I enjoyed this short video that compares Chicago’s Lincoln Square, where I have lived and Buffalo Grove, which is a suburb similar to where I grew up.
The video was produced by CEOs for Cities, a Chicago based organization that advocates for cities. Their website gives this description:
A new analysis shows that high gas prices are not only implicated in the bursting of the housing bubble, but that the higher cost of commuting has already re-shaped the landscape of real estate value between cities and suburbs. Housing values are falling fastest in distant suburban and exurban neighborhoods where affordability depended directly on cheap gas.
