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Old Posted Mar 25, 2021, 5:22 PM
ardecila's Avatar
ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 16,838
Quote:
Originally Posted by west-town-brad View Post
Feb 2021 was the strongest month in Chicago residential real estate in 16 years, so apparently people are willing to make that bet.

https://www.chicagobusiness.com/resi...ebruary-record
Yes, Covid has produced a boom in people looking to move from apartments into houses since they can't spend disposable income on travel and bars/restaurants. The condo market is still lukewarm.

Once Covid ends, things should go back to "normal" but if we get a rent control ordinance it will seriously impact our rental market which currently produces plenty of mid-priced housing. That affordable housing market is a big part of what makes the city a draw for talent. It's certainly not our natural beauty, climate, or dominance in a particular industry...
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