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For a look at what’s likely to come, North Shore homeowners can just look up the road, where a feared future real estate apocalypse happening right now.

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Andrew Szakmary
Have any of the authors of this article entertained the possibility that most of the decline in house prices on the north shore of Chicago since the peak of the housing bubble in 2006 can be better explained by the bursting of that bubble, i.e. national trends, rather than high real estate taxes in Chicago? Here is some pertinent data ommited from the article: the Case-Shiller national 20 city home price index was at 203.62 in November of 2006 and 192.23 in November 2016. This index is in nominal terms. During that same 10-year period, the CPI-U rose from 202.000 to 242.348. By my math, that means… Read more »