Chicago Mayor Tries to Poach Oregon Companies because of Measure 66

Hyde Park in Portland would be equivalent to St. John's. As for Racine, it's like saying "I bought on 99E"--meaning it's a LOOOONNNNNGGG street.

 

oops, not Hyde Park..grant park. Right off Michigan Ave.

 

BIG difference. The South Michigan area was struggling but has been up and coming for about a decade. It's really safe because Son-of-Hizzoner lives in the neighborhood, so cops are always around.

 

Illinois is a big state. Also, you assume businesses are treated equally throughout Illinois; they're not. There, the government is willing to work with business to attract companies. It's why Chicago has so many headquarter locations.

 

Yeah, it's a phat pad...up on like the 53rd floor or something rediculous....i couldn't believe it was only $500k.




http://www.homeinsight.com/home-value/il/chicago.asp

The median house is like $240k in Chicago.

Its a midwest city, housing isn't as expensive as costal cities. It didn't seem that expensive to live there....my cousins make good money there and live it up pretty well.

 

To me, Chicago is a lot of finance and a lot of blue collar type of work. dunno, don't see a company like Nike really thriving there.

 

I look at roughly equivalent neighborhoods and try to price them.

Lake Oswego/West Linn = Evanston/Winnetka/Lake Forest

Schaumburg = Beaverton

Gold Coast = Pearl

Northwest 23rd = Lincoln Park/Wrigleyville

In every case, the equivalent home is more expensive in Chicagoland. If you're willing to live far, far out, you can have a nice house on a nice piece of land for a reasonable price.

 

I'm saying that Springfield and Chicago City Hall give huge tax breaks to companies willing to move to the state. Ask Boeing how they're taxed.

 

CHICAGO

vs. Portland

via Wikipedia!

 

There are lots of areas where I'm . Can you be more specific?

 

I find your methodology suspect.

 

If you're making $125k in Chicago, I think its pretty comparable to making $125k in Portland. There are probably more people making 125k in Chicago though.

 

http://cgi.money.cnn.com/tools/costofliving/costofliving.html

125k in Chicago = 129k in Portland....

 

He was talking about raiding corporations too. As for taxes paid by Boeing, they still have pretty significant HQ costs, regardless of where they produce their goods. Dallas and Chi-town went neck and neck to give Boeing incentives to move.

 

Interesting. I wonder how locationally they decided what constituted "Chicago" and "Portland". If it's metro area, the burbs are really cheap. Chicago also has to blend in a wider variance of economic areas. I could buy a three bedroom, two bath house in Chicago close to an El stop for under $50K. Of course, it would be in a neighborhood that looked more like Beirut than a US City.

My point is that I've made that amount in both towns and lived much better in Portland than Chicago. My buddy who just bought that place in Lakeview was transferred by Intel out of Portland and he'd arrive at the same conclusion.

It's a neat tool, but it seems to be a pretty blunt instrument.