Housing gridlock

June 23, 2009
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Itâ??s old news that houses arenâ??t selling. But did you realize the situation is so bad that migration around the country has all but stopped?

Thatâ??s what Ball State University economist Mike Hicks and a colleague at the Mackinaw Center for Public Policy found in an examination of stats from a moving company and other sources.

In some cases, one spouse is moving and the other is staying behind in order to sell the house, their study says.

Ironically, they note, Indiana appears to have gained population last year while Michigan, another big manufacturing state, hemorrhaged dearly.

Does this square with your experience or observations?
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  • Yes! Think about it. Back in the late 70's early 80's you had a larger group of people that were renting. It was easier to pick up and move and follow the jobs wherever they were at.

    Now, if you do find another job - its the hardest time to sell, and it's even harder to just migrate to where the jobs are. Partly, because, no one knows where the jobs won't be affected - so a lot of people are staying put and one household member may drive an extra hour. I have a friend who he and his wife and kid have been trying to sell a modest house in the 175-200K range because he got a job at CraneNSWC. Well, they can't sell - not too many housing options in Greene county - so he is driving the 2.5 hours each day until they can find something, thus putting even more strain on the finances cause of the communiting cost.
  • I personally know of at least 5 people that have moved from Michigan to Indianapolis. The economy is bad in Indiana.......but seemingly much worse in Michigan.
  • Urbanophile has repeatedly shown us stats regarding net in-migration to our fair city. Indy has ranked at or near the top in this category versus the rest of the Midwest since 2000 I believe.

    Even Chicago has seen consistent net out-migration...

    Indy is consistently shedding the image of a sleepy town- once a young professional visits our city, they sing our praises. This is a hip town contrary to what some around here may thinnk.
  • I agree. Indy draws heavily on people from other areas (Ft. Wayne, Michigan, and Ohio come immediately to mind). It's the finest large city in the Midwest, in my opinion.

    It's in no way hip, though; and very much sleepy. What draws the young professionals are the job opportunities, very cheap cost of living, and the chance to live somewhere that's improving. That last quality is very rare anywhere, nowadays, but particularly in the Midwest.

    Well that's my two cents.

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