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Old 07-10-2017, 02:47 PM
 
435 posts, read 430,545 times
Reputation: 511

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Quote:
Originally Posted by BRU67 View Post
35 miles may as well be 350 miles in this example. NWI will never be Chicago. It is at best a south exburb region, and the political views of most Chicagoans and most Hoosiers is night and day.
From a distance standpoint, Northwest Indiana is just as much a suburb as anywhere else on the IL side. You realize it is like 13 miles from downtown to the state line, right?

I get if you are talking about the outer areas of NWI (for example Valpo) but saying that NWI is an "exurb" is really inaccurate.

Also with respect to the political climate - this will vary based on where you land in NWI. Overall Lake County IN has historically been Democratic even though the state is clearly Republican overall. My town, Munster, even though run by the Republicans is "liberal" on certain social issues like being pro-LGBT. Gary, EC, Hammond - that is run by the Dems. Anybody who thinks they will move here and see Confederate flags hanging upon and down the street is REALLY out of touch. The state though does run things differently than IL as evidenced by the surplus we have been running for years now.

 
Old 07-10-2017, 03:03 PM
 
435 posts, read 430,545 times
Reputation: 511
Default Wow - Inflate Moving Costs Much?

Quote:
Originally Posted by BRU67 View Post
I will be the first to admit that our state and City are an embarrassing mess. But think logically. The average professional household move costs over $12k, and that's from an article from 2012, so it's probably higher now. Add that to the real estate commissions you're going to pay to sell your home, coupled with other expenses associated with a move - new furniture, painting the old house to get ready for sale, painting the new one to suit your tastes, etc. - and you're probably talking $25-30k to move out of Illinois.

So if your income taxes went up $1k per year with this new tax increase, your decision will have made financial sense in 25-30 years. And that's ignoring the higher mortgage you might incur in following the flock to high desirability area (Austin anyone?), Or your lower salary due to a "regional adjustment" (hello Nashville!). And unless the warm sun and greener grass makes the flock magically grow smarter, they will probably start electing progressives into office, which means that places like Charlotte, which currently approximately resemble the Christian ideal of heaven by most accounts, might very well end up with the same issues as Chicago in 10-15 years.

IMHO, it will be smarter for voters to focus on what went wrong and try to fix it rather than flee.
I agree that you have to consider closing costs and commissions whenever you decide to move. The 12K to actually move from IL to IN, well that is insane!!! We moved a few years back and hired movers and it was like $1,200 all in. Used a regional Indiana moving company where they did all the lifting, moving, etc. It was much cheaper than the quotes I obtained by calling one of the national moving companies. Moving just across the state line versus across the country is totally different in terms of price. Like another poster said, if you have a good group of friends to help you can do it really economically and rent a truck yourself.

The other thing to consider is that if taxes continue to go up in IL, the effective buying power of most residents will be eroded (not true for the uber wealthy) so your exit price when you sell your home in IL later will be depressed. People have a finite amount of money so if they have to give more to the government they will have less to spend on housing.

Also, my old furniture works just fine in my new house? It isn't like you have to get ready for a Better Homes & Gardens photo shoot after you move into your new home.
 
Old 07-10-2017, 03:44 PM
 
Location: Saint John, IN
11,583 posts, read 6,731,192 times
Reputation: 14786
Quote:
Originally Posted by BRU67 View Post
Unless you threw the trash bag with your belongings in it into the back of your 1989 Ford Escort you did not move for $100. Nice try haha.

Other people from the Chicago area are starting to love Indiana too, particularly from the south suburbs. I want to see how this shakes out. It will be interesting.

This reminds me a little bit of the Berwyn/Cicero area in the 1990s, when everybody moved to Plainfield and thought they discovered Heaven. Until certain problems followed them there - including overcrowded schools, traffic, higher taxes, and overbuilding. I'm not saying that will happen in NW Indiana but it certainly could.
NOPE! Rental truck from UHaul $200 for 24 hours, $100 for pizza and beer for friends to help us move, boxes free. So OK $300. If you have to hire movers that could cost $1-2K, but I didn't. NO WHERE near what you were talking about! I guess if you take a loss on the sale of your home it would cost you, but I didn't so commissions were also not a problem. I wouldn't stay in a home forever just because I don't want to pay a realtor commission and closing costs anyway! The figures don't come close to what you were suggesting. I'm sure people can figure that out for themselves though.


Also, not one of my neighbors have moved from the South suburbs! Oh wait, one family from Homewood! Other than that there are 5 families that are originally from Indiana, one family from Michigan, one from Arkansas, Downers Grove, Oak Lawn, Romeoville, Plainfield, Joliet, Westmont and Tinley Park. We live in a newly built subdivision. Now I'm not saying that people from the South suburbs are not moving here, but their not moving by me anyway.

Last edited by CGab; 07-10-2017 at 03:59 PM..
 
Old 07-10-2017, 04:43 PM
 
Location: Chicago, Tri-Taylor
5,014 posts, read 9,455,878 times
Reputation: 3994
Quote:
Originally Posted by My Kind Of Town View Post
I remember this very well and you are exactly right. More people moving to an area does not always equate to better.
One thing I've learned in life is that when a place gets "discovered," that's generally not a good thing unless you're talking about a blighted urban area that had nowhere to go but up. It may increase property values initially but over time it tends to lead to overbuilding, which dilutes appreciation while increasing congestion. That usually comes in the form of condos if it's an urban area or new subdivisions in more spread out area.
 
