Skip to main content

City of Chicago - In Color

I am a real estate lawyer. I help buyers buy and sellers sell their homes, their condos, their apartment buildings. One at a time. 

Each deal I work on is the most important contract in the local real estate market. To my clients and the parties on sitting accross the table they are. And because each individual transaction is to each individual client, that specific deal is also the most important case I am working on too. 

But in a wholly other sense, each transaction is part of a larger real estate marketplace. Each transaction adds another data point that economists and sociologists can pick over and analyze. The collective information gleaned from all transactions informs us all about the larger trends and patterns in our communities. The collective body of information gathered in real estate conveyancing and from census data, all helps paint a very different picture.

It is real estate pointillism. Think of Georges-Pierre Serat or Chuck Close.    

Now check out this New York Times interactive mapping display and see the bigger picture. Plug "Chicago, IL" into the search bar and chew on the  images that NYT generates. Uptown Libertarian does an interesting analysis of my local environs. Take a moment and see what you can learn about your own, too.   

Comments

Popular posts from this blog

Do I HAVE to shovel? Chicago snow shoveling law and etiquette

Set aside any discussion of climate change for a moment. It’s winter. It’s Chicago. It snows. As a homeowner, you owe it to your friends, family, neighbors and delivery people to keep the sidewalks free of snow and ice.

The Equifax data breach and you — 6 steps to take now

Identity thieves hit a major credit reporting agency—hard. Millions of consumers’ confidential identity information has been compromised.

Equifax, one of the big three credit reporting agencies announced that a massive security breach took place earlier this year. Offenders accessed data sets of 143 million US consumers.

With federal tax reform looming, should I prepay 2017 Cook County property taxes?

By Michael H. Wasserman

Paying property tax bills before the end of the 2017 may help some owners save on their federal income tax liabilities.

The Tax Cuts and Jobs Act has been called the most sweeping tax reform bill in decades. Like it or
not, tax reform is coming. Others might wring their hands with glee or with worry. We are already working on ways to minimize the pain this reform might cause. 
One aspect of the pending tax reform plan presents a clear challenge for most Chicagoland home owners, the elimination of deductions for State and Local Taxes (SALT). The house and senate plans both limit deductibility to $10,000. Once the tax reform is signed into law, we will pay federal income taxes on the money we use to pay our local taxes exceeding that $10,000 threshold. Some homeowners who have the foresight (and lets face it, the savings) to act swiftly may want to pre-pay their first installment 2017 property tax bills this year before the tax laws kick in, so that those payments …