Quote:
Originally Posted by the urban politician
I mean, history suggests that this is just not how things work in Chicago. If people can't find a home in X north side neighborhood, they will just keep going up the train/highway to the cheaper hood further along, rinse and repeat, until you're possibly way out in the burbs.
I hope I'm wrong this time....
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True, however commute times are very important for dual income families, the people buying these homes (millennials) have grown up in a more diverse world and housing prices have some inevitable ceiling on the northside where people will look for other alternatives.
We have already seen the beginnings of this type of shift in South Loop and Bronzeville. People realize you can buy a $400k SFH in Bronzeville, with a shorter commute than your $700k SFH in Ravenswood Manor.