Tag Archives: chicago

Tales of “Woe” from Girls Who Date Bankers

My sister sent me a link to a New York Times article which I found as oddly addicting and bizarre as an issue of US Weekly. The article is called, “It’s The Economy, Girlfriend.”
The article highlights a group of twentysomething aged women in New York City who started a support group called “Dating a Banker Anonymous” and a blog. The women who started DABA noticed their romantic relationships with investment bankers and traders tanked with the economy. The women said that as the economy went down, the stock market shed points, and jobs were being cut on Wall Street their sex lives, gifts and date nights were cut as well.

Their blog is totally funny and addicting. Women write in to tell their dating stories and misfortunes of having their trips to foreign countries cut, their bottle service being eliminated and how sad it is that someone would want to move to the Midwest for a more affordable lifestyle. There is even a story that mirrors a segment that aired on Good Morning America yesterday which tells the story of a 24 year old girl who is dating a married millionaire who enjoys trips and designer gifts from her “sugar daddy.” When he is faced with having to eliminate 20 people at work, all of which have children to support, she whines that he isn’t getting her enough stuff anymore.

Although the stories are fun to read, they definitely make me question what was significant enough about these stories of “misfortune” and high expectations to make the New York Times?  While most of America is losing their job, their home and their retirement accounts, the New York Times is highlighting a tiny group of twentysomething ladies who are no longer receiving Louis Vuitton bags, bottle service, Manolo Blahniks and trips to Italy from their boyfriends. Seems out of balance. Apparently the public is ready for an escape from reality though, which might explain why these girls already got a book deal.

The concept that the DABA girls created is absolutely entertaining. Unfortunately, I don’t think it promotes financially savvy and independent women. Then again, the girls’ experiences of dating rich men was enough to get them a book deal and perhaps they can start buying their own Louis Vuittons now!

Buying Your First Home IS Really Possible!

Today’s guest post is by Eileen McAuslan, a friend of mine who is a Realtor here in Chicago. Eileen takes her career way beyond just showing properties. She explains the math, money, and market trends behind making that huge and scary home purchase, which is part of why I think she is fabulous! In this post, Eileen gives hopes to those of us who would like to buy our first home.

By, Eileen McAuslan

In addition to your resolution to get fit & eat healthier, if you don’t own your own home, why not add “save 11for a down payment” to your list of resolutions? Once you hear what I have to say, it might be a resolution that you actually keep! A smart, sexy, & savvy career girl should also know that there are many benefits to buying a home this year:

The IRS is offering up to a $7500 refundable tax credit for first time home buyers. You repay this as an interest-free loan over the course of 15 years and don’t have to repay it if you don’t sell the home for a profit! This is only good for home purchases through July 2009, though, so time is ticking! Click here for more info on this program.

If you qualify for an FHA loan, you only need a 3.5% down payment and interest rates are STILL LOW.

In many areas, median home prices are hovering around 2002 prices. 2002! That’s like zapping back in time to buy your home!

Prices have fallen but the supply is still out there! You’ll have plenty of places to look at and you can take your pick of the litter!

Now, I know, the big question on your mind is – how much is it going to cost me monthly when I own a home? Isn’t it cheaper to rent? Here is my answer based on the Lakeview area of Chicago761628505_7bb260107c_m – the area I am most familiar with but also a more expensive area than most non-metropolitan areas.

Here, you can buy a 1 bedroom condo for $200,000 or less.

Let’s say you get a 30 year fixed FHA loan at 6% on a $175,000 condo (you get a slightly higher interest rate for a FHA loan which allows for a lower down payment). You put down 3.5% or $6,125.

The monthly mortgage payment on your new condo including PMI will be roughly $1000.
Now, for the “extras”:

The monthly assessments are $150 and cover exterior maintenance, water/waste, lawn care, and common insurance.
Property taxes will be about $2500 this year.
Condo insurance will be about $300 a year.

All of this will cost you under $1500/month!

For someone outside of Chicago, that might sound pricey, but keep in mind that 1BR condos easily rent for $1500 or more in this area. And don’t forget, when you are paying down a mortgage, you are building equity – which you are definitely NOT doing when you rent.

This is just the beginning of all of the information there is to know about buying a home… attend my home buyer info session or contact me for more!

Tues Jan 27 at 6pm
1840 N Clark St. in Chicago

RSVP to the info session or contact me anytime at eileen.mcauslan@cbexchange.com.

Happy Househunting!

Eileen McAuslan is a Realtor with Coldwell Banker in Chicago and the author of the blog www.chiBLOGoillinois.blogspot.com. Check out her property listings at www.homehuntchicago.com.

Come to Chicago’s Crave Party Tomorrow!

Ladies, if you’re in Chicago and free tomorrow (12/9/08) after work please come to Chicago’s Crave party at the Chicago Cultural Center from 5.30-9.00. 

A Crave Party is basically a shopping event full of local female vendors and entrepreneurs.   It will be a great place to get your shopping done in once place while getting glamed up and staying green.  The event is full of awesome ladies like yourselves.  The $20 ticket includes:

-The opportunity to shop locally with 40+ Chicago boutiques, designers and spas
-A 1 year subscription to Time Out Chicago Magazine
-Complimentary Vitamin Water & Rain Organic Vodka Cocktails
-Complimentary Appetizers by Monogramme Events Catering
-Complimentary Photos in our CRAVE Photobooth by Photobooth Express
-Eco-Friendly reusable Yelp shopping tote (for the first 300 guests)
-Free Dove Chocolates
-Complimentary Manis, Facials and Acupuncture by Allyu Spa
-Complimentary Gift Wrapping

I will be working the event and hope to see you there!