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Old Posted Aug 13, 2021, 2:57 PM
marothisu marothisu is offline
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Join Date: Dec 2012
Location: Chicago
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Quote:
Originally Posted by LouisVanDerWright View Post
Are you referring to Little Village? I didn't see LV on the list on the previous page...


BTW this is great data for me as an investor. It proves that these downtrodden areas can turn around and become attractive to new residents and it proves my point that Chicago is not shrivelling like a raisin in the sun after all. People want to live here. People even want to live in "those areas", all we need to do is build it and they will come.

At some point the outside world is going to catch on to what is going on in Chicago. At some point people are going to realize this is the only great city on earth with abundant vacant proeprty near it's core. Hopefully Chicago is ready for the influx by then and prepared herself in such a way that those who have been historically systematically excluded from the benefits of landownership are best positioned to reap the rewards of this country pulling it's head from it's ass about our city.
I hate to dwell on media, but part of the reason is because most media is too naive to realize that interesting even positive things can be going on in a place with supposedly stagnant or reducing population.

As we see though - it's not true. Chicago gained population and the lakefront areas for 20 miles gained 100,000 which has become a badge of honor so far for this census for cities.

South Lawndale actually lost the most people of any community area according to the data. I calculated it last night but didn't post more. Basically the areas that lost people were around Englewood, West Englewood, Auburn Gresham, Roseland, South Chicago, etc as well as Austin, Lawndale, Garfield Park, Humboldt Park, and Lower West Side. Also a few NW areas like Portage Park and Belmont Cragin lost people while places like Jefferson Park, Dunning, and Montclare gained.

I'm just guessing by my own data that in 5 years or so areas like Portage Park might reverse this trend. They have been hot since early this year for property purchasing. We'll see though.

And as TUP indicated..imagine if there was better investment in some of these South and west side areas earlier and some things like safety could stabilize? Say what you will about Lightfoot but some of her initiatives are a very good thing for many reasons.

It'll be interesting to see how Chicago develops in the next decade. The growth is modest but thats because of only a small handful of community areas. If those were doing better,, Chicago would have probably gained 100K+ people instead.

In the meantime I'm basking in the fact that the data I've been collecting for years and telling people that there's more to what meets the eye about what's happening in Chicago is true.

The fact that the census says the city gained population is almost like a self fulfilling prophecy. A lot of people don't like to live in areas they think are in decline. Now people can see how the media has misused the prior estimates and see that actually no..Chicago is growing again and there's a reason why developers have poured billions into the city as well as suburbs.
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