Category Archives: Housing

New Study Shows Wealth Gains Over Last Two Decades Lost In Housing Bubble

[Hat tip Doug May]
The Center for Economic and Policy Research (CEPR) study by Dean Baker and David Rosnick, “The Impact of the Housing Crash on Family Wealth.” shows that over the last two decades (from 1989 to the projected 2009) median wealth for people age 35 - 54 was flat or declining assuming another 10% […]

NPR - Transportation Availability Translating Into Higher Housing Prices

What Jacky Grimshaw noted locally about Kendall County is a reality in other areas too - the further you are from good mass transit the more costly the commute - which, according to NPR is where in some locales you will find housing discounted and not selling. In Kendall County it seems sales and […]

Housing Transit Costs Are All About Location, Location, Location

Jacky Grimshaw, VP for Policy, Transportation and Community Development at Center for Neighborhood Technology, wrote an important Letter to the Editor in Tuesday’s Chicago Tribune:
“With a reported median selling price of $227,000, homebuyers feel they can get the most home for their money in Kendall County (”Kendall nation’s fastest-growing county; Locals proud despite area’s growing […]

DuPage Urbanization

Progress Illinois has a great discussion of DuPage urbanization based on this Boston Review article. I have some mixed thoughts about what’s there - but they’re certainly worth reading.

Dean Baker’s Progressive Take On Alleviating The Mortgage Crisis

Here’s Dean Baker’s solution - quick and to the point.
Here’s why Dean Baker is against a bailout of a type that [is] most often discussed.
It’s very much worth a read.

Lisle Ranked 20th Best In Money Magazine

The Daily Herald reports today that the Village of Lisle will rank 20th in the upcoming Money Magazine ranking of towns with populations between 7,500 and 50,000. Among other factors the Morton Arboretum, the Lisle Eyes to the Skies Festival, Benedictine University and housing affordability (for the area) were cited as major pluses. […]

DuPage Pop Culture - Defining Characteristics Via Facebook

Selections from a DuPage County group “DuPage County…..Enough Said”
(not “political”) that seems to be populated by mostly college/recently out of college age people on Facebook:
“You Know You Are From DuPage County, Illinois When…………….
….
Your public high school is on the list of top public high schools in the country
That two acre patch of land? Yeah, wait […]

Lisle’s Oak View Residents - Pay Extra For Water And Get Burned

About 17 months ago the Daily Herald reported massive overcharging by private company Illinois American Water to Lisle’s Oak View residents, as well as problems with the water supply: “Lisle-Woodridge Fire District Chief Thomas Freeman is growing tired of trying to make the utility raise the water pressure in hydrants near two Lisle schools […]

Naperville GOP Real Estate Ad And Challenger For Senator Dick Durbin

[Hat tip to Jon Myers for alerting me to the Senate challenger - he didn’t mention the real estate.]
Before anyone gets bent out of shape, I admit the title and some of this post is a bit snarky - but it’s meant all in good fun, and you have to recognize that the blog post […]

Naperville City Council Drops TOD Study Around 5th Ave In A Major Victory For Area Residents

In a major victory for residents in the 5th Avenue Train Station area, the Naperville City Council last night voted 7-1 to end the TOD (Transportation Oriented Development) study of the area. Park Addition Homeowners Association President Thom Higgins, who has worked tirelessly for this result, called it “an amazing night.”
Normally I’m a big […]