Old 07-10-2017, 05:05 PM
 
605 posts, read 711,474 times
Reputation: 778
We moved across country and didn't pay anywhere near BRU67's figures either. We used ABF U-Pack. Our friends helped us pack the trailer for free (yes, I also bought pizza and beer - big deal). ABF charged us about $3K to move the stuff, and we had friends help us unpack it on the other end (more pizza lol). We did a good job of packing and there were only a few items damaged - two chairs ($75 each) and two IKEA night stands were dinged up. Negligible. Not one dish was broken (I thank my MIL for her awesome packing job ).

We had been in our house for 20 years so we saw such an increase in value, paying the realtor commission was nothing - we made a good amount on our house anyway. We bought a MUCH bigger house down here for more than 25% less than what we sold our tiny home in Chicago for. On a huge lot as well. My husband can paint himself (and did). So while there were costs involved, we are still waaaay ahead, and our quality of life has improved drastically. QOL is so improved, that honestly, even if we had taken a loss for some reason, it still would have been worth it. Money certainly isn't everything, particularly if you exchange it for lots of stress and negative aspects of life (lack of sun, cold temps, NOISE, traffic, no space, etc.).

But I just wanted to add that we moved much farther away than Indiana and didn't pay anywhere NEAR the kind of money that BRU67 claims that it costs.

Adding that we make MORE in our new state than we made in IL (so much for "lower wages"), and we pay zero in state income tax. Property taxes are lower too. No tax on groceries (at all). Gasoline is $1.99/gal. Cost to register the car every year ... $36. Compared to the almost $250 we paid in Chicago (plates $110 and City Sticker $140 or something like that?). For each car (we have two). So the savings just keep piling up.

I DO worry, however, that the kind of people who voted for the kind of liberal policies that have driven Illinois practically bankrupt are moving here and voting for similar policies. So it is possible we may have the same thing here 10 or 15 years down the road. But I can save a LOT in that 10-15 years in the meantime, and enjoy my day to day life a LOT more too.

Last edited by Bellamouse; 07-10-2017 at 05:35 PM..
 
Old 07-10-2017, 05:35 PM
 
1,022 posts, read 773,693 times
Reputation: 761
Does anyone know when the new taxes take effect so I know when to expect to have less take home pay!
 
Old 07-10-2017, 06:44 PM
 
Location: Sweet Home Chicago!
6,721 posts, read 6,477,145 times
Reputation: 9915
Quote:
Originally Posted by prhill View Post
Does anyone know when the new taxes take effect so I know when to expect to have less take home pay!
They went into effect 7/1 so your next paycheck will likely reflect the new tax rate.
 
Old 07-10-2017, 07:09 PM
 
Location: Chicago, Tri-Taylor
5,014 posts, read 9,455,878 times
Reputation: 3994
Well, at least I know where to go when i want to move next! Apparently, there's several Folks on here can move me for beer and pocket change, lol! I'm definitely going to take you guys up on that next time I move because it cost me a more than you're reporting just to move 12 miles from Berwyn to Chicago.

Anyway, a typical real estate commission is 3% to the buyer's agent and 3% to your agent. So if you have a $300,000 property, you're looking at $18k right there alone, regardless of how many beer buddies you have ready to haul your stuff for pizza. Now, I'm sure our frugal transplants will retort that they just stuck a sign from Ace Hardware on the front lawn and sold the house in a day. Whatever. Most people have to hire a realtor and pay commissions.

There's also title fees, attorney fees, transfer stamps, and in some cities even a tax for you to get out. Berwyn charges $10 for every $1,000 in sale price for one example I know firsthand. On our $300,000 example that's another $3,000 out the window.

It's human nature to understate the cost of moving. It probably isn't intentional. You probably just forgot. But my point stands that it's pretty expensive to do and it would take a long time to recoup that cost.
 
Old 07-10-2017, 07:23 PM
 
Location: All Over
4,003 posts, read 6,096,810 times
Reputation: 3162
I have an interesting moving story. I recently had some family move from down south back to Chicago. They got the moving truck for $19.95 and free mileage from SC to Chicago. Apparently so many people are moving down south and so few going back they need to get the trucks back up north so they got a heck of a deal, although now they are stuck back here.

Wasn't expecting this thread to turn out to be about moving costs lol but since were on the topic. Personally speaking if I move I'll keep my current place as a rental, I already have another so comfortable enough with renting to do it. Rents typically outpace mortgages in my experience so on my other place my rent is double what the mortgage is so taxes will cut into profits but tenants can pay them.

Whether I head to Indiana or down south I'm a young guy dont have a super establihed house and don't have a lot of stuff and most of what I have is Ikea so if I get lazy will throw on Craiglist or just burn in a bonfire in the backyard not a huge loss there. My moving costs would be probably a small uHaul and mileage so maybe a couple hundred bucks at most to get out of Dodge.
 
Old 07-10-2017, 07:31 PM
 
1,022 posts, read 773,693 times
Reputation: 761
Quote:
Originally Posted by flamadiddle View Post
They went into effect 7/1 so your next paycheck will likely reflect the new tax rate.
Thanks.
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