I agree, I think you would see a lot more renovations vs. new homes. Where I live in Chicago (not the trendiest part of town), the cheapest single family fixer

I agree, I think you would see a lot more renovations vs. new homes. Where I live in Chicago (not the trendiest part of town), the cheapest single family fixer-uppers are $350-450K. Not many people queuing up to drop at least $1 million on new homes here.