What to think here? Either downtown is in terminal decline or it’s an opportunity to scoop deals (keeping in mind assessments can be obscenely high, not to mention taxes)

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This is click baity fear mongering. Downtown condos are generally in high demand.

Units catered to the ultra wealthy are not good bellwethers. That article fails to explain that those units also come with $4k/month HOA fees which have risen astronomically since the early 2000s, which obviously suppresses those condo prices

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Condo's appreciate in many markets differently as newness matters and fees continue to rise. Condos in general are a poor assessment of property growth in my opinion.

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Twenty percent of Chicago’s housing units are condos. If you subtract out rental housing (40-45% of units) that’s a big number and slightly less than half of all owner occupied units

Uh, what other residential property can one buy in downtown?

Yeah no point in buying condos unless it gives access to a location you can’t rent otherwise

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