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Furious Chicago residents slam city's $500M Obama Center for causing rents to rocket by 43% and house prices to soar 130% as they plead for affordable housing
Daily Mail ^ | 4-3-23 | REPORTER FOR DAILYMAIL.COM

Posted on 04/03/2023 4:24:39 PM PDT by dynachrome

Chicago residents are in uproar after the Obama Foundation's $500million new 'presidential center' caused a huge spike in property prices that forced many longstanding residents out of their homes.

The nonprofit founded by Barack and Michelle Obama told residents that the sprawling new build on Chicago's South Side will transform it and the surrounding neighborhoods - and provide local job opportunities.

But since the center was announced in 2015, median rents in the immediate vicinity have jumped a staggering 43 per cent, while house prices have risen 130 per cent.

The area is a historically black one, with many of those since forced to up sticks and move particularly upset at being booted from their homes thanks to the actions of the United States' first African-American president.

Among those who've been forced to move is Tahiti Hamer, 42.

The single mom-of-three had to leave the only neighborhood she'd ever lived in after her rent rocketed 40 per cent in 2021 - the same year construction started on the Obama Foundation's center.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Humor
KEYWORDS: brandonjohnson; chicago; chicongo; gentrification; housing; illinois; reparations; whatyouvotedfor
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Sympathy is between sh*t and syphilis in the dictionary.
1 posted on 04/03/2023 4:24:39 PM PDT by dynachrome
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To: dynachrome

Obama gentrification. He destroys everything he touches


2 posted on 04/03/2023 4:28:37 PM PDT by DeplorablePaul (s should go to Mexico and sneak over the border. )
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To: dynachrome

Reparations are a bitch when they are given to a foreign invader...

Cry all you want...
No sympathy from me...
You made the bed...


3 posted on 04/03/2023 4:28:52 PM PDT by SuperLuminal (Where is the next Sam Adams when we so desperately need him)
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To: dynachrome

HAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAAH!!!!! EMBRACE THE SUCK< you DUMBASS DEMOCRATS!!


4 posted on 04/03/2023 4:29:10 PM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: dynachrome

Obamas cause gentrification.


5 posted on 04/03/2023 4:29:55 PM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: dynachrome
...as they plead for affordable housing

No one cares.

6 posted on 04/03/2023 4:31:06 PM PDT by Steely Tom ([Voter Fraud] == [Civil War])
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To: dynachrome

Wow! Usually a house of ill repute has the opposite effect.


7 posted on 04/03/2023 4:31:20 PM PDT by Lurkina.n.Learnin (The road to tyranny is paved with compliance )
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To: dynachrome

Enjoy the suck.


8 posted on 04/03/2023 4:31:35 PM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: dynachrome

are these the same people that complained that they deserve reparations because their homes didn’t go up in value the same as the white neighborhoods (in the 1970’s) and thus they missed out on making generational wealth?

If you don’t like high taxes elect Republicans, but don’t complain when your house value goes up, that is AMAZING!!


9 posted on 04/03/2023 4:31:46 PM PDT by TexasFreeper2009
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To: dynachrome

Zero can help offset his self-worshipping temple.
Frankly, it’s retarded to have these lie-Braries for all our former presidents. There is a Library of Congress, we can keep all the crap there.


10 posted on 04/03/2023 4:35:17 PM PDT by vpintheak (Live free, or die!)
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To: dynachrome
Maybe they need to move to Columbia SC...


11 posted on 04/03/2023 4:37:33 PM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: DeplorablePaul

Rents going up? Why don’t they just get a beachfront place on Martha’s Vinyard?


12 posted on 04/03/2023 4:42:48 PM PDT by glorgau
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To: dynachrome

I would have expected Obama moving into the neighborhood would have driven down prices.


13 posted on 04/03/2023 4:43:16 PM PDT by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago )
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To: dynachrome

Eat your peas.


14 posted on 04/03/2023 4:44:57 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money)
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To: dynachrome

Stalinist nightmare destroying the indigenous Black community.


15 posted on 04/03/2023 4:46:42 PM PDT by hinckley buzzard ( Resist the narrative.)
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To: dynachrome
But since the center was announced in 2015, median rents in the immediate vicinity have jumped a staggering 43 per cent, while house prices have risen 130 per cent.

This rent increase is below the national average since 2015. I think the Obama Center has actually devalued neighboring property values.

16 posted on 04/03/2023 4:46:52 PM PDT by Right_Wing_Madman
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To: DeplorablePaul

The 0bamanation of desolation! “May his name and memory be erased!”


17 posted on 04/03/2023 4:47:05 PM PDT by sheik yerbouty ( Make America and the world a jihad free zone!)
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To: dynachrome

I bet the complainer from the headline idolized him and voted for him (at least) twice.

Lie down with dogs, wake up with fleas!


18 posted on 04/03/2023 4:50:21 PM PDT by simpson96
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To: glorgau
Why don’t they just get a beachfront place on Martha’s Vinyard?

That would be ill-advised.

They would lose their investment when the sea levels rise and swallow the place, in... 5 years, isn't it?

19 posted on 04/03/2023 4:54:34 PM PDT by grobdriver (The CDC can KMA!)
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To: dynachrome

Another “save us from ourselves” story.


20 posted on 04/03/2023 4:55:46 PM PDT by Vision (Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
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