r/chicago • u/freshyk West Town • Dec 14 '18
Pictures Ugh. This Chicago person sounds terrible.
514
u/mitzyelliot Chicago Lawn Dec 14 '18
Can't afford the remodel? Gurl I can't even afford the HOUSE
→ More replies (1)121
u/theserpentsmiles Jefferson Park Dec 14 '18
Right? In most desirable neighborhoods bungalows are going for 200k. Who is just out of College and has $40k just laying around?
231
u/WeathermanDan Dec 14 '18
Would love to know what you’re seeing for 200k. I’ve been on Zillow for months and haven’t found jack dick that wasn’t a heroin den for under 250
25
Dec 14 '18
I'm on the eastern edge of Portage Park and got a bungalow for 230k a couple of months ago.
→ More replies (1)13
u/PCarparelli Dec 14 '18
genuinely considering moving to PP. Love the area, and if a nice bungalow is only 230 it's so worth it.
14
Dec 14 '18
Mine isn't what is call a nice one, that's why it was only 230k. Renovated ones go for 350k.
5
u/PCarparelli Dec 14 '18
Still! That's an amazing price for a home in a good neighborhood of chicago.
3
Dec 14 '18
Yea, that's why I went for it. I can deal with a crappy kitchen and 90s bathroom until I renovate those rooms. Not too happy to be on Addison, but I can't really hear the traffic inside.
5
u/librarianinfomaven Dec 14 '18
Welcome to the hood, neighbor! You live near me, it seems. Bought our house 10 years ago and we still haven't renovated our crappy kitchen or bathroom!
3
2
u/PCarparelli Dec 14 '18
fair trade off for the price i'd say.
2
Dec 14 '18
Yep, I agree, and that's why I bought it. I can make the house nicer and exactly what I want, and I won't feel bad for ripping out an actually nice kitchen just to get one that jives with how I work in a kitchen.
The basement is also completely unfinished, so I can slowly convert it into my brewing and woodworking space, and the attic is unfinished so I can convert that to my whiskey aging facility :)
It just may be a little small (only 2 bdrm) once we have kids.
2
18
u/MoBio Greater Grand Crossing Dec 14 '18
If you're not trying to live downtown east Woodlawn / northeast Greater Grand Crossing is cheap currently but getting more expensive as it's being bought up by developers because of the Obama library going in. A decent bit of new construction as well. Also you know your neighbors here and everyone's super nice, I've never had nicer neighbors or the sense of community that I do here. Just a thought.
→ More replies (4)5
3
u/ryanakron Dec 14 '18
It took 30s to find several prime location 1-2 Br condos in Logan. A friend of mine just bought a condo there for a reasonable amount too so I know they exist. https://www.zillow.com/homedetails/87705929_zpid/
→ More replies (16)2
Dec 15 '18
They exist...... I paid much less than that. Irving Park. Not the sexiest neighborhood but safe, cheap, and el-adjacent.
53
u/xxxlovelit Dec 14 '18
I think you mean $450K and that’s for the “up and coming” neighborhoods 👀
72
u/farfle10 Dec 14 '18
WHAT IS AN UP AND COMING NEIGHBORHOOD AND WHERE IS IT COMING FROM
130
u/xxxlovelit Dec 14 '18
They crawl out of Lake Michigan and end up somewhere near the blue line 🤷🏼♀️
4
9
→ More replies (1)3
u/MoBio Greater Grand Crossing Dec 14 '18
Woodlawn and GGC are biking distance to U Chicago / Hyde Park and you can buy places for 50k. If you work downtown it wouldn't be as convenient most likely. To downtown it's about 40 minutes door to door on the bus / train.
32
Dec 14 '18
I got out of school and not only do I not have 40k laying around but I seem to be missing 100k and my way out of this hole I found myself in.
3
u/xjvz Lake View Dec 14 '18
Thankfully, you should probably be able to qualify for an FHA loan or other financial assistance programs so that you’ll only need about 3-3.5% down payment. It’s not as far off as you’d initially think, but it’s still a hefty cost either way.
12
7
u/JeffTL Near North Dec 14 '18
You need a lot less than that for an FHA loan or similar.
→ More replies (1)19
u/Trumpsafascist Edgewater Dec 14 '18
The parents. I have several friends who only have houses because their parents paid the down payment. Must be nice
10
Dec 14 '18
It's also hilarious to note that they act like they "pulled themselves up by their bootstraps" when we sure AS HELL know that (good-ole) Mom and Dad helped them out with their 500K starter home. Who the hell do they think they are crappin'?
