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by zootam 2554 days ago
>The suburbs are dying, and this is reflected in real estate values. Follow the Chicago Tribune's architecture columnist, Dennis Rodkin, on Twitter. Every day this guy features a new home sale in the suburbs where it's sold for less than what it sold for 20, even 30 years ago.

Looking through some of these, I'm not surprised.

However, I think its not just taxes and Illinois corruption to blame for the 'death spiral' of far flung suburbs. The housing market in the US is changing in general. Buyers want shorter commutes, urban lifestyles. Living in some of the places Rodkin looks at - Lake Forest, Burr Ridge, Vernon Hills are 1+ hour commutes by train to the loop which a lot of buyers don't want.

He retweeted this comic which is one aspect:

https://pbs.twimg.com/media/D9XTp8MXUAE7T7B.png:large

>The real estate values will inevitably follow the path of the suburbs.

How long do you think that'll take?