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Chicago needs to build more housing. Maybe not just Chicago, but we need national zoning reform to allow for more freedom. It is funny to see how backwards our country is, where we restrict even what people and developers can build, and where.. A nation build on the idea of freedom yet you can't even build what you want.
Yes, the country is in a severe shortage of new home starts, specifically in the entry level home price range. Higher labor costs, cost of materials and high interest rates have weakened builder confidence but hopefully this will turn around in a couple years .
If you enjoyed this video, don't forget to like, comment, and subscribe for more updates on the Chicago real estate market. Have questions? Drop us a comment!
Bro finally updated
I appreciate you sticking around while I took some time off to travel this summer! Coming back with many more videos in the coming weeks!
Chicago needs to build more housing. Maybe not just Chicago, but we need national zoning reform to allow for more freedom. It is funny to see how backwards our country is, where we restrict even what people and developers can build, and where.. A nation build on the idea of freedom yet you can't even build what you want.
Yes, the country is in a severe shortage of new home starts, specifically in the entry level home price range. Higher labor costs, cost of materials and high interest rates have weakened builder confidence but hopefully this will turn around in a couple years .