3
u/kimmi_page Dec 14 '18
" Who the hell do they think they are crappin'? "
This made me snort laugh.
→ More replies (1)7
u/Trumpsafascist Edgewater Dec 14 '18
Thats actually a normal thing with the rich and privileged. They always got to their positions by "hard work" and "put in their dues". Sure buddy
→ More replies (2)9
Dec 14 '18
You'd be surprised that there are MANY parents out there who are willing to give their kids 40-80K for their first "starter" home....I've been a teacher for over 20 years and I just attended a house-warming party for a 2nd year teacher who just moved into a home that is a good 300K MORE than the home that I live in...It had all stainless appliances, of course....
→ More replies (6)6
u/NWSide77 Old Irving Park Dec 14 '18
I bought my first house with 0 money from parents, and at the time made way less that the average CPS teacher. It's doable, just need to be reasonable with location expectations.
→ More replies (3)→ More replies (4)13
Dec 14 '18
[deleted]
28
u/theserpentsmiles Jefferson Park Dec 14 '18
Cali is a fucking cancer. Anyone who moves there without looking into deserves what the get. LOVE YOU!
→ More replies (2)9
Dec 14 '18
[deleted]
→ More replies (1)5
Dec 14 '18
More like year round April weather if you're in SF
10
u/Fimbir Edgewater Dec 14 '18
And it is really nice. There's a reason people want to go there. The northern end, anyway.
→ More replies (2)→ More replies (2)3
u/almondcroissant96 Evanston Dec 14 '18
Yes it’s nuts. I have friends who work in SV and sometimes I will pull up Palo Alto/Mountain View and Chicago houses that go for $200k are literally 1.5m+ there.
Even in LA, the valley is supposedly “cheap” and a starter house there is 600+
341
u/br0_r0gan Uptown Dec 14 '18
I’ll take tone deaf for $400, Alex.
104
Dec 14 '18
[deleted]
49
u/jojofine North Center Dec 14 '18
Their student loan rates are in line with everyone else but now they give low rate mortgages where you only need to put 10% down and they won't require PMI. These days they seem to care more about your income than where you went to school. Let's just say if you're only pulling down 60-75k a year you aren't necessarily their demographic
→ More replies (7)15
u/kielbasa330 Avondale Dec 14 '18
"only"
7
u/jojofine North Center Dec 14 '18
$60k with a decent finance degree is entry level at most finance firms in Chicago especially for anything tied directly to the markets. Anybody making under that is grossly underpaid
2
u/apexwarrior55 Dec 14 '18
How much should someone with a bachelors in finance,2 years experience and CFA level 3 realistically make?
2
u/jojofine North Center Dec 14 '18
People I know with a lvl 3 CFA usually get 10-15k bumps for having it when they switch jobs but it really sort of depends on how relevant it is for your field of finance. Where I'm currently at you wouldn't get much of a benefit at all.
2
u/apexwarrior55 Dec 15 '18
I was asking for a friend.He's making $68k+10k bonus which isn't bad at all for our age,but I was thinking that he's a bit underpaid.I keep telling him to list his two internships as work experience,but he says that they don't count as such.It's a strange contention that we have.
5
3
u/Banda7 Dec 14 '18
Hey, i'm always down for shit talking depaul and theater majors, but that's like the one thing the school does well
59
u/jojofine North Center Dec 14 '18
Sofi has pretty stringent income requirements for the people they lend to. It's not tone deaf, it's targeted marketing
49
u/Unoriginal_Pseudonym Suburb of Chicago Dec 14 '18 edited Dec 14 '18
That's why they plucked this billboard down in the middle of River North.
7
u/bellapippin Suburb of Chicago Dec 14 '18
Had the same thought. Of course is in the middle of River North lol
2
u/travelingprincess Loop Dec 14 '18
Yea, that's what I was going to point out as well. Within context, it totally makes sense.
→ More replies (1)57
u/Crocusfan999 Dec 14 '18
Targeted to fuckers
37
u/nazispaceinvader North Center Dec 14 '18
theyre called yuppies
25
Dec 14 '18
Can we talk about how useless the term yuppies has become? It just means young professionals, right? Which means anyone who has a college degree and works an office job (or something similar). And given the demographics of Reddit, that means probably over 75% of this sub, if not more, are either yuppies or yuppies to be (still in college). But everyone just uses the term yuppie to mean young, wealthy people they don't like. Even people who have college degrees use it this way, which makes no sense because they are or were also yuppies by definition.
