How Gentrification is Affecting Housing Prices in Chicago
Posted in
Chicago Real Esate, Chicago
on May 23, 2017
When a formerly depressed neighborhood suddenly becomes hot, rapid growth can transform an area almost overnight. But it can also bring expensive growing pains. Is gentrification making Chicago unaffordable? Gentrification can happen quickly. As higher-income buyers move into a growing neighborhood, the cost of living goes up. Rents typically escalate, forcing poor and working-class families […]
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