Home prices have been slow to rise for a decade. Here’s why that’s not all bad. – Crain’s

Comment: Some economist actually said this: “I don't think people would feel poor because they bought a house in Chicago ten years ago, and not in San Francisco,” where prices all but doubled during the decade, Lazzara said. The Chicago homeowner should feel rich, “because they can get so much more home for the money.”
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mqyl
4 years ago

As I said in an earlier comment, you’d have to buy a house in the Chicago area for $0 to avoid the purchase being a very negative financial investment over time. Even then, eventually it would be a negative investment, but at least the $0 purchase buys you some years of financial well being. Of course, the problem is that houses aren’t selling for $0 (yet).

Joe Blow
4 years ago

Things are affordable for a reason, I’m sure you are all smart enough to figure out why.

debtsor
4 years ago

I don’t to sound crude, but that ain’t yellow rain running down my leg.

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