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine
    Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend: When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be […]