Comments on Advance Indiana™: CIB Spending Fails To Stem Center Township Housing Woes

I agree with thundermutt that some of the rental-...

2009-03-20T02:04:00.000-05:00

I agree with thundermutt that some of the rental-property "owners" are merely renters themselves thus do not really invest a lot.

Daniel

Since the formation of UniGov the the area that li...

2009-03-10T17:53:00.000-05:00

Since the formation of UniGov the the area that lies within the old boundaries of the city of Indianapolis has experienced a population decline of nearly 150,000 people.
The district boundaries of IPS comprise the former city limits of Indianapolis.In 1960 the population of Indianapolis within these boundaries was 476,258. In 2002 the population of this same area was 303,000 (per IPS data).
When the next census numbers are in it is extimated that the population in this area will have decreased by another 30,000 people who have moved out.
When an area loses 170,000 people it creates a glut of aged housing stock which results in the enormous amount of abandoned houses.
It's not a question of rehabing properties or the tired old excuse of creating affordable housing.
The reality is that there are literally thousands of houses in this area and no population to live in them.
When 150,00 people pack up and leave the central city core then it does not take a genius to understand why so many of it's neighborhoods are blightd and abandoned.
In time, as has happened in other cities, the outlying township housing will begin deteriorating as well. In fact, it's already happening.
The city has thousands of abandoned houses that need to be torn down but choses to develop a plan and budget money to do it.
I suppose it's just not a priority with them.

It's even more amazing how many are owned by a lar...

2009-03-10T15:14:00.000-05:00

It's even more amazing how many are owned by a large bank in Deutschland. Probably other countries too, that I'm not aware of.

It is amazing how many of these abandoned homes or...

2009-03-10T14:12:00.000-05:00

It is amazing how many of these abandoned homes or almost unliveable homes are owned by people in Hamilton County.

The reality is that some of the rental-property "o...

2009-03-10T08:02:00.000-05:00

The reality is that some of the rental-property "owners" are mere renters themselves, buying properties cheap and investing nothing. In other words, Center Township is plagued by slumlords. When the houses get so run down that they can't be rented, they are abandoned.

Of course, there are also good landlords...I had one until I bought the place from him. He put money into into the place before I originally leased it.

But I think the 2400 houses that no one wants probably fit into the slumlord-owned category.