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Is this a good time to buy a house in the city of Chicago, considering recent crime rate surge, bail reform etc?

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Kinda depends on your situation and where I Chicago.

I ended up moving away a few years ago but held off buying because of the property taxes and the general brokenness of the city, at some point residents will have to pay up when the city realizes it’s broke.

That said crime still is pretty manageable if downtown or Lincoln park etc. I’d be much more comfortable buying in the suburbs than the city right now, but still a crazy market everywhere that at some point might pullback.

If you think you want to be in Chicago for the long term anyways though go for it, long term might as well, don’t over analyze but buy well within your means…

Thinking of buying in Chicago as have no where else to park the money.

Real-estate markets (and crime rates) are very neighborhood-dependent. Chicago is a big city and crime is pretty localized. That shouldn’t be your reason for not buying, unless you can’t afford a neighborhood where crime rates are low (in which case, you probably want to look in the suburbs vs. the city itself).

I talked to Soloma realty when I was purchasing. They were knowledgeable in both city neighborhoods and know good burn areas.

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