Lake Forest - North Shore

[Darius Ogloza]

I lived in Chicago in the 1960's and early 1970's back in the days when you identified your neighborhoods by which parishes you lived in (St. Helens/St. Hyacinth's - Wicker Park/Logan Square/Avondale). A close friend recently moved to the North Shore from out of state - Lake Forest to be exact - and looking around I have been blown away by how much the prices in those once super-ritzy areas have come down relative to city prices. Is anyone here pursuing a SFH buy and hold strategy in the North Shore suburbs? I understand property taxes are mind-bogglingly high but otherwise the economics seem tempting at the lower ends of the market.