Parent was posting about buying a house with land. Your example is for a (small) condo - way cheaper than what he was talking about.
Edit: Parent was posting about buying a house in Switzerland - and that is really expensive in the surroundings of Zurich. Buying a condo is cheaper in any case - I just made a statement that you can't compare oranges to apples.
I think even in the US nobody really buys a house (with land) in the city, but in the suburbs. Big difference and much more similar to the 1 hour drive discussed above.
Most of Chicago, the third-largest city in the US, is single-family houses with yards. For that matter, when I lived in San Francisco back in 99-2001, I had a yard.
Chicago has between 1.1-1.3 million people (twice as many) living at that density or higher: https://lh6.googleusercontent.com/-Z3ai_T6K_40/T4I6B9akQDI/A.... It's actually more than that, because this data excludes satellite cities, which the Amsterdam figure above includes.
Another point of comparison. Chicago the city has 2.7 million people at about the same weighted density (19k/sq-mi) as the Amsterdam metro, which has 1.7 million people.
Chicago quickly drops off past the 20k/sq-mi range too, which is basically typical rowhouse density. It only has 88,000 people living in >50k/sq-mi census tracts, mostly stretched out along the northern waterfront. Amsterdam has almost twice as many at 162,330.
Amsterdam isn't even that dense by European standards, although Swiss cities are probably similar. The densest cities are in southern Europe, ex Valencia has about 800,000 residents over 20k/sq-mi, and 400,000 residents living at 50k/sq-mi densities and it's not even a big city.
https://chartingtransport.com/2015/11/26/comparing-the-densi...
But back to the original point... Chicago has fairly dense areas within a short commute of downtown - but those mostly have 2-3 flats and bigger apartments, and the few single family homes are quite expensive. For more affordable SFHs with a decent school and crime situation, I think you'd have to go to neighbourhoods that would be considered "suburbs" by European standards even if they're within city limits.
San Francisco is even more expense, the better neighbourhoods have SFHs at $2m+. More far flung areas like Sunset would be more like $1m which is still not exactly cheap and it's getting to be a long commute (40-50min each way by transit).
I think we're getting pretty close to "No True Scotsman" territory when we start designating neighborhoods --- inside the city limits of a metro statistical area with vast, sprawling suburbs --- as themselves suburbs, despite being on trunk CTA train routes, on one of the city's main drags, because "European cities would call those neighborhoods suburbs".
I'm getting the impression that Europeans would "call them suburbs" because they have affordable single-family houses in them, which makes this debate pretty disingenuous.
What I mean is that in many European cities, the suburbs will be pretty similar to Jefferson Park or Outer Sunset in terms of the commuting situation and walkability. Although in Switzerland the suburbs are still much more expensive. Elsewhere in Europe it's generally not so bad.
That's neither here nor there. The question is whether you can have houses with yards in walkably-dense cities. Southern European cities may be denser, but nobody would say Amsterdam is not walkable.
Chicago neighborhoods like Edgewater are in the 30-35k/square mile range, and are full of little single family homes with yards. That's well into walkable territory.
The standards of the "City" ending where you go from city style buildings (multiple people per building, density high enough that it’s fully walkable, etc) to suburban or rural style buildings (seperate, one or two family homes, unusable by foot)
Chicago is one of the most walkable cities in the country. Moreover, the stuff people actually want to go to --- the various bar and restaurant districts, &c --- are in the residential north side of the city, not downtown, which basically shuts down at 6PM.
Almost every neighborhood in the city has a mix of freestanding single family homes, townhouses and 3-flats, and dense apartment buildings.
Are most other big cities like the loop after business hours? I'm always shocked at how deserted it is on weekends, and evenings aside from the odd theatre traffic.
London is interesting, in that the square mile (financial district) while being very busy (even at night) during the week, due to workers drinking and socialising after office hours, is absolutely empty at weekends. On Sundays the streets are absolutely deserted, which makes it a great time to film apocalyptic zombie movies - see '28 Days Later' for an example.
