Why are rents getting so high higher than owning? its crazy in chicago how expensive rents are.?

4 Answers

Relevance
  • 1 month ago

    Yes- I've watched that house flipping show from Chicago and it's insane how much money they get, especially for a property that they've redone to be apartments. It's true in a lot of cities- regardless of what people on this board say about cities in general and Chicago specifically, a lot of people want to live there, and that demand drives prices up. I know someone who moved from my area to Chicago and lives downtown. She loves it- so much to do--- except that she's not crazy about the snow. Where I live, housing is still very affordable.

    • ROBERT1 month agoReport

      How can people who live in downtown pay 3000 or more a month on rent is beyond me

  • 1 month ago

    Just like housing went bust i think now rents are going to go Busts. lol not everyone can afford a home . taxes are a killer for landlords

  • Greg
    Lv 7
    1 month ago

    Rents are set by supply and demand. A lot of people are too financially immature to be able to buy due to lack of a down payment or credit rating issues.

  • JetDoc
    Lv 7
    1 month ago

    It's OK because anybody who actually WANTS to live in Chicago is Crazy to begin with.

Still have questions? Get your answers by asking now.