Residential Real Estate in your city

[digitallagasse]

I can speak as someone looking to move from Sun Belt sprawl to urban Chicago at middle income as a family of 4. Yes the house values of my suburban house are increasing far faster than houses in urban Chicago but I doubt in my lifetime the area I live now will ever become a walkable mixed use area. I can afford to buy a condo in a three or six flat building in a place like Logan Square or a SFH out in a neighborhood like Jefferson Park. With Jefferson Park being suburban but great connections deeper into the city. That and I like the design of how neighborhoods such as this were built. Outside of say Philly I couldn't afford to buy into such neighborhoods in other higher tier older urban cities. Well least not into neighborhoods that are not very high crime. Yes it would be great to be able to buy into a property I could afford and that would also increase nicely in value. The problem is the places that is happening I can't afford the cost of entry in the first place.

Even if I purchased a home in Chicago and it didn't increase in value as fast elsewhere I will of still gained a lot. In the sun belt now car ownership is a must as other options or terrible or non-existent. In say Logan Square the family could get by with a single car as a luxury and could comfortably get by without even having a car. Walking, biking and transit all being very viable. I frankly rather walk and bike around than drive. That further comes with the added benefit of healthier living. So the property my not be increasing Sun belt fast but black hole of car ownership is greatly reduced or eliminated.