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Originally Posted by the urban politician
^ I'm all in favor of a thriving rental market, but I would also caution against celebrating too early.
Most of this data is before the excessive fear around Delta's new wave having had its full effect, and Pritzker's warnings yesterday about "a new round of mitigations" for this never-ending nightmare of a shitshow.
So anything that restricts concentration of people into tight spaces will hit downtown first, especially as we hit winter.
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Landlords haven't gotten the memo yet. As my wife and I continue to look, we notice that prices at most places aren't dropping at all in downtown Chicago for apartments even relative to 1.5 months ago.
Part of me thinks it's landlords trying to partially make up for what they missed out on during the pandemic.