Chicago

bearishbull

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I hear on radio and saw in the paper that HOK are offering aprtments in chicago . Having read article in todays New York Times i think prople sould be aware that these prices seem quite high for the location plus you have the currency risk
from new york times
In Chicago, real estate agents say each neighborhood is different. A high-rise building boom has created a glut of condos downtown and buyers can often negotiate free parking spaces, which previously would have cost $35,000. But the pickings are so slim in the popular Lakeview area north of the central business district that an agent, Brad Lipitz, recently found only three listings there. "Chicago is comprised of many markets," he noted.

i looked on property sites in america such as century 21 and found properties in same zip code as the HOK ones and theres better value http://www.century21.com/buy/buy_results.aspx?type=R&State=IL&City=&County_flag=0&Zip=60616&MLS_ID=&PriceMin=0&PriceMax=300000&BedsMin=0&BathsMin=0
 
Waterfront condos in Boston are selling for about 30-40% less than this time last year. The Manhattan condo market is down 10-15% yoy. Very much buyer beware in the US at the moment.
 
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