Hi all…Just wanted to share this information and maybe get some comments from (ideally) Chicago investors, investors who have some interest in Chicago, or investors who are witnessing a similar condition in their city.
deborahwells, et. al.,
Just as an aside, it is againt the forum policies to cut and paste information from copyright sources…you can provide a link but, unless you have the release from the publisher, you cannot post the entire article in hte forum. If you do have the publisher’s release please indicate with the appropriate veriage (i.e., “© Smith Publishing, Chicago, IL. Reprinted with permission…” or words to that effect.)
I corrected your post with the hyperlink…
Keith
Moderator
That same article was listed in the Chicago Tribune. And it is true, many individuals were overleveraged a few years ago when the rates dropped. They bought on ARMS and those ARMS are now coming up. Their payments are skyrocketing and they can’t afford them anymore.
I am in Chicago myself.
yikes! sorry, I wasn’t even thinking. :-[ thanks for fixing it and not deleting it though. 
I’ll be more careful from now on.
Thanx…no harm/no foul…
Keith