Chicago Gentrification

[Sid Franklin]

Does anyone think that Chicago's record tax hikes and the possibility of a tax exemption for property's under $250K will lead to a new round of gentrification largely driven by Millenialls wanting to live in the City but not wanting the costs of staying in neighborhoods that are already gentrified?

What neighborhoods will win with gentrification increasing values?

What neighborhoods will lose value as Millenialls move to greener and cheaper pastures?

Will Millenialls leave the City for the Suburbs?

Will investors chuck the state for areas with more growth potential and more certainty on property taxes and less governmental debt?

http://www.chicagotribune.com/news/sns-wp-blm-news...