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🏠Chicago Housing Affordability
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55th Edition
📍 This Week’s Lineup:
🏠Chicago Housing Affordability
đź“Š 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:
Illinois is saving America's compute problem
— Landon (@landon20s)
8:29 PM • Apr 21, 2024
🏠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.
đź“Š 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
Chicago Climate Connect
Hosted by CCC
Wednesday
Founder House Spring Kick-Off with Inside the Loop
Hosted by Founder House and ITL
Thursday
Chicago VC/Startup Mixer
Hosted by Chicago Blend
Thursday
For The Culture: The State of Onchain Media and Art
Hosted by ETHChi
Thursday
CHAT Collective Q2 Lunch
Hosted by Sammie Hasen and Billy Ndizeye
Thursday
Chicago EdTech Social (April)
Hosted by Pete Pellizzari
Friday
Boardroom Chicago
Hosted by Kamp Events
Friday
đź—ž Latest Editions:
#54 - Windy City Office Trends
#51 - Groupon’s Founding Story 🎟️
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