While they have historically been underappreciated and de-valued, this too is changing, particularly as new loan products are being released specifically for the purpose of funding ADU construction.

Historically, there have been a lot of people living and moving to the area for retirement.

Don't we think investing in the US is risky with high interest rates, historically low affordability and cash flows and high prices inflated by 15 years of artificially free money that's gone for good?

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

I'm not sure the cost for the kitchenette install with rough in work but I have great relationships with my subs and historically keep my reno costs down. 

Low inventory and pent up demand are keeping prices higher (and still rising), even in a higher than previous (but historically average) interest rate environment. 

Lol My question is: where do historical residential housing records/building permits get filed other than city hall? 

I'm curious what the summer will reveal in 2024 for active inventory, as there has historically been a spike with a couple of years of outliers. 

Money down the road from a historically steady 10% increase in stocks that you will pay taxes on to collect, or immediate cash flow with tax advantages and an annual appreciation of 3-5%.Feel free to dm me if you would like to chat more on the subject 

That depends on you, rates historically have always been in an up and down wheel and very soon rates will be on the down.