Hello guys, Why is land in Michigan inexpensive? Is there a downside?
1 Like
Hey Mason. I have also heard that a lot of houses in Michigan are unoccupied. Could it be that the city has an oversupply of houses?
1 Like
I have lived in Michigan since the summer of 2010 when I was in high school. Moved in from Texas with my mom and her ex-boyfriend. Never liked the place. Few blue-collar jobs, very rural to my taste, and the winters get so brutal.
4 Likes
When compared to other states or locations, residences in Michigan may be comparatively less expensive for a number of reasons:
Economic Factors: The fall of the automobile sector has been a major factor in Michigan’s economic struggles in recent decades. As a result, there is less demand for homes and fewer people in some places, which may result in decreased property prices.
Location: Michigan’s Midwest location, in instance, might not see as much demand as more populated or appealing coastal places. A number of regionally specific factors, including amenities, employment prospects, and proximity to large cities, influence home pricing.
Housing Market Conditions: Lower prices may also result from certain housing market conditions, such as an excess of available homes compared to demand. Sellers may need to reduce prices in order to draw in buyers if there are more homes on the market than there are interested parties.
Cost of Living: Compared to certain other states, Michigan has a generally lower cost of living, which has an impact on house costs. Reduced prices for goods and services can help keep housing costs lower by making it more affordable for locals to purchase homes.
Property Taxes and Regulations: These two factors may also have an effect on the cost of dwelling. The rates and laws governing property taxes in Michigan may differ from those in other states, which may have an impact on the total cost of homeownership.
It’s crucial to remember that housing costs can differ significantly across Michigan, with certain regions seeing greater costs than others because of things like robust local economies, enticing amenities, or close proximity to large cities. When it comes to home affordability in Michigan, a number of market, demographic, and economic factors can have an impact.
1 Like
It’s so rural for my liking. So lots of land is cheap because it’s rural and not modern enough for people to move there and live in in general.
Also, consider that Detroit, Ann Arbor, and Grand Rapids are the only lively towns. You move out of those cities and utility and internet options become a luxury
1 Like
These are locations with limited access to schools and hospitals, quickly displacing young families and many retirees.
A large chunk of Michigan is far from civilization, which is fantastic if you can hunt and don’t mind being an hour away from a hospital. While there are some pleasant areas, they are not very affordable. Well, Ann Arbor and Traverse City certainly aren’t.
You know, I always wonder why people think Michigan is a cheap place to live. Some places like Detroit and Ann Arbor aren’t, anyway. Detroit is prominently black, unlike the rest of Michigan.
Generally, but I guess it’s because the greater Michigan is far away from modern amenities, bad internet connections, etc.
I would say it is a good place to retire and find solace and peace
Hey, Mason. It’s inexpensive because there’s no draw, Detroit’s a decaying corpse, and the suburbs are rather disgusting. Aside from a few pricey places, most of your urban regions are not outstanding. Rural and northern Michigan are beautiful, but it’s difficult to find work, let alone a fair wage.