Well, I can’t really compare – I’ve never been in the US.
But I’m gonna assume the relaxed zoning in the EU, and the resulting mix of commercial, residential, and offices, often even in the same building, leads to the people having a reason to go downtown.
Thats part of it, the other part is simple market economics. It is hard for the things that people want to do at night (clubs, art galleries, restaurants and bars) which are much lower margin businesses to compete with the large financial and governmental institutions that dominate places like the Chicago loop, lower Manhattan or downtown Dallas.
These leads to a pretty common pattern where just outside of the financial/governmental centers of US cities there exist neighborhoods that are mixes of residential, cafe's, nightlife, "creative businesses" or retail. For instance, the Chicago loop is literally surrounded by such places.
But the lack of activity in a financial district has very little correlation to the density of the city. Manhattan is obviously a walkable and dense place to live but lower manhattan (wall street) can feel down right empty after hours.
I have much less experience in European cities, but my experience in Dublin, Amsterdam and Frankfort are not much different than this.
I don't think it's so much the financial uses pushing out restaurants and retail but rather housing that's being pushed out.
In Toronto the Financial District doesn't go completely dead, but the 4million square foot underground mall shuts down, and it's just a few ground level businesses that stay open. It's still more lively at night than the typical suburb, but not as bustling as the adjacent neighbourhoods or as the Financial District during the day when there 200,000 office workers there (vs just a few thousand tourists and residents within walking distance at night). From what I heard it's not as dead at night as the Chicago loop.
Relative to NYC, not that many people live in downtown Manhattan either, and there isn't that much stuff open there at night. I'm not sure what conclusions there are to draw from nightlife in the loop.
People have been moving out of the urban core in U.S. cities for the last 50 years. This has hit mid-sized U.S. cities particularly hard. While enough businesses may have stayed behind to maintain a central business district, the residents chose to live elsewhere and commute in.
The St. Louis region, where I live, has nearly 3 million people (about half of which are inside the I-270/255 loop, for some context on a map), but only around 3000 residents in its primary Downtown neighborhood (and another 4000 or so in the adjacent Downtown West). These two neighborhoods have a population density that's lower than the city average (and much lower than in the most dense neighborhoods).
By the way, this actually represents a bit of a comeback for the neighborhood. There were only 800 residents Downtown in 2000. Warehouse-to-loft conversions became popular about 15 years ago, which has reversed the trend, at least for now.
"Urban core" has little to do with it. "The loop" in central downtown Chicago hosts pretty much nothing but large office buildings. It's dead after 6PM because nobody is there. Where are they? Other parts of the urban core of Chicago.
Sorry. "Urban core" is ill-defined enough to be almost meaningless and I was using it alternately to mean Downtown and to mean it in the sense you do, which was bound to cause confusion. I was trying to point out that the St. Louis Downtown isn't even dense by the standards of other places in its urban core (in the sense you mean).
I live in a neighborhood of 25k people in Chicago that precisely matches that standard. It is surrounded on 3 sides by similar neighborhoods (and a lake on the other). Those style neighborhoods are the norm in Chicago. Further, there are many Chicago suburbs that match that description.
The standard Chicago city lot is only about 25' wide though. The houses are very close together, with a tiny front yard and a slightly large back yard but only a narrow strip on either side.
Toronto was/is like this too. It's a pretty big city similar to Chicago. All of the houses are >$1 million now in Toronto proper. Now the only thing being built are hundreds of cookie cutter condos right in the downtown core. So many were built in recent years that the price of condos actually went down for the first time in forever while house prices continued to rise.
As a person who's currently dealing with the market in Chicago I can say your data is out of date. Bungalows in virtually any decent north side neighborhood are more like 250-300k. The only exception is Belmont-Cragin which is so inaccessible it might as well be a suburb.
That being said, yeah, Chicago real-estate is still affordable for the middle class. I think Toronto is in a bubble (or somehow experiencing severely constricted supply) simply looking at the price of housing versus salaries in the region.
