Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (72051)	2/3/2009 11:36:41 AM
From: Oblomov	Respond to of 118717

There are few restrictions on growth in the Indianapolis area, and new houses have gone up in development after development far from the city center. So there is lots of supply. Population growth in the state is small, on the order of 2 or 3%, compared with much higher growth rates in Oregon. So demand is higher in Portland. But even with these factors excluded, the market is priced well under Portland or similar cities. Median HH income in Indianapolis is a bit lower than that of Portland, but the average house price is only 3x - 4x the median income, so there isn't much of a bubble here.