IS IT TRUE? March 7, 2011

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The Mole #??

IS IT TRUE? March 7, 2011

IS IT TRUE that there were 58 residential properties in the City of Evansville reported as having been sold in the Courier and Press yesterday?…that the highest sale price reported among those 58 homes was $30,000 and that the lowest price reported was for only $300?…that the median price of these 58 homes was $7,800?…that a number of these homes were in and around the Front Door Pride area and the areas north of the Lloyd Expressway and south of Diamond Avenue?…that this is quite a large sample of sales to show such low sale prices?…that this kind of data does not bode well for the local economy?…that we wonder why realtors and elected officials continue to crow about how the housing market in Evansville was not impacted by the recession with numbers like this being published?…that maybe there is a bit of denial going on within the self serving segments of our community?…that when 58 houses sell in legitimate transactions for a median price of $7,800 that there is a problem with real estate within the City of Evansville that Front Door Pride homes will not solve?

IS IT TRUE that the Chicago Tribune reported in May of 2009 that the median home price in Detroit had fallen to $7,500?…that even veteran market watchers were completely shocked at that number?…that based on the recent sales data for Evansville’s $7,800 median that we are also shocked?…that the comparisons to Detroit just continue to amaze us?…that neither number is likely to fully describe the markets in either city?…that they are stark reminders of just how low of a value is placed on residential properties in shrinking cities during challenging times?…that for the curious that the link to the story about the $7,500 per house median for Detroit is below?…that another shocking but informative article about the slide from $7,500 to $6,000 and how it compares to Danville, IL is also linked just below?

http://www.businessinsider.com/median-home-price-in-detroit-7500-2009-3

http://globaleconomicanalysis.blogspot.com/2009/06/medium-home-prices-in-detroit-fall-to.html

IS IT TRUE that the City County Observer really hopes that the City of Evansville can find a way to stop following in the footsteps of the City of Detroit?…that the parallels are really getting scary?

IS IT TRUE that the consolidation committee has recommended maps for Council members of the proposed consolidated government based on the population of census tracts from the 2000 census?…that the demographics and the population distribution of Vanderburgh County have changed enough in 10 years to render the 2000 census to be obsolete and useless for such purposes?…that any actions taken on 2000 census data will be deemed to be irrelevant based on these changes?…that a complete new map needs to be drawn before any recommendations can be taken seriously?…that based on the new data that the currently unincorporated parts of the county will make up 3 of the “wards” if consolidation actually passes?…that with the rate of voter registration and actual voting that this will essentially create a situation where the county actually annexes the City of Evansville?…that this is what has been needed for some time?…that the City of Evansville needs to take lessons on governance from outside of its own borders?…that we can all thank the Vanderburgh County Surveyor, Mr. Bill Jeffers for an excellent article that has illuminated just how much of a difference that the population shifts of the last 10 years have made?…that in 10 more years the county will be even a larger part of the population of Vanderburgh County and an even more formidable area to be dealt with?

RELATED ARTICLESMORE FROM AUTHOR

4 COMMENTS

  1. Thank You for posting this. This just proves what I’ve been saying that we desperately need a development project to come in a stimulate the Garvin Park/Kleymeyer Park area. Why not embrace the ball fields idea?

  2. All this just proves why we need consolidation! It is just plain silly that anyone would attempt to sell “the area” to prospective businesses and “young professionals”. No, it must be sold only as “Evansville”. “The area” is too confusing, even to “young, educated professionals”. It is far too much for them to absorb. It offers too many choices and making a decision where to live becomes too complex.

    Therefore, to succeed and grow, we must sell “Evansville”. To do this, it must be consolidated with the rural areas of the county. That would bring the median income and home price statistics up significantly in addition to the population figures. Of course, it would also mean a substantial increase in taxes for rural residents, but that is the price that must be paid to improve everyone’s lot. If you don’t like it, then move.

    One must make statistics as simple as possible so “young, educated professionals” can absorb them. Then, as they are buying that home in what is present day rural Vanderburgh county, they are really buying a home in Evansville! Fooled them, huh? See how it works? You don’t have to change reality, just definition.

    With only a rigged referendum and the stroke of a few pens, everything changes for the better! The bean counters get to pronounce a totally revitalized city with all these new and wonderful statistics when, in reality, absolutely nothing changed except higher taxes and a few lines on a map! Just move a few boundaries and, all of a sudden, you go from a declining city to a robust, growing one with rising incomes!

    What ever would be do without greedy, incompetent politicians and bean counters to create our reality for us? What a scary thought!

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