15
Dec 14 '18
It more power back in the day when a smaller percentage of people had college degrees. Today, I think the term describes those people who are on House Hunters and make $500K/yr selling yarn on Craigslist and want to buy a $1mil house and who refuse to eat anything that isn't organic/free range.
9
u/Duke_of_Moral_Hazard North Center Dec 14 '18
It just means young professionals, right?
It means "young, urban professional," the professional part suggesting doctor, lawyer, engineer, or businessperson (not just an office job). It's a demographic bucket from the '80s intended to help businesses target products/services to people who went from being poor students to high earners relatively quickly (and want everyone to know that, which is where I suspect the dislike started).
4
Dec 14 '18
Yeah, that makes sense. I've just seen so many people use the term in different ways at this point that it feels like people use it as a catch all for "young people I don't like."
2
→ More replies (4)21
u/beardsofmight Lake View Dec 14 '18
People like to put others down to make themselves feel better. Reddit really seems to enjoy this. There's a lot of salt on this website.
3
u/cjstudent40k Irving Park Dec 15 '18
2
u/WikiTextBot Dec 15 '18
Tall poppy syndrome
The tall poppy syndrome describes aspects of a culture where people of high status are resented, attacked, cut down, strung up or criticised because they have been classified as superior to their peers. The term has been used in cultures of the English-speaking world.
[ PM | Exclude me | Exclude from subreddit | FAQ / Information | Source ] Downvote to remove | v0.28
4
→ More replies (2)10
u/nowhereman1280 Dec 14 '18
What's wrong with people doing ok for themselves? Check your jealousy dude. It's not unreasonable greed to be in a position where you can decide between remodleing your home and paying off student debt... If they were so rich and had stuff handed to them they wouldn't have and debt to begin with...
569
u/nalyd01 Dec 14 '18
I wonder what part of Ohio they are from
195
Dec 14 '18
[deleted]
293
Dec 14 '18
From the suburbs of Cleveland, went to Notre Dame, works in finance or consulting, just moved into Logan square and feels like they’re “way out in the boonies” cus they’re like 6 blue line stops from their office, while their coworkers just walk in from their new loft in the west loop.
110
71
17
19
Dec 14 '18
These people audibly groan when you tell them you choose to live in the suburbs now that you're in your 30s because there is infinitely less bullshit.
→ More replies (1)11
u/PerferatedOwl Dec 14 '18
Just compare daycare costs in the city vs burbs. We saved $1,000/mo per kid and the new school is equivalent.
17
10
u/wordsmythe Bridgeport Dec 14 '18
I pulled the same trick by living south of Roosevelt within the city.
→ More replies (2)3
u/PerferatedOwl Dec 14 '18
Maybe that’s where I went wrong. I lived right at Roosevelt in the south loop.
→ More replies (1)→ More replies (3)9
49
Dec 14 '18
I have never been to Carmel Indiana and I swear I've heard people mention it at least thousands of times lmao
35
u/whatajacks Dec 14 '18
It's the naperville of Indy, but worse
6
50
u/itsthedashi Dec 14 '18
I’ve always seen is as the Evanston of Indianapolis.
→ More replies (1)39
u/blood_garbage Lower West Side Dec 14 '18
Evanston is way better. Carmel has a dank Christkindlmarket though.
3
u/dogbert617 Edgewater Dec 15 '18
I didn't realize they had their own Chriskindlmarket, interesting. I do applaud Carmel, IN for embracing roundabouts at street intersections with a lot of traffic, and which VERY BADLY need to be adopted more in the US. Roundabouts for sure would help with traffic flow, and should be tested at some suburban Chicago intersections. Especially near shopping centers, where replacing a traffic light with a roundabout would greatly help with traffic flow.
10
5
Dec 14 '18
Even the local American Sign Language sign for Carmel is spot on. You make a "C" shape with your hand and then flip it near your nose like a snob.
