Chicago home prices plunge and continue Alarming downward slide

"Looking to pack up and move out of Chicago? Well, unless you're a renter you might be out of luck. The Chicago real estate market continues to look pretty abysmal -- home sales were down a whopping 21.6% in October 2008 compared to the same month in 2007, and down 17.7% in the overall Chicagoland area" The average home price is now $225,000 in Chicago. ... [more]

"Looking to pack up and move out of Chicago? Well, unless you're a renter you might be out of luck. The Chicago real estate market continues to look pretty abysmal -- home sales were down a whopping 21.6% in October 2008 compared to the same month in 2007, and down 17.7% in the overall Chicagoland area" The average home price is now $225,000 in Chicago. http://chicagoist.com/2008/11/25/chicago_home_sales_prices_continue.php $225,000? Is Chicago really that undesireable? Houston is even more "upscale" than Chicago. What's Chicago like? It already sounds very scary just by watching the news. Isn't it the most dangerous city in the United States? Is it like a poor version in New York? [less]