IndyStar opinion columnist James Briggs has once again decided to give Fishers and Carmel a piece of his mind on a major issue – enacting caps on the number of single -family rental homes allowed in each neighborhood. Fishers has enacted such a cap and Carmel is in the process of passing their own ordinance.
Briggs takes the arguments from Fishers and Carmel officials and turns their arguments around. Briggs cites a number he listed in a March commentary on the same issue – the average homebuyer age is now 56. He argues it takes so much money, assets and credit history to qualify for a home mortgage these days that young families are largely priced out of the market anyway. Briggs asserts young families will not benefit from these rental caps.
Only more homes will provide an answer, which, according to Briggs, will not happen partly because of such caps.
And, of course, he takes a shot at Fishers and the roundabout at 96th Street and Allisonville Road.
it appears there is no paywall on Mr. Briggs commentary, so you can read it yourself at this link.