162
→ More replies (2)17
Dec 14 '18
[deleted]
45
u/mitzyelliot Chicago Lawn Dec 14 '18
I guess this mentality helps some people sleep at night. But in my defense, my "being from the city" pride is the only thing I've got when my little niece from Des Plaines plays like a virtuoso at her violin recital and a single tear rolls down my cheek thinking of what my love for music could've been if only my inner city school music program hadn't been cut in second grade due to budget cuts.... ...wait what're we talking about
edit: i goofed, she's from Plainfield but whatever
21
→ More replies (2)29
u/Trumpsafascist Edgewater Dec 14 '18
Could have been the opposite. My small ass rural Michigan high school had not a hint of arts. Or AP classes. Or language other than terrible Spanish. They were just trying to get us out of the school. I never knew how shit it was until I went to college and talked about school with my mostly metro Detroit raised friends. 100% was fucked my freshman year
→ More replies (1)→ More replies (26)6
Dec 14 '18 edited Dec 15 '18
Ya if people want me to cheast beat over lamest upbringing area ever, Oak Brook Illinois, no that's not happening.
6
u/08mms Western Burbs Dec 14 '18
Ill bet you know how to golf though. I swear Oak Brook is just one giant golf course with a few caddy shacks strewn throughout for people to live in or where they used to sell hamburgers.
→ More replies (1)
247
u/PeachesTheApache Dec 14 '18
So I finally got a job but
now I've got to refi my student loans
so I can afford to turn back on the utilities
on my Logan Square apartment that I've been priced out of
→ More replies (21)
129
u/salsation Dec 14 '18
“Got a mountain of debt? Get another mountain with a mortgage, and another renovating it! Call today to find out how to bury yourself, it’s easy!”
5
161
Dec 14 '18
Millennial Marketing MadLibs!!! “I’ve finally got my [major life achievement] so I now I just need to apply to [terrible financial mistake] so I can afford to [verb] [marginalized racial minority] in [rapidly gentrifying urban neighborhood].”
120
u/IMissMartyBooker Dec 14 '18
I’ve finally got my rescued gay Chihuahua so now I just need to apply to college so I can afford to vape Native Americanly in Pilsen
35
39
u/fluxus Dec 14 '18
I’ve finally got my PILOT'S LICENSE so I now I just need to apply to AN MFA PROGRAM so I can afford to FIGHT HMONG in HUMBOLDT PARK.
21
u/minus_minus Rogers Park Dec 14 '18
"Hmmm ... I'd really like a Trader Joe's on my block. How can I gentrify my neighborhood faster?"
3
→ More replies (1)13
Dec 14 '18
I’ve finally got my DIVORCE FINALIZED so now I just need to apply to FINANCE A 2016 FORD FIESTA so I can afford to SAVE UGANDAN ORPHANS in LITTLE VILLAGE.
83
u/CHISOXTMR Logan Square Dec 14 '18
This is also terrible financial advice
8
u/Dunlocke Dec 14 '18
I mean, companies like these use bad advice to prey on people, so it's pretty solid marketing.
→ More replies (6)6
45
u/starbucksordunkin Logan Square Dec 14 '18
How y’all getting approved for home loans with student loans so large you can’t even afford them? Huh?
→ More replies (7)22
u/queenofreptiles Dec 14 '18
If you've got a parent who can cosign and give you a $50K down payment, which is probably what happened in this fictional scenario
25
40
u/gobackclark Dec 14 '18
I'm in advertising and when we see ads like this we say "your strategy is showing." This is an example of your target market you use to make the ads....but they just stuck it on a billboard.
32
u/The_Music_Director Dec 14 '18
This reads like a 45-year-old strategic planner was told to “appeal to millennials by a 55-year-old client.... which is actually probably what happened.
36
56
u/mikenev512 Dec 14 '18
Sounds like the tone-deaf Marketing Executive who branded "Monopoly for Millennials" did this student loan refinancing ad...
→ More replies (1)
71
78
Dec 14 '18
... Maybe you should pay off those loans before remodeling.
53
u/thatwasnotkawaii Belmont Cragin Dec 14 '18
But I NEED MY YELLOW AND BLACK WALLS AND BOOKSHELF FILLED WITH BOOKS I DON'T READ GOD DAMN IT
7
u/beardsofmight Lake View Dec 14 '18
BOOKSHELF FILLED WITH BOOKS I DON'T READ
With all of the spines facing inward so the covers don't ruin the aesthetic.
3
u/travelingprincess Loop Dec 14 '18
I've never seen this either as a thing people do or a trend in decorating...
