Wednesday, January 20, 2010

Lake Michigan Property values

Finally the Lake Michigan water front property values are under pressure - foreclosures may this year make this part of the real estate market difficult.
Already it has been a slow market but now that the numbers of foreclosures seem to be increasing in this market it will give entry level investors a good opportunity while putting others under pressure to sell.
Ultimately the property values will strengthen and increase but I can't say just when that will happen.
One thing I can say for sure is that Foreclosures and the prospect of a Wind Farm close to shore are 2 factors that must go away before we will see any confidence return to the market.
The Wind Farm business also affects the second home market in general. No-one wants a second home in an industrial area - which is what our playgrounds will become if this Wind Farm nonsense as allowed to proceed.
WRITE TO YOUR REPRESENTATIVE AND YOUR SENATOR ! ! ! - now!!!
Please!!
The GOOD NEWS is that a lot of people who could not afford a home previously are now in the market and acquiring nice homes in the under $150,000 range.
Keep well
Sincerely
Quintus

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