Seven Measurements That Will Help You Choose the Right Apartment

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People who are feeling some sort of extreme emotion generally do not make good financial decisions. This is why you shouldn't go grocery shopping on an empty stomach. It's why the worst types of lawyers chase ambulances. It's why stores like invest huge sums of money into detecting when their customers are going through major life changes like the birth of a child, a graduation or a retirement.

Choosing a place to live is a decision that is often emotionally loaded as it is, and techniques used by real estate agents to market a property are designed to dampen any logical thought processes you may bring to the table. But housing is a huge financial investment. The choice of housing should not just be based on emotion but with logical thought towards your safety, your comfort and your bank account.

Even if you're normally an emotional decision maker, you need to make sure that when you view an apartment that you are looking with your head as well as your heart. Today's apartment viewing technique for renters will reset your emotions for every apartment showing. It will ensure that you are approaching every showing with the same amount of thought and clarity no matter how your day has been or who is with you.

All it takes is a measuring tape and seven measurements. Of course, these measurements will give you some nice numbers, but the process of actually pausing to reel out the tape will lead you to think about some important details that you should be noticing beyond feet and inches. You could use other metrics instead, but I've found that a measuring tape is a cheap, portable, and neutral way to show an agent that you're serious about the task at hand while not seeming hostile.

Here's what to measure.

1. Freight elevator or Stairs

Why? It makes you think about getting in and out. A common reason why people get off to a bad start at their new apartment is the sheer horror of moving in. Carrying all your stuff in and out is hard enough without any of it getting stuck in the stairs or the freight elevator.

But apartment building traffic routes are not just a "moving in" kind of thing. They're something you will deal with every time you leave, every time you come home, every time you walk the dog, head to the laundry room or bring in the groceries. It's also something that you'll definitely encounter in case of a fire. Lobbies may be pretty but once you move in you'll probably come and go through the back door quite often. Might as well see what that back route looks like.

Measure this: If the building has an elevator, get the width of the doors. If not, go to a corner of the stairs and measure the shortest distance from wall to wall (or floor to ceiling). Continue reading Seven Measurements That Will Help You Choose the Right Apartment

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Kay Cleaves

Why Are There No Mobile Home Parks in Chicago?

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A recent guest of mine in from out of town commented to me on the absence of trailer parks in the city. This remark brought to the forefront a topic that I've been meaning to discuss for some time.

Manufactured housing. Modular housing. Container homes. Mobile homes. They all have assorted differences but they have two things in common. The first is that they are constructed in factories somewhere other than the land they're intended to occupy. The other is that they are very, very scarce on the ground in Chicago. In any other city a blog about rental housing would spend a whole lot of time talking about mobile home parks but we've barely touched on them at all because there's really no overlap between mobile home renters and Chicago renters.

There is one mobile home park in Chicago. It's located at 4000 E. 134th Street on the far south side smack up against the border of Indiana and it's called Harbor Point Estates. There are plenty in the neighboring suburbs, though. In fact, one of the worst airplane crashes in Chicago history occurred in 1979 when a DC-10 taking off from O'Hare landed on a trailer park in Des Plaines, just a few miles from the airport.

The simple reason behind the absence of trailer parks in Chicago is something called "highest and best land use." The more complicated reason is also "highest and best land use." So of course we must explain things in more detail. Continue reading Why Are There No Mobile Home Parks in Chicago?

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Kay Cleaves

The Chicago Renters’ Guide to Window Air Conditioners

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It's Friday, right? I got the publication date right this time? Great!

So it's May. Chicago residents may have noticed a marked change in the weather recently. The outside temperatures shot up by about 20F degrees this week with an accompanying increase in humidity. If you're one of the many renters living in buildings with central air conditioning, good for you. This is not your article. This one is for those renters who have moved into vintage apartments without central AC since the end of the summer last year. You guys probably spent the last 48 hours or so contemplating how to install a window air conditioner. Here's what you need to know.

Do You Really Need AC?

While in record years the high temperatures in Chicago have capped out at about 111F degrees, the average high even in midsummer is somewhere in the 80s. That's really not all that bad, and in other areas of the country it's downright chilly. The difference here is our high humidity, which in turn creates high heat indexes - that means it feels hotter than it really is. Continue reading The Chicago Renters’ Guide to Window Air Conditioners

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Kay Cleaves

IHS’s State of Rental Housing in Cook County: What Chicago Renters Need to Know

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As stated in last week's article about EvictionLab, the month of April has seen two big releases of data from housing focused think tanks around the country. Last week we covered one, and as promised, this week we will look at the second, the "2018 State of Rental Housing in Cook County" released by DePaul University's Institute of Housing Studies (IHS). Unlike the EvictionLab website which provides mostly data with little commentary, the IHS report provides mostly text-based analysis with some charts and maps as side illustrations. However, as it is focused entirely on Cook County it may be more relevant to the interests of Chicago renters.

We stated last week that we would look at both data releases using the same article structure. Below you will find that we have indeed viewed the IHS release through the same lens that we used for EvictionLab.

Who is the Institute for Housing Studies?

Based out of the DePaul University School of Business's Real Estate Center, the IHS is a combination of think tank and graduate/doctorate level research facility focused on housing and real estate including residential and commercial property, both purchased and rented. The staff of IHS is a combination of full-time administrators and students of the Business School. A glance at their original 2009 site on archive.org shows that out of the original staff, only Research Director Jin Man Lee remains. The rest have been replaced by new experts and students, as can be expected for an academic group.

While the newer EvictionLab is based out of the department of sociology at Princeton's grad schools and therefore approaches research from the perspective of sociology and public policy, IHS is more established and rooted in economics, real estate and finance. The difference between the two groups can be clearly seen in their respective websites. EvictionLab is flashy and modern, full of sliding panels and animated maps, designed for mobile access and easy consumption by media outlets. IHS has a more conservative and traditional website although their data is still quite valid. Continue reading IHS’s State of Rental Housing in Cook County: What Chicago Renters Need to Know

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Kay Cleaves

Eviction Lab: What Chicago Renters Need To Know

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Hey folks! We're back! Sorry about the lack of article last week. When my computer failed on Tuesday the 10th I figured that I would be able to have it back up and running by the weekend, with enough time to create an article for Monday the 16th. Unfortunately a missed FedEx delivery meant that I was, in fact, offline until Tuesday the 17th, at which point I had to start working on this article here. C'est la vie.

While I was away, not one but two major housing research organizations dropped some pretty major reports on us and my mailbox exploded with people linking me to either the New York Times article on Eviction Lab or the 2018 State of Rental Housing in Cook County from DePaul's Institute of Housing Studies. We're going to be looking at both of them over the next two weeks, starting with Eviction Lab. In fact, since they arrived so close together we will be using the exact same format to examine each.

Who is Eviction Lab?

Way back in 2014 I received an email from Matthew Desmond when he was at Harvard University working on a thesis about evictions in America. He asked me for some data I had purchased from the Cook County Courts for an article in my old, dearly departed real estate blog. I provided it to him. His thesis went on to become the Pulitzer Prize winning book "Evicted: Poverty and Profit in the American City." Desmond is now helming the Princeton University team behind Eviction Lab. They've got a heck of a lot of funding and some very smart statisticians and housing research gurus on the team. Continue reading Eviction Lab: What Chicago Renters Need To Know

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Kay Cleaves