Meet George Thrush, Part 6 -- coping with the current market

Storied real estate developer George Thrush turns 80 in November. He's still active in 2 major projects, and still open to adding to the more than 50 developments he's undertaken in pioneering areas of Chicago.

Thrush sat down with YoChicago's Joe Zekas the other day to tell some stories, savor some achievements, and share some insights on emerging neighborhoods.

In the sixth part of a 10-part series Thrush offers more advice on how buyers can adapt to today's challenging market.

Category:

Travel & Events

Tags:

• Chicago
• neighborhoods
• George
• Thrush
• Fulton
• West
• Loop
• high-rise
• condos
• real
• estate
• development
• YoChicago

[YoChicago1]

Pay close attention - a 21 year old and a guy with an obscene name are sharing their accumulated wisdom on the housing market.

[YoChicago1]

Well, when you've done hundreds of millions of dollars in real estate deals and built thousands of homes over more than 40 years you learn a few things.

What's your track record, progmac?

[progmac]

There are no hard numbers, no statistical support, no evidence whatsoever to back up their blow-hard commentary (thanks ex-nnvmtgbrkr from hbb).

[damonbots]

"Everybody's talking about a credit crunch. I mean I don't know what the hell they're talking about"

This guy should be a stand up comedian! Keep on whistling past the graveyard. How are those sales doing?

Sinclair's principle:

"It is difficult to get a man to understand something when his salary depends on his not understanding it."

[anurhythm]

This video has no analysis, it's just opinions, and from builders no less. The suggestion that it's better to buy now when house prices are at an all-time high and declining because rates are going to go up in the future is absurd: if rates go up, housing prices will have to come down even further. Don't believe me? Check into the housing situation in California during the early 90s. It was a stinkin' bloodbath. And everyone mumbles about how "real estate can only go up."