Forbes Magazine recently held a round table discussion about gentrification, and the moderator lives right here in Uptown.
Urban gentrification has been a fact of life for two decades. But can it last, and if so where? Our real estate experts have the answers.
[Stephane Fitch]: Let's do a little full disclosure. Where do each of you live? Speaking for myself, I live in Chicago's Uptown neighborhood. Still, lots of gentrification needed in Uptown, I think it's fair to say. It's the classic gentrification play. But none of my neighbors thinks the gentrification will continue where I live. Not with the nicer neighborhood just to my south, called Lakeview, looking more nearly affordable for modestly well-off professionals.
Read the entire discussion here.
Update: Read another article in reaction to the Forbes piece here, in the Chicago77 real estate blog.