🏠 Chicago Housing Affordability

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55th Edition

📍 This Week’s Lineup:

🏠 Chicago Housing Affordability

📊 Chart of the Week

📆 Events Around the City

🔙 Previous Editions of the Driver’s Seat

Before we dive in, check out a video I made on how Illinois will solve America’s compute problem:

🏠 Chicago Housing Affordability

Chicago Through the Years

  • Since 1970, Chicago's affordability metric has only increased by 33%, from a multiple of 2.05 to 2.72, indicating a comparatively mild increase in housing costs. The affordability metric is the ratio of income to home price.

  • In comparison, LA has experienced a 245% increase in its affordability multiple, rising from 2.22 in 1970 to 7.64 in 2022.

  • Among the nation’s 10 largest cities since 1970, Chicago has shown resilience amid nationwide skyrocketing housing costs.

What This Means

The stability in Chicago’s affordability ratio suggests that our housing market is less prone to extreme bubbles and crashes, which contributes to the overall economic stability of our city.

📊 Chart of the Week

Everything comes in and out of Chicago.

All rail lines converge from the central point of Chicago, proving that our city is an essential part of the national transportation infrastructure.

Last August, Amtrak and the city of Chicago submitted a $1B bid for the Chicago Hub Improvement Program, which will revitalize Union Station and reinstate the primary Chicago-Detroit line.

🗺️ Events Around The City

Monday Morning Run Club

  • Hosted by DripCo

  • Monday

  • RSVP

Chicago Climate Connect

  • Hosted by CCC

  • Wednesday

  • RSVP

Founder House Spring Kick-Off with Inside the Loop

  • Hosted by Founder House and ITL

  • Thursday

  • RSVP

Chicago VC/Startup Mixer

  • Hosted by Chicago Blend

  • Thursday

  • RSVP

For The Culture: The State of Onchain Media and Art

  • Hosted by ETHChi

  • Thursday

  • RSVP

CHAT Collective Q2 Lunch

  • Hosted by Sammie Hasen and Billy Ndizeye

  • Thursday

  • RSVP

Chicago EdTech Social (April)

  • Hosted by Pete Pellizzari

  • Friday

  • RSVP

Boardroom Chicago

  • Hosted by Kamp Events

  • Friday

  • RSVP

🗞 Latest Editions:

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