Alex Scheppke
deralex3.bsky.social
Alex Scheppke
@deralex3.bsky.social
Deutschlerner, Chicago & Midwest enthusiast. 🐮🧀🚉

Future CPA. 🧮


Illinois, Minnesota, Wisconsin.
My shorts are ready 😤
February 21, 2025 at 2:04 PM
Walking to the train station and the subsequent ride to work is one of my favorite parts of the day. Riding the train is such a wonderful time to think and reflect while the world goes by, total bliss.
February 20, 2025 at 11:36 PM
Hoping to see the area around Peterson/Ridge continue to get built up!
February 19, 2025 at 10:03 PM
True
January 27, 2025 at 4:17 AM
Yeah, I'm thinking based 🚂🚂🚂
January 26, 2025 at 1:24 AM
I appreciate your thoughts on this, and would agree that so much of the damage with regards to housing stock is done right here -- where natural growth would have led to a small, incremental increase in units, that has been constricted. Big issue.
January 13, 2025 at 10:45 PM
One of the greatest tragedies of 2008 was the levelling of so many local builders, those who were really connected with an area and invested in the community. Sad.
January 13, 2025 at 10:18 PM
What would you suggest as an alternative if not the market? Social housing? I am also okay with that as a supplement, to be honest, but I don't think it can do it all on its lonesome.
January 13, 2025 at 9:47 PM
Land isn't housing. An acre can have hundreds of housing units on it, or one.

Increasing supply lowers costs -- I highly recommend checking out this article. I don't know about the specific situation in Palo Alto, though.

www.forbes.com/sites/richar...
Building Housing Lowers Prices But “Supply Skeptics” Don’t Believe It
Housing prices continue rising, but "supply skeptics" block development, wrongly believing that adding more supply won't lower prices.
www.forbes.com
January 13, 2025 at 9:24 PM
I agree to an extent. A local example I can think of is builders tearing down multifamily buildings and replacing them with single family homes, but I feel that an increasing supply of units, regardless of price point, will lower cost. People will move into nicer units and vacate theirs.
January 13, 2025 at 8:40 PM
Definitely. I think people have the corporate ownership piece twisted around: corporate home ownership doesn't cause (by itself) high home prices, high home prices cause corporate ownership. They buy homes because they are an amazing investment, spurred on by supply constraints.
January 13, 2025 at 8:34 PM
Most people blame other factors -- corporate ownership of housing, greedy homeowners, etc.
January 13, 2025 at 8:32 PM
I don't understand for a second how the concept of supply and demand is controversial to so many. Beyond that, the vilification of home builders is so confusing to me.
January 13, 2025 at 8:32 PM
In Chicago ist es (zum Glück) nicht zu kompliziert. Die Bus- und Bahn-Systeme (CTA und Metra) haben eine gemeinsame App, NFC-Karte, usw.
January 7, 2025 at 1:11 PM
For the most part, it does. Lower income people mostly don't drive into Manhattan, they take transit. This is a tax on wealthier car owners.
January 6, 2025 at 4:12 AM
Ja, war einfach eine Blase.
January 4, 2025 at 6:19 PM
I Saw The TV Glow was amazing, I'm so glad that my fiancée and I went to see it on a whim, so worth it.
December 30, 2024 at 9:49 PM