The average rent paid in Chicago was $2,904 this past June, 19.46% higher than in June 2021, according to the report of the 100 most expensive cities to rent an apartment compiled by Rent, an online search engine for rental housing nationwide. Chicago was the only city in the Midwest to make the top 100.
Rent is rising due to inflation, illegal immigration, and, because of artificial demand. Many, many deadbeat renters were …ahem…asked to leave their current apartments after the covid moratoriums ended, and it became a game of musical chairs for new apartments. The surge in demand landlords are seeing are simply rearranging the deck chairs on the Titanic, and it works it way up from the cheapest rentals on up.
Agree- there is cash supporting the illegal immigration game here. Headquarters are leaving. Stores are closing. The census shows people moving out yet rents are going up? The only thing that brought people to live in Chicago was the late night flights from the border.
Inflation is part of it yes. Actually this about getting the wagey back in the cagey. The wage cage keeps everything running. The wage cage keeps people from having the time to protest the government or even open their eyes to see what the hell is going on. Wagies to the cagies!
Old Joe
3 years ago
Just hold on Chicago renters. I expect in the near future rental prices will sink below Detroit levels.
Don’t like renting? Move to Detroit where you could buy a house at one time for a dollar.
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.
Rent is rising due to inflation, illegal immigration, and, because of artificial demand. Many, many deadbeat renters were …ahem…asked to leave their current apartments after the covid moratoriums ended, and it became a game of musical chairs for new apartments. The surge in demand landlords are seeing are simply rearranging the deck chairs on the Titanic, and it works it way up from the cheapest rentals on up.
Agree- there is cash supporting the illegal immigration game here. Headquarters are leaving. Stores are closing. The census shows people moving out yet rents are going up? The only thing that brought people to live in Chicago was the late night flights from the border.
Inflation is part of it yes. Actually this about getting the wagey back in the cagey. The wage cage keeps everything running. The wage cage keeps people from having the time to protest the government or even open their eyes to see what the hell is going on. Wagies to the cagies!
Just hold on Chicago renters. I expect in the near future rental prices will sink below Detroit levels.
Don’t like renting? Move to Detroit where you could buy a house at one time for a dollar.