Wizardmarks writes:

"For some of them [neighborhoods], there are still big housing issues to be
dealt with--delayed
maintenance, particularly among seniors; rental housing that needs
assistance or encouragement or pressure, mostly for mom & pop duplexes
and triplexes...."

Vicky comments:

I've been told by two credible sources that mom and pop are actually
selling their properties to some cash-rich drug dealers from Chicago.  Mom
and pop get high prices for their real estate and the successful dealers
get a place from which to do business (they have found it increasingly
difficult to rent such locations.)

I personally wouldn't want to "encourage or pressure" these guys into
fixing up their property.  On the other hand, their presence pumps up real
estate values, thus property taxes.

More on this subject will be surfacing over the next few weeks, thus my
sources must remain confidential for now.  Keep an eye on your own
neighborhoods though - it might be happening right under your nose.

Vicky Heller
Cedar-Riverside and North Oaks


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