stl is in a much steeper decline. the city has generated a large percentage of their revenue through an earnings tax that has come into question. i.e.- if you live outside the city but work remote for a company thats in the city, they would take a cut. with more people working remote, the legitimacy of that has been challenged and is now in question. if they lose that revenue, it only gets bleaker.
Chicago is experiencing a slump that I fully expect it’ll recover or reimagine itself through.
IMO St Louis is more akin to Detroit or Baltimore than it is to Chicago. Hasn’t it lost something like 50-60% of its population since its high water mark?
You can buy lots and lots of property that people have just walked away from for the tax receipts. That’s not Chicago to my knowledge.
Traffic on the street doesn't necessarily mean healthy business real estate.
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