What Chicago Southsiders need to hold on to......... [Archive]

View Full Version : What Chicago Southsiders need to hold on to.........

Austin/Dallas

03-17-2003, 12:03 PM

This is what's happening on Chicago's south side to those who sale their homes they are being tranformed into places like this.

The Wheeler Mansion
http://www.chicagofun.com/home/wmansion.GIF

2020 S. Calumet Ave.
Chicago, IL 60616

[ March 17, 2003, 12:43 PM: Message edited by: Austin/Dallas ]

DJ RON C

03-17-2003, 01:07 PM

Man you are 100% correct! graemlins/cool_shades.gif

Ken1015

03-17-2003, 01:14 PM

Please clarify your statement. Are you for or against development? The Wheeler Mansion is Black-owned, if that matters, and has been transformed into a top notch bed & breakfast.

Koffy Brown

03-17-2003, 01:24 PM

Originally posted by Austin/Dallas:
This is what's happening on Chicago's south side to those who sale their homes they are being tranformed into places like this.

The Wheeler Mansion
http://www.chicagofun.com/home/wmansion.GIF

2020 S. Calumet Ave.
Chicago, IL 60616 This is happening in most major cities since the urban sprawl has started...the majority of those that live in those homes probably can't afford to refinance to have them fixed up...lot's of politics involved

MR. PLUSHEDOUT

03-17-2003, 01:34 PM

DIDN'T YOU GUYS SEE "BOYZ N DA HOOD"? IT'S CALLED GENTRIFICATION. THE BANKS BUY PROPERTY IN LOW INCOME NEIGHBORHOODS FOR DIRT CHEAP, PUT A COUPLE GRAND IN TO IT FOR REPAIRS, AND THEN TURN AROUND AND SELL IT AT ASTRONOMICAL RATES. THE MONEY THEY MAKE IS ALL PROFIT. THE FIRST SIGN OF GENTRIFICATION IS WHEN YOU SEE A BANK POP SOMEWHERE YOU KNOW A BANK SHOULDN'T BE. I.E. 63RD & KING DR. UNDER THE EL TRACKS! AND THEN IF THEY PUT ONE SECTION 8 PERSON IN THERE, THEY CAN CALL IT SUBSIDIZED HOUSING. AIN'T THAT A KICK IN THE NARDS! graemlins/soapbox.gif

mhd

03-17-2003, 01:54 PM

dumbness reigns supreme

Austin/Dallas

03-17-2003, 01:56 PM

Originally posted by Soulful1015:
Please clarify your statement. Are you for or against development? The Wheeler Mansion is Black-owned, if that matters, and has been transformed into a top notch bed & breakfast. Color is not a issue here, this just represent that things may be out of reach ($$$$$)that were at one time for alot of people for many years to come.

03-17-2003, 02:08 PM

This is happening everywhere. Some people who own their homes can't afford the taxes, so they are presented with an offer that really has no options, either sell your house or let the IRS take your house. This is a sad situation for anyone to be in. This is really big in the elderly community who usually need government assistance. :(

[ March 17, 2003, 02:10 PM: Message edited by: Michael J. Carmona ]

'Magic' Juan

03-17-2003, 02:27 PM

Man, this is not news to me. Check out around the UIC campus over here on Roosevelt and Halsted. The glory days of Maxwell street are GONE, my friends.

magic_juan

Austin/Dallas

03-17-2003, 02:32 PM

Originally posted by magic_juan:
Man, this is not news to me. Check out around the UIC campus over here on Roosevelt and Halsted. The glory days of Maxwell street are GONE, my friends.

magic_juan Yeah!!! That area has been out of my finacial reach (economically friendly investment) for some years now and is still growing.

HouseDiva

03-17-2003, 02:38 PM

ooh a black owned bed and breakfast... humm i am gonna have to check that out smile.gif