Quote:
Originally Posted by jtown,man
From my short time in Chicago I consider the Loop anything north of Ida B Wells. I hate crossing that street, the red light lasts forever.
I don't know if yall keep up with the market, but both condos and rentals are doing horrible in the Loop+South Loop+ Near North. I moved into a new place(half a block from my old place) and saved nearly 20% while getting a much better and bigger place.
Covid, new working arrangements, and crime have made this area less diserable. The whole "tale of two cities" is certainly still here, a simple crime map shows that, but its not like the central area isn't a hotbed of criminal activity too. How many folks are gonna say to themselves "lets move to a place where we can get twice as much home, less taxes, 90% less crime, and maybe be closer to family etc.?" Many. Sure, you lose the city assets, but at what costs should those be attained? The CTA trains are barely rideable, so much crime. The buses seem to be a bright spot right now, which is awesome, but still.
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Global pandemic lead to economic downturn, which lead to unbelievably high job losses, which historically has also ended up as a causative factor for increases in crime, and especially homicides. And this is happening in every major city in the country:
https://www.washingtonpost.com/crime...des-rose-2020/
There's no complicated calculus to any of this, not sure why people cannot understand this. As the pandemic subsides/vaccinations lead to measurable herd immunity, jobs will rebound, the economy will rebound (in addition to $2 TRILLION of capital that was frozen up during the pandemic being pumped back into the economy), and things will stabilize. The grass is green, the sky is blue, spring is just around the corner, and Chicago will thrive again. It actually really is that simple.