Comment of the day: amount of development 'insane'

“Chicago’s real estate market may not be normal in terms of the enormous glut of supply (thus the auctions)…the glut of supply isn’t really so much from prices being too high but rather from there being an insane amount of high rise condos being built and condo conversions taking place over the last few years. I do agree that it will take at least a few years for this excess supply to be absorbed.”

Sir Isaac Newton, commenting on a Chicago Tribune story that we ripped on Monday

(Visited 47 times, 1 visits today)