Quote:
Originally Posted by Crawford
But that makes sense. Why would LA have average U.S. prices? Does London have average UK prices? Paris have average French prices? Of course not. The biggest urban centers are almost always much more expensive, because they're much more desirable and have much better job markets.
And the average U.S. home isn't a 3 bed/3 bath, minimum 2,000 ft. Such preferences would put you above the national median even in Bumblefunk, Alabama.
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Chicago is sort of a unicorn in this sense. It’s affordable with a strong job market and has world class amenities. It’s affordable largely because it’s dense with viable transit, flat as a pancake, and unobstructed on 3/4 sides.