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Originally Posted by the urban politician
^ None of this changes the fact that Chicago's (and other big urban cities') overwhelming swagger over their suburban hinterlands that reached a crescendo in early 2020 will probably not come back.
Prior to the pandemic, particularly after the 2008 housing collapse, Chicago was booming at the expense of the suburbs.
But now, due to WFH snowflakery, the suburbs have been given a major shot in the arm even as Chicago recovers from the pandemic. It won't be a return to previous times where suburban homes were languishing for years and selling at a prices below what they went for 20 years ago, because all of the action was in the city and you had to be there if you wanted to be part of the booming economy.
It's a new norm in which both the city and suburbs are in a bit of a new equilibrium.
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A shot in the arm, but has marothisu as highlighted, the suburbs aren't getting a boost at an expense of the city. Plenty of movement in Chicago real estate to quell fears that the city will empty out, in fact quite the contrary. Just because someone works from home a few days a week does not mean they suddenly crave the strip malls and ennui of the suburbs; anyone decamping for the suburbs was going to leave anyway. Good luck getting a new UofM grad to live in Libertyville just because their downtown commute went from 5 days a week to 3 days a week...
Quote:
Originally Posted by OrdoSeclorum
...literally the only people I meet who live in the suburbs are pleated khaki golfer-types, old people who think Olive Garden is fancy or people with kids who would rather be in the city.
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