Quote:
Originally Posted by Steely Dan
Keep in mind that the vast majority of those sub-$100K homes in Chicago are located in areas that most people in Austin or Denver would not ever dare to live in <Bang! Bang! Bang!>
A tale of two cities through and through.
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I'm not even talking about properties that cheap.....
I'm talking about the $100-$350k range. There's a TON of stock... In the nice parts of Chicago, and they are nice properties. From my Denver lenses, that's insane considering the median house price there is now >$600k and inventory is basement levels.
Yes, taxes are higher, but still.... it continues to blow my mind. I really feel like at some point, the tide is going to swing back towards places in the rust belt just because the economics will justify it for people. These "hot" cities are increasingly expensive, and not worth the price of admission for many people.