Why Indianapolis is a cheapest city in US ? (South Bend: real estate, how much)

[french paris]

One of big cheapest city in America ?
Just curious!

[Toxic Toast]

Because the there is a lot of open land, and no compelling reason for people to move here (coast, water, scenery).

[wh15395]

Maybe because we shun change and new ideas....

[Broadrippleguy]

Originally Posted by wh15395

Maybe because we shun change and new ideas....

lol.............
Na
Our government is fiscally conservative and knows how to live within its means.
Housing market is affordable due to a few things.
First theres an excess supply on the market atm although that is dwindling fast.
2nd Indianapolis can expand in any direction due to being surrounded by cornfields. Very easy to convert farmland to subdivisions.
3rd Indianapolis has a great freeway system that isnt clogged with traffic so its easier to expand the city outward and still have easy access to the downtown core.
Cost of living is low and disposible income is high due to taxes/lower regulations on gasoline. Hence why its only 3.80-3.90 here compared to being over 4.30 in Chicagoland.
When gasoline is cheaper trucking companies can charge less to ship your food to the grocery store. Everythings gotta be shipped by truck

Also Toxic your dead wrong.

[Toxic Toast]

Originally Posted by Broadrippleguy

Also Toxic your dead wrong.

Am I? Is there a land shortage that I am not privy too? Do tell Mr. South Bend.

Wait, you did:

Originally Posted by Broadrippleguy

2nd Indianapolis can expand in any direction due to being surrounded by cornfields. Very easy to convert farmland to subdivisions.

Interesting........

[cittic10]

Just curious...

If a truck hauling a trailer full of food that gets 5 mpg stops to fuel in Indy and pays $3.85/gal and drives 100 miles picking up 5,000 articles of food at a warehouse and delivering it to 20 grocery stores in the area, the total fuel cost is $77, or in other words, the cost per article of food is $0.0154.

If a truck hauling a trailer full of food that gets 5 mpg stops to fuel in Chicago and pays $4.30/gal and drives 100 miles picking up 5,000 articles of food at a warehouse and delivering it to 20 grocery stores in the area, the total fuel cost is $86, or in other words, the cost per article of food is $0.0172.

How much do you suppose a store would raise it's prices on each article of food to compensate for the less than one quarter of one cent increase in fuel cost?

[WILWRadio]

BRG. Actually the cost of housing is low there because there is an ample amount of developable land in the region. The Law of Supply and Demand. This fact is true about most areas of the country where you don't have natural obstacles such as mountains, large hills, lakes etc.

wh15395. I don't think Indy shuns new ideas. Years ago when I first started to contact cities and towns around the country about developing a then new concept for legal, low power broadcast radio and also a Cable FM radio station, Indy was one of the very few places that would talk to me and was open to the idea.

[Broadrippleguy]

Originally Posted by WILWRadio

BRG. Actually the cost of housing is low there because there is an ample amount of developable land in the region. The Law of Supply and Demand. This fact is true about most areas of the country where you don't have natural obstacles such as mountains, large hills, lakes etc.

wh15395. I don't think Indy shuns new ideas. Years ago when I first started to contact cities and towns around the country about developing a then new concept for legal, low power broadcast radio and also a Cable FM radio station, Indy was one of the very few places that would talk to me and was open to the idea.

Exactly what i mean WILWRadio. may of confused someone idk.
But as i pointed out in my previous post Indy is surrounded by convertable farmland into homes.
Chicago has a large lake as an obstacle to expand so hence why real estate is way to expensive there.

[Southside Shrek]

Originally Posted by Broadrippleguy

Chicago has a large lake as an obstacle to expand so hence why real estate is way to expensive there.

Chicago can always rehab the entire South Side and make a large supply of wonderful homes. Unfortunately, people there won't be able to find many jobs other than selling drugs.

[Broadrippleguy]

Originally Posted by Southside Shrek

Chicago can always rehab the entire South Side and make a large supply of wonderful homes. Unfortunately, people there won't be able to find many jobs other than selling drugs.

lol very true indeed