Posts Categorized: Home Ownership Costs

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Comparing Assessments – Part III

As part of my ongoing rant about the high condo assessments in Chicago I’d like to revisit a topic I covered a while ago – what is the appropriate tradeoff between price and assessments? In that previous post I got into some fairly esoteric finance details about discounted cash flows and perpetuities that may have… Read more

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Comparing Assessments – Part II

Let’s assume that after adjusting for all the factors in my earlier post on comparing Chicago condos with different assessments you are still left with a choice between two condominiums that have different assessments. How do you then factor in that difference – especially if the condo with the lower assessments has a higher price?… Read more

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Better Electric? Not For Heating

A bit more than 20 years ago we bought our first home in Evanston – a condo with electric heat. After we got our first winter electric bill I knew we were in trouble. The cost of heating our 2 bedroom, 1 bath condo was so outrageous that I thought something was wrong with the… Read more