As tptacek says, Jefferson Park is the bang for your buck winner in Chicago. My sister in law just bought for under 200 with a yard, and a decent 2 floor home. House next door was listed for 150 (incredibly small though), and these aren't garbage homes in a bad neighborhood over there.
I'd buy there too if I wasn't planning on leaving this city in the next year or so. Housing prices are not what make me want to leave here, the climate and congestion are.
My sister just last year bought a house in Jefferson Park for around that, and her neighbor's house just went up for less than 200. I'm sure it's not the best house in the world, but it's a nice neighborhood walking distance from a blue line station.
I don't know about the particulars of their places. The only properties I've seen in Jeff Park for that cheap have been Bank Owned, in need of serious rehab, or have some other mitigating issue like being on a short lot.
My sister's place is almost as big as mine in Oak Park. We could haggle over whether nice houses cost 200 or 250k, but for starter homes (the kind you'd pay over 1MM for in SFBA) in the city itself, that's the range.
Obviously, if you're looking to buy in Lakeview or Logan Square or Lincoln Square, the numbers change. But I don't know why you'd want to do that.
Congratulations! I'm aware Oak Park has some affordable homes (but higher taxes) since much of my family lives there. But Oak Park is not Chicago and I was talking about Chicago. If I were going to live in one of the more remote Chicago neighborhoods that had $200k houses, I'd probably opt to live in Oak Park or Evanston since you'd get more for your money (sane school systems, etc.) without much more commute to the city center.
Oak Park is significantly more expensive than Chicago.
I don't think you can legitimately call Jefferson Park "remote" while saying you'd like to live in Evanston, which is much farther from the center of the city.
Jefferson Park is a straight shot down Milwaukee from the center of the city, and a pretty good chunk of every restaurant or bar you'd want to go to is along that shot. It's also got a Blue Line station, with better service than the Purple Line. For that matter, Jefferson Park is bisected by I-90. Have you ever had to commute between downtown (or anywhere else) and Evanston? It's a nightmare: you're a 20 minute drive from any major commuter road.
(I was born and raised on the south side of Chicago and moved to Evanston, and then Lakeview, when I was 18).
Bringing this all back to the point of the thread: a decent house in a nice neighborhood in Chicago will cost you $200, maybe $250 if you're optimizing. Well within reach of anyone in our industry. You can spend more. You can spend $500, or even a million. But it would be weird to do that. The fact that there are family-oriented neighborhoods in Chicago that people have barely heard of with all the conveniences of (say) Jefferson Park is the reason you can get such good deals on houses here. Chicago is just a well-designed city.
I guess there are a lot of weirdos in Chicago by your estimation. Virtually every decent north-side neighborhood in Chicago (including Jefferson Park) has a median sales price above your $250k point and that includes all types and sizes of homes:
That might be realistic for a condo, but a single family home at that price would have to be a serious fixer-upper or have some other significant flaw (near gang areas, etc.). The types of homes most urban professionals would consider suitable are hard to find under $500k in Chicago. And if you're targeting one of the few decent public school districts, even that number is a stretch.
I am not sure where your figures come, but as someone who looked seriously at eight houses in various neighborhoods of Chicago, you can find quite suitable houses in the $200-250k range.
I guess I should have specified that I'm thinking of 3+ bedroom homes. Here's what Zillow looks like for a wide drawing of north-side Chicago SFHs under $250k.
This is dominated by auctions and homes in very rough west-side neighborhoods. Yes, there are a small handful of exceptions which are typically very old homes that have not been updated in decades, but to act like above $250k is "weird" or out of the norm is just not in line with reality.
I'm pretty sure LA is still a sprawl and density has increased very little. Even in Santa Monica, and the rest of beach areas, there are plenty of single family homes. Not sure if they make up the majority of residential land, but sure feels that way.
Edit: Parent was posting about buying a house in Switzerland - and that is really expensive in the surroundings of Zurich. Buying a condo is cheaper in any case - I just made a statement that you can't compare oranges to apples.