In our story for Crain’s Chicago Business, we charted the impact of the Great Recession that left suburbs with spiraling taxes and plummeting home values.
Decades in the making, that upside-down scenario is one of a number of challenges that contribute to the overarching housing stresses afflicting the Chicago region.
In suburbs such as Park Forest and many others, the phenomenon is the result of years of business disinvestment, globalization and strained municipal finances that some experts say might require state assistance.
I used PostgreSQL to join census and tax data to compile my key findings.