Indy officials taking notice of OOS investors

[Alan Curry]

https://fox59.com/news/fishers...

I’m in Indy and have noticed a few articles like the one above where city officials are seeing the trend of out of state investors buying up the houses in Indy and making it a rental instead of the house going to locals trying to buy their own home. I don’t think this means anything in the short run,  it I’m wondering what this will mean in the long run of city/county/state officials start to look into policies that will make Indy harder for investors to invest here. 

[Harvey Levin]

The same thing happened after the effects of the 2008 crash when many OSI let the properties fall into horrible conditions. At that time the city started calling out Foreign Investors around 2013 through 2015. Indy used that as an excuse to implement the Landlord Registration. HOA's are concerned as many rentals are not kept up in proper condition. My personal belief is that we will start seeing more restrictions in the coming years with Indianapolis leading the way depending on who the next Mayor is. The current City Council is very anti Landlord. I also see in the very near future for more subsidized Apartments being built all over including B class areas as the former low-income areas are gentrified and prices force low-income residents to move. Chicago went through this in the early 2000's.