Real estate Blog Posts

Appraisers' role in the meltdown

August 18, 2008
Comments(7)
Some of the people most familiar with the mortgage foreclosure explosion in the Indianapolis area in recent years have privately pointed fingers at appraisers. Appraisers too often were in cahoots with lenders to illegally inflate prices of houses, the insiders complained,...
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Lucas Oil Stadium and Mail Pouch

August 14, 2008
Comments(19)
Lucas Oil Stadium has nabbed lots of favorable reviews for its retro look, sliding widows looking onto downtown and retractable roof. Now a question. What do you think about the Lucas Oil Stadium name painted in white on the black roof? Does...
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Updating disabilities regulations

July 25, 2008
Comments(2)
Eighteen years have passed since the Americans with Disabilities Act opened doors for people who hadnâ??t been able to participate in much of American society â?? and brought a corresponding flood of construction costs and lawsuits. Now the Justice Department is...
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Kempton is red-hot

July 10, 2008
Comments(7)
Ever heard of Kempton? Itâ??s a burg between Indianapolis and Kokomo that just happens to be the second-fastest growing town in the state. Kemptonâ??s population last year was 716, an increase of 27 percent in just one year, according to an...
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Analyzing Speedwayâ??s success

May 27, 2008
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If you were at the track over the weekend or in the past few weeks, you made your way through Speedway, an island of stability in a county where some other older communities, like Beech Grove, are slipping into decay. Speedway...
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The next housing challenge

May 19, 2008
Comments(8)
As the housing debacle continues to unwind, another big â?? really big â?? issue in housing is going largely unnoticed. Houses built in the 1950s are at risk of falling into the same decay experienced by many older neighborhoods, some of...
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Death ponds

March 27, 2008
Comments(7)
It hardly seems like a week goes by anymore without another story about someone sliding into a suburban retention pond and losing their life or at least coming uncomfortably close. Some ponds have become dumping grounds for cars, and now Plainfield...
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Tax legislation to become law

March 18, 2008
Comments(5)
Gov. Mitch Daniels is set to sign the property tax legislation tomorrow. Daniels got most of what he proposed last fall. Homeowners get a tax cut, future bills will be capped and the sales tax rises to compensate. Are you happy with...
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Moving to the country

March 10, 2008
Comments(3)
More of us Hoosiers are moving to unincorporated areas and other places beyond city and town limits. In fact, the pace of growth for unincorporated areas was significantly faster between 2000 and 2006 than for cities and towns, the Indiana...
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Energy and farmland values

March 5, 2008
Comments(3)
You probably arenâ??t begrudging farmers and others for the record farmland prices theyâ??re enjoying. But those prices wouldnâ??t be so high if the ethanol plants popping up across Indiana and elsewhere in the Midwest werenâ??t using so much corn. Now weâ??re...
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Affordable housing...again

February 19, 2008
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Indianapolis is now the most affordable large market in which to buy a house 10 quarters running. Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon. In the past quarter, 46.6 percent...
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Has housing hit bottom?

January 17, 2008
Comments(3)
F.C. Tucker Co. put out a release today saying the Indianapolis-area housing market stabilized last year. Somehow, a 9.9-percent decline in sales and 2.1-percent drop in selling price doesnâ??t sound so stable. Tucker President Jim Litten points out that the region still...
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Mortgages are getting cheap

January 10, 2008
Comments(3)
Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time in more than two years. Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve...
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Should city embrace hotel union?

December 14, 2007
Comments(11)
Just when you thought plans for a new downtown convention hotel were set to go forward, four City-County Council members want the full council to essentially force the new hotel to employ union workers after it opens. The City-County Council, which...
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Solving the tax debate

November 13, 2007
Comments(2)
Gov. Mitch Daniels has proposed capping residential property taxes at 1 percent of a homeâ??s assessed value, rental properties at 2 percent and businesses at 3 percent. Now state Sen. Luke Kenley says the bipartisan commission on taxes he heads will...
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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