Chicagoist: Chicago Destined for Housing Bust? Maybe Not...

John

Thu, 28 Jul 2005 15:21:18 -0600

As a region "Chicagoland" might be ok, but I think sub-markets such as Streeterville, River North, South Loop, and other condo hotspots are at much great risk. A good chunk of these condos are being sold to/by "flippers". Regional/city statistics won't pick up these micro-area bubbles.

TomD.Arch

Thu, 28 Jul 2005 13:02:13 -0600

I think that the phrase "proprietary statistical model" is the clue that you're not supposed to be able to understand it. "Marvel and wonder at our gleeming information! Do not dare to question it for it is proprietary! Our black box is infallible!"