-- Connecting the dots between our economy, government and business --
Chicago tripling the nation's home price growth is the main takeaway from Crain's monthly dip into the real estate data. Chicago's strong housing market when others are weakening is the other side of the coin from the 2010s, when local home prices here grew at about half the speed of the nation's.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Chicago is quite affordable compared to other major cities. Even with everyone moving out of the state, demand remains steady and prices continue to rise despite all the people telling you the sky is falling. Chicago’s death has been greatly exaggerated.
Home prices are rising at more anemic rates than they had been. That Chicago’s are rising faster would have been a prize six years ago but is less so now. With every utterance by your dear leader, JB the Hutt, 50 more Illinoisans leave for saner locales.
Outrageous housing prices do not a good city make. San Francisco, anyone?