By the end of next summer, I want to be living somewhere in downtown Chicago. Currently, I live in the suburbs and want to try something new for a few years. I'm 24 years old and I don't want to rent as I'd like to make some money on the place in this economy.
Now here's my question: where are good places to live in downtown chicago? I'm currently looking at Lakeview and Lincoln park areas as well as some lofts in the loop. Ideally, I'd like a loft looking place with a patio, but with my spending budget between 170k-190k, I don't know what I could get. I can put about 20-25k down for the downpayment.
Also, in this economy, how much do you think I could get the price down in chicago? I've heard I could get as much as 20k off, but I have trouble seeing that.
btw - I've been doing searching, so I'm not being lazy. I just don't know the best areas to buy for what I'm looking for and my price range.