Chicago-area home prices rose 7.7% in December, a dramatic gain but smallest among big cities – Chicago Tribune*

“These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes,” said Craig Lazzara, global head of index investment strategy at S&P DJI.XX. But he said it was unclear whether the trend would last.
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Ambiguous End
5 years ago

It might not be wise to believe that the Governor’s newly signed into law “criminal justice reform” HB 3653 will do anything to appreciate Chicago property values. Trashing the rule of law will only invite more crime, while encouraging productive tax payers to flee. Prepare for further real equity shrinkage coupled with rising taxes and devaluation of currency. “You will own nothing, but you will be happy.” Nuh huh.

Last edited 5 years ago by Ambiguous End
debtsor
5 years ago

“But he said it was unclear whether the trend would last.”

Clear to the rest of the country but unclear to him. Uh huh. What mix of properties is in your portfolio, boss?

Last edited 5 years ago by debtsor

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