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03-17-2008, 04:53 AM
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Senior Member
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Join Date: Sep 2006
1,297 posts, read 1,367,353 times
Reputation: 441
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1. lack of jobs and income base
2. age of housing stock
are just two of the issues facing Kokomo as one of Indiana's former manufacturing centers.
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03-17-2008, 04:57 AM
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Senior Member
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Join Date: Jan 2008
Location: Middle TN
108 posts, read 101,627 times
Reputation: 29
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Can you elaborate on #2; age of housing stock?
It would seem these can be retirement communities. There is no need for strong job sources, housing is low, and those living in IN can stay close to family.
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03-19-2008, 09:40 PM
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demented & deranged optimist skeptic
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Join Date: May 2007
Location: MO Ozarkian in NE Hoosierana
4,161 posts, read 2,649,740 times
Reputation: 5534
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Ummmm,,, could it be the infamous Kokomo hum? 
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03-20-2008, 11:35 AM
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Senior Member
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Join Date: Sep 2006
1,297 posts, read 1,367,353 times
Reputation: 441
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Kokomo was in decline for a long time. It is too far from Indy for a commute so depended on local jobs. There are not lots of newish houses and those that were built are lower cost. So most of the housing is older from when the manufacturing plants were working.
Economics: Supply is more than demand leading to lower prices or prices being held down.
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03-20-2008, 11:48 PM
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Senior Member
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Join Date: Oct 2007
Location: Indianapolis
260 posts, read 281,279 times
Reputation: 44
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Supply & Demand, as previously mentioned, and Location, Location, Location. There is no attraction to move there and the housing prices reflect that.
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11-13-2008, 05:23 PM
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Junior Member
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Join Date: Apr 2008
Location: arizona
2 posts, read 2,281 times
Reputation: 12
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Is there a lot of crime?
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11-13-2008, 07:06 PM
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Discopants and Haircuts
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Join Date: Jun 2006
Location: Turn Left at Greenland
11,751 posts, read 7,453,489 times
Reputation: 2868
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Nope, it's about to become incredibly depressing with the fall of the big 3 ... Delphi & Chrysler are toast.
__________________
If there won't be dancing at the revolution, I'm not coming.
Emma Goldman
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11-14-2008, 10:51 AM
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Senior Member
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Join Date: Jul 2007
Location: NE PA
3,808 posts, read 2,448,589 times
Reputation: 1245
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It can't be that bad of a place....the Beach Boys wrote a song about it..
Aruba, Jamaica, oooh I wanna take you...
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11-14-2008, 03:12 PM
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Senior Member
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Join Date: Apr 2008
Location: down river, in da hood
650 posts, read 694,855 times
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Kokomo has a 7.1% unemployment rate and that really affects the housing prices.
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Why is the prices of homes so cheap in Kokomo?
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