Posted Mar 25, 2021, 6:50 PM
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look at us still talking
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Join Date: Jun 2018
Location: Loop, Chicago
Posts: 6,569
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Quote:
Originally Posted by ardecila
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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Have rents even been going up anywhere faster than would be allowed by rent control? I guess probably edge areas that turn from rough to desirable maybe...
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And here the air that I breathe isn't dead.
All you need is a modest house in a modest neighborhood, in a modest town where honest people dwell.
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