Get ready Arnold, because Indiana is about to crush California. I'm not talking about violent fighting, I'm talking about a better place to live. Sure, California has some of the most beautiful coastlines in the world. And yes, they may have some of the most gorgeous beaches and it is home to some of the world's most famous celebrities. Not to mention the breathtaking views of mountains and the fact that Las Vegas is only a short car ride away. Indiana has the power to veto all those great things about California because of Indianapolis's Real Estate affordability.
Known as the crossroads of America, Indiana lies in the heart of the Midwest. Indiana is saturated with lakes and rivers and the beauty that comes with the four seasons of the year. Indiana is also home to Indianapolis, which is located in the middle of the state. That may not sound like a big accomplishment, but the Indianapolis Real Estate Market was in fact the most affordable housing market in America in 2006.
The National Association of Home Builders and Wells Fargo released a survey in November 2006 that named Indianapolis the most affordable housing market in America. It also named California the least affordable state in the country. According to the survey, 40.4 percent of existing and new homes that were sold were affordable to the families who were making $59,600, which was the United Stated median income of that time.
The Housing Opportunity Index released by NAHB and Wells Fargo measures the number of homes sold in any given area that are affordable to families who are earning that particular area's median income. In order to be considered affordable, the actual housing expenses, which include property taxes, insurance, and mortgage payment, must not exceed 28 percent of the income. The Indianapolis Real Estate Market, particularly the housing market, was voted the most affordable in the country, which is quite an accomplishment.
In and around Indianapolis, an astonishing 86 percent of homes that were sold in 2006 were sold at or below the city's median income which was $65,100 in 2006. So, someone earning the city's median income could afford to buy 86 percent of the homes that were sold. That statistic alone makes the Indianapolis Real Estate Market a very attractive place.
On the other hand, a mere 1.8 percent of all the homes sold in Las Angeles were affordable to the people earning the city's median income, which was $56,200. Sorry Arnold, the statistics speak for themselves and the statistics deem Indianapolis Real Estate very affordable for its citizens. Oh, I forgot to mention that Las Angeles is not the only city in California that was on the least affordable list. Santa Ana, Anaheim, Irvine, Modesto, Stockton, San Marcos, Carlsbad, and San Diego are the other big cities in California that accompanied Las Angeles on the list.
The Indianapolis Real Estate Market is attractive to anyone who wants to be able to own their own home comfortably and maintain a high quality of living. However, California is definitely the location for those who feel like struggling to make their mortgage payment every month. Hey, you always have the views and the short drive to Las Vegas!
Friday, June 19, 2009
Indianapolis auto insurance quotes - Some tips before purchasing your car insurance.
Auto insurance is to be dealt with extreme seriousness and is a must for car owners from all over the world. This is not an exception in Indianapolis, USA and it is a place where you can get various types of auto insurances done. This place also provides its customers with cheaper rates of auto insurance. In Indianapolis, drivers need to be aware of the news that the Department of Insurance doesn’t set up car insurance rates. It might mean that Indianapolis auto insurance companies would charge a lot more for insuring a particular vehicle but surprisingly the effect is simply the reverse. People looking for car insurance might just enjoy all the benefits of the competition that takes place.
There are many ways to find cheaper ways of insuring your vehicle while in Indianapolis. In case, a person is already paying a particular amount of premium for a life or for health and home policies then the concerned insurance company needs to be asked if they deal with Indianapolis car insurance as well. These companies usually offer a large degree of discount on almost all sorts of insurance that you purchase from them. In case they have an auto insurance option then you can always check it out at a discounted rate. It sure doesn’t hurt to ask and you should most definitely ask when you can actually save some bucks.
There is yet another method of saving some big bucks from car insurance and this involves a concerned person to ask for any available discounts for low mileage. There are people who drive their cars infrequently and that means that during a major time span this particular car or truck is lying idle on their property and there are companies that offer special car insurance for people falling in this category. There are several companies that present you with cheaper rates for such people and is required so that one can authenticate the mileage after a form is signed and then attested. Remember that Indianapolis car insurance quotes and rates are available online in many websites.
Speaking of the validation of the mileage, this ‘ritual’ takes place every year. It takes place when the auto insurance is renewed on a yearly basis. You surely wouldn’t want to cheat the officials on this matter if you have been driving more than what was permitted to you. In case, you are an occasional driver then you are most welcome to utilize the discount that is available for you to the fullest. The discount most certainly provides you with cheap car insurance deals in Indianapolis.
Subscribe to:
Posts (Atom)