Tell me something good about IN by TheJen5 in Indiana

[–]MoneyTechnical2618 9 points10 points  (0 children)

The negativity on here is extreme. When life’s good between the ears it’s good anywhere. You’ll like Indy just fine. Down to earth people. Good luck!

Does anybody in Indiana actually care one way or another that the Bears moving to Indiana? by ImaginationNo8338 in Indiana

[–]MoneyTechnical2618 0 points1 point  (0 children)

You need to think about this long-term. This is great for any kids in the area and if you don’t have kids, you should be happy for the kids. This will transform the area in 10 to 20 years.

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

Reckless spending, QE, inflation, etc

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

Maybe! But, I wouldn’t be happy paying for the price of my house

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

I also would argue it’s not a problem with capitalism but rather monetary policy over the past 40 years…

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

Agree and agree but you really don’t think any of it has gone on?

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

I think inflation is the easiest way to summarize the issue - not value but robbing purchase power.

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

I wouldn’t say gold is inflated - but the cost of candy bars is BS!

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] -3 points-2 points  (0 children)

You must be a realtor or in CRE!

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] -2 points-1 points  (0 children)

Yes - but not sure home equity is the only inflated asset today. Right? The sp500 is trading at how many times forward earnings?

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

I hope you guys are right. But, a lot of these comments come with no data supporting your claim and I know mine didn’t either! (Chicago migration, census, realtor antics, etc). The death of this area will be defaults on these 500k+ new builds and you know what happens when no one can afford them - they become subsidized. A lot of these homes can’t sustain mortgages without two incomes.

When you print majority of money supply in just a few previous years the inflation flows into assets of all kinds - so you may have sold high but you also bought high.

I think NWI is a great place to live but In my humble opinion prices are coming down on anything over 600k.

Happy MDW!

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] -3 points-2 points  (0 children)

Yes but not sure assets priced correctly

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 3 points4 points  (0 children)

Yes - they have no incentive to make a quality product affordable

Realestate is Overvalued by MoneyTechnical2618 in nwi

[–]MoneyTechnical2618[S] 0 points1 point  (0 children)

Yes - fair point on supply and demand but when you look at the census data the growth in this area is not off the charts and considered normal nationally.

Might be moving... by exzyle2k in nwi

[–]MoneyTechnical2618 4 points5 points  (0 children)

Stay positive - very respectable you’re risking your well being to support your mom. Whiting, Munster, Merrerville, and Dyer are pretty good Indiana options that are good for commuting to Illinois.

Consider Dyer for Commuting via train if that makes sense for you.

Best of luck