Champaign Illinois too high to buy?

[Matthew Davis]

I’ve partnered with an owner of quite a few properties in Bloomington and Decatur. Together him and I own a 32 unit just outside Decatur, and it’s doing well. I have a few more units in Urbana that do ok, but not killing it. My question is the prices in the Urbana/Champaign area. They seem so high as compared to places just outside city limits. Just compare the same type of property in Bloomington, champaign and Decatur. How can these prices be so different? Interesting.