Diedre, Other/Just Looking in Mcguire, Richmond, VA

Is Oak Lawn,Il property values recession proof?

Asked by Diedre, Mcguire, Richmond, VA Sat Aug 18, 2007

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Hi, , Virginia
Sat Mar 29, 2008
recession proof
doubt it

anyways

good luck
0 votes
Ekerry.com, , Wheaton-Glen Ellyn
Fri Mar 28, 2008
Grew up in Oak Lawn the long and short of it is NO. OL is suffering big time right now. Prices are down and sales are flat. Go in low with your offer. Cheers!
0 votes
eMarket Real…, , Chicago, IL
Sat Aug 18, 2007
nothing is recession proof
0 votes
Ruthless, , 60558
Sat Aug 18, 2007
NO. But that's not to say that it is not a good buy. I just did some research for another poster because Mt Greenwood is near there. Take a look at my post there: http://www.trulia.com/voices/Home_Buying/Should_i_buy_my_fir…

One of the things with Oak Lawn is that it is so big that internally and surrounding areas are both increasing and decreasing. There are brand new million dollar homes going up but there are also neighborhoods with tiny lots and 2 bd/1 bth homes.

In general, Chicagoland is down to earth with lots to offer. You don't see high and low swings creating a bubble that could burst. But you do see changing neighborhoods which affect value.
I hope this helps.
Ruth
Web Reference:  http://www.oak-park-il.com
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