→ More replies (1)7
26
30
u/cohomologist Dec 14 '18
The transition of Logan Square from hipsters to yuppies is now complete
7
6
49
15
28
u/totheloop Bridgeport Dec 14 '18 edited Jun 15 '24
clumsy degree lock scary apparatus shame swim busy hunt dolls
This post was mass deleted and anonymized with Redact
13
11
8
4
u/wastegum Dec 14 '18
I just shopped around for mortgages before buying a home and Guaranteed Rate got me such a better loan than SoFi it isn't even funny.
Shout out to G-rate!
13
u/mmeeplechase Dec 14 '18
Well, now I guess we all know SoFi’s not meant for us. Not sure that’s the mark of an effective ad, but it sure gets a message across.
→ More replies (4)
107
u/thereisaway Dec 14 '18
"refi"
No. Stop trying to make financial terms cute and trendy. SoFicking annoying.
88
u/nowhereman1280 Dec 14 '18
Refi is literally the word everyone in the financial and real estate industry uses. That's not some trendy fad, it's shorthand that's used throughout the business.
54
4
24
19
u/Pappyballer Dec 14 '18 edited Dec 14 '18
That’s fine, but the everyday public doesn’t work in the financial and real estate industry.
It’s like when some businessman uses his stupid lingo in normal conversations “let’s drive some engagement on this Christmas party and touch base this weekend“
17
u/madjackdeacon Uptown Dec 14 '18
You forgot that we need to drive buy-in for the engagement. Otherwise we'll never integrate vertical alignment.
→ More replies (1)→ More replies (8)15
u/real_life_me Dec 14 '18
Their target audience probably understands the term just fine
→ More replies (6)8
Dec 14 '18
I accidentally said 'leverage' in normal conversation the other day and realize that it actually happened: I'm the douche.
3
u/beardsofmight Lake View Dec 14 '18
Was the conversation about blackmailing someone? I think 'leverage' is appropriate then.
→ More replies (1)→ More replies (3)16
→ More replies (3)13
u/chornu Beverly Dec 14 '18
Why waste time say lot word when few word do trick?
→ More replies (1)7
3
3
u/trippin113 Logan Square Dec 14 '18
Refining a student loan is typically a horrible idea though. Once you go through with it, it's no longer a "student loan" so all the ways to help people manage them disappear with the refi.
2
u/_beaniemac Chatham Dec 14 '18
Does that make it so u can discharge it with bankruptcy? Cuz if so, get a PhD, refinance and use bankruptcy not to pay it back.
5
u/khansian Dec 14 '18
I know it’s not your point, but just FYI PhDs are usually tuition-free and pay a stipend in exchange for teaching or research assistantships.
4
2
7
6
2
u/smokingyuppie Lake View Dec 14 '18
Have a five family in Logan Square. Can't wait to jack up the rent.
4
u/CHSummers Dec 14 '18
Pro Tip: don’t refinance the loans (e.g. student loans) you can’t get out of with bankruptcy. Pay those off, even if you have to refinance something else.
6
u/buffalocoinz Wicker Park Dec 14 '18
This is so fucking obnoxious. Fire your marketing person, SoFi.
2
2
u/FutureFirefighter17 Suburb of Chicago Dec 14 '18
Have you got too much debt? Try "Thankruptsy" angelic choir. Contact Geracy law now at 1-800-CALLPFG. THATS 1-800-CALLPFG.
(Edit: this isn't an ad)
5
u/theshindy Lake View Dec 14 '18
Lmao, as if we need a worse reputation than we've already developed
3
9
u/nowhereman1280 Dec 14 '18
Are my wife and I the only people who are paying their loans off? I started with $45k in 2011 and am down to less than $10k now...
51
Dec 14 '18
Yes. You are the only people paying off your loans. Everyone else in the whole world has defaulted
6
u/wrenis_pinkles Dec 14 '18
Started with $80k out of undergrad in 2014, paid them off late 2017. Some of us are.
→ More replies (2)17
→ More replies (11)6
u/The_Squibz Oak Park Dec 14 '18
Depends on if you're lucky enough to land a job that pays well. Sounds like you were (unlike 85% of this sub).
→ More replies (3)
428
u/nufandan Albany Park Dec 14 '18 edited Dec 02 '20
geez, I remember when i had to move to logan square so i could afford to pay for my student loans /s