Quote:
Originally Posted by IrishIllini
The condemnation of gentrification is mostly lip service since it’s clear the city doesn’t having a housing or affordability issue.
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I think everyone here is missing the forest from the trees. At a macro-level, there isn't an affordability issue in Chicago as shown by citywide rents versus incomes. However, when we start looking at the actual things that impact where people live (transit, crime, schools) we add more dynamics. Transit access and crime have been mentioned in this thread, but education may outweigh each of those concerns (speaking as a parent).
A 25 year-old recent college grad or a doctor on residency has more flexibility than a family of 4 with total household income of $70k, well higher than the city's median of $52.5k. I would be interested in seeing the median rent for a 3 bedroom (a family of 4) apartment located within the boundary of school rated 6 or higher.