A local brokerage firm that specializes in foreclosed properties is moving its headquarters
from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building
shown here (before a recent renovation) for about $500,000, said Scott Wynkoop. The company's old office, at 21st and Meridian
streets, has been put under contract with a CPA firm. Brokers Rich Forslund and Matt Langfeldt of NAI Olympia Partners completed
the deal. What's on your mind?
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
A local brokerage firm that specializes in foreclosed properties is moving its headquarters
from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building
shown here (before a recent renovation) for about $500,000, said Scott Wynkoop. The company's old office, at 21st and Meridian
streets, has been put under contract with a CPA firm. Brokers Rich Forslund and Matt Langfeldt of NAI Olympia Partners completed
the deal. What's on your mind?
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Thank you for pointing out the absurdity of having The Naked Cowboy at Zoobilation. For the life of me, I don’t know why anyone would want a picture with that guy, but there were plenty of folks lined up to get a shot with him. The event could have used more restrooms out on the bridge, more photo booths and vendors offering something besides meat. There were a few more veg-friendly options this year than last, but it has a long way to go.
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Went to Zoobilation Friday night and had a great time. The weather was super nice and the food was very good, for the most part. Lots of sliders this year at many different tents. The slider from Alexander's was inedible, all four in my group ended up tossing it after one bite. Some tents were out of food by 8:30 and one bar area was out of cups at 8:30, not sure how that can happen. Great event in Indy and I look forward to it each year.
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Many of the small community hospitals are now owned by the "cash-strapped" Indy biggies, with more coming. The doctor-practise buying has been done precisely to sidestep tiered payments for out-of-hospital procedures. These are no better done, or safer, because someone administers a pain shot or snaps an x-ray in a doctor's office. And the non-payment issue is resolved next year when we all have insurance, even though many still think paying private insurers an extra 10-20% is what makes our system "world-class".
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I'd love to see this rendering put into the context of the surrounding neighborhood/area to get a better feel for the surrounding scale. However, just by the looks of it, it appears to be an excellent project. I'm pretty sure that if Scott Olson had said nothing regarding Chicago or Wrigleyville, Mr. "Horrible" would have found nothing bad to say. I'd love to know how Indy is becoming "Chicagofied"...
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Truly great and funny play. Vocalists were Broadway caliber and stage settings ideal for small stage. Would go again!
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It really makes no difference in the end. The government is going to tax people and they just move the numbers around to make things politically palatable. Property Taxes too high? Ok then...shuffle, shuffle, shuffle....carry the one...and -- BINGO! -- 7% sales tax.
Maybe. The trick is in determining who is really being taxed and who is benefitting. One could argue that lowering property taxes and increasing sales taxes punish the poor.
For instance, property taxes benefit the entire community in that they limit how much land people want to own. Essentially, property taxes prevent wasteful land use, sprawl and hording one's wealth. I'm all for that.
Sales taxes, on the other hand, only hit the Consumer (very anti-American come to think of it), and one could argue that the poor are hit twice because they're paying more taxes but they're not receiving the benefit of lower property taxes because they typically rent, rather than own their dwellings. I doubt landlords will pass the savings to their renters.
The Governor's tax plan does seem to favor the wealthy over the poor, in these respects.
This will, in my opinion, probably help seniors and those on fixed incomesin the long run. Property tax increases really hit them hard, whereas a sales tax increase probably won't since your average retiree or other fixed income person doesn't have as much disposable income to spend on things that get taxed.
Businesses can always raise their prices/rates to make up for higher taxes, but homeowners can't always get a raise from their employers, not to mention retirees or the diabled who are on fixed incomes.
I remember Harrison Ullman, NUVO's original editor, warning us that this day would come.
I'm on the North Side of Indy (Boad Ripple/Wash Township). Our rate is damn near 4%. If you don't think that hurts the community you're smokin crack!!!
Sales tax at 7% is on par with the rest of the country's metros. Tax consumption more and savings/investment less!!
If you lefty's want to see everyone move to Carmel keep wining about lower property taxes!
The notion that renters don't pay property taxes is absurd. Landlords have to cover their mortgage and taxes, and both are built into rent.
The price of a rental dwelling is PITIM (principal, interest, taxes, insurance, maintenance/management) plus profit. If taxes go up, rent goes up. If taxes go down, rents eventually adjust downward in the marketplace as competing landlords cut rent to increase occupancy because they can afford to.
Just because renters don't write a check to the Marion County Treasurer doesn't mean they aren't paying the taxes!
Great comment on the true tax rate of US cities. Obviously, we're just shifting numbers because we still have to fund schools, roads, fire/police but...
In too many areas of Indy the upper middle class and middle class are being driven out of the city. Why should I (or anyone else) stay in Indy when I can get so much value (tax savings) for moving to Carmel. Don't even get me started on crime and schools!!
MY MAN MITCH is trying to make it possible for me and other Young Profs like myself to stay in Indy and I'm thrilled about it. Hudnut: We can't be a suburb of nowhere!
1) Maybe you should listen to ExIHPC instead of calling them a commie b/c their comments about property taxes are true, in terms of policy standpoint and legal effect, just not in the absolute. They aren't mean't to end wealth hording, sprawl, etc., just control them.
2) One problem with sales taxes is that since 1994 the ability of sales tax to actually tax consumption has diminished to around 40%
3) One reason for not moving to the suburbs is that newer studies are showing that (In cities with better public transportation) moving to the burbs to save on home/land values and property taxes is non-existent b/c those saving are eclipsed by transportation expenses.
Sure, it can be staggering to see or imagine some people's accumulated wealth, but it's not anyone's business to punish them out of jealousy or indignation.
I would gladly pay more income tax so I would receive Social Security, healthcare, and have improved public transit. There is something seriously wrong with the nation when it is the wealthiest but does not have adequate healthcare for everyone. The average life expectancy for an African-American male in Yonkers, NY is 35 years old. In Kerala, India -- one of the poorest states in the world -- the life expectancy for a male is 70 years old. This is not because of a lack of violence within Kerala but instead because Kerala provides its residents healthcare.
There are two kids of poor people. One kind that complain about being poor and another kind that try to better themselves to get out of the situation.
I think that when you tax people on a consumption basis it helps those who want to be helped. If someone gets a second job, they get hit by even more with an income tax. If someone stops buying unecessary goods, they will save money and pay less tax.
I am a landlord. The prices or rent are already pretty competitive. Knowing that I'll be able to save more on my property tax and pass that onto my renters will help both me and my tenants.
I was looking at rental units her in Indy. These places were on the run down side and the tenants were on the poor side of the spectrum. Walking through the units you saw brand new TV's, tons of cigarettes, cable, cell phones, etc... I would hope that with a higher sales tax rate, perhaps some of this behavior would be modified.
I doubt it....unless the person didn't want to remain poor.
It's regressive on the middle class, and those on fixed incomes, too. For many people, the one big asset for retirement is their home equity. If we tax property at 4% of true market value every year, that takes away most or all of the annual capital gain (value increase) of the home. Worse, it taxes unrealized gains which we have to cover out of current income...we only see the actual increase in our home's value when we sell, but we have to pay the real estate taxes twice a year (or lose the house).
ever saw a punk show.