Letters 10-24-2016

It’s Obama’s 1984 Several editions ago I concluded a short letter to the editor with an ominous rhetorical flourish: “Welcome to George Orwell’s 1984 and the grand opening of the Federal Department of Truth!” At the time I am sure most of the readers laughed off my comments as right-wing hyperbole. Shame on you for doubting me...

Gun Bans Don’t Work It is said that mass violence only happens in the USA. A lone gunman in a rubber boat, drifted ashore at a popular resort in Tunisia and randomly shot and killed 38 mostly British and Irish tourists. Tunisian gun laws, which are among the most restrictive in the world, didn’t stop this mass slaughter. And in January 2015, two armed men killed 11 and wounded 11 others in an attack on the French satirical magazine Charlie Hebdo. French gun laws didn’t stop these assassins...

Scripps’ Good Deed No good deed shall go unpunished! When Dan Scripps was the 101st District State Representative, he introduced legislation to prevent corporations from contaminating (e.g. fracking) or depleting (e.g. Nestle) Michigan’s water table for corporate profit. There are no property lines in the water table, and many of us depend on private wells for abundant, safe, clean water. In the subsequent election, Dan’s opponents ran a negative campaign almost solely on the misrepresentation that Dan’s good deed was a government takeover of your private water well...

Political Definitions As the time to vote draws near it’s a good time to check into what you stand for. According to Dictionary.com the meanings for liberal and conservative are as follows:

Liberal: Favorable to progress or reform as in political or religious affairs.

Conservative: Disposed to preserve existing conditions, institutions, etc., or to restore traditions and limit change...

Voting Takes A Month? Hurricane Matthew hit the Florida coast Oct. 6, over three weeks before Election Day. Bob Ross (Oct. 17th issue) posits that perhaps evacuation orders from Governor Scott may have had political motivations to diminish turnout and seems to praise Hillary Clinton’s call for Gov. Scott to extend Florida’s voter registration deadline due to evacuations...

Clinton Foundation Facts Does the Clinton Foundation really spend a mere 10 percent (per Mike Pence) or 20 percent (per Reince Priebus) of its money on charity? Not true. Charity Watch gives it an A rating (the same as it gives the NRA Foundation) and says it spends 88 percent on charitable causes, and 12 percent on overhead. Here is the source of the misunderstanding: The Foundation does give only a small percentage of its money to charitable organizations, but it spends far more money directly running a number of programs...

America Needs Change Trump supports our constitution, will appoint judges that will keep our freedoms safe. He supports the partial-birth ban; Hillary voted against it. Regardless of how you feel about Trump, critical issues are at stake. Trump will increase national security, monitor refugee admissions, endorse our vital military forces while fighting ISIS. Vice-presidential candidate Mike Pence will be an intelligent asset for the country. Hillary wants open borders, increased government regulation, and more demilitarization at a time when we need strong military defenses...

My Process For No I will be voting “no” on Prop 3 because I am supportive of the process that is in place to review and approve developments. I was on the Traverse City Planning Commission in the 1990s and gained an appreciation for all of the work that goes into a review. The staff reviews the project and makes a recommendation. The developer then makes a presentation, and fellow commissioners and the public can ask questions and make comments. By the end of the process, I knew how to vote for a project, up or down. This process then repeats itself at the City Commission...

Regarding Your Postcard If you received a “Vote No” postcard from StandUp TC, don’t believe their lies. Prop 3 is not illegal. It won’t cost city taxpayers thousands of dollars in legal bills or special elections. Prop 3 is about protecting our downtown -- not Munson, NMC or the Commons -- from a future of ugly skyscrapers that will diminish the very character of our downtown...

Vote Yes It has been suggested that a recall or re-election of current city staff and Traverse City Commission would work better than Prop 3. I disagree. A recall campaign is the most divisive, costly type of election possible. Prop 3, when passed, will allow all city residents an opportunity to vote on any proposed development over 60 feet tall at no cost to the taxpayer...

Yes Vote Explained A “yes” vote on Prop 3 will give Traverse City the right to vote on developments over 60 feet high. It doesn’t require votes on every future building, as incorrectly stated by a previous letter writer. If referendums are held during general elections, taxpayers pay nothing...

Beware Trump When the country you love have have served for 33 years is threatened, you have an obligation and a duty to speak out. Now is the time for all Americans to speak out against a possible Donald Trump presidency. During the past year Trump has been exposed as a pathological liar, a demagogue and a person who is totally unfit to assume the presidency of our already great country...

Picture Worth 1,000 Words Nobody disagrees with the need for affordable housing or that a certain level of density is dollar smart for TC. The issue is the proposed solution. If you haven’t already seen the architect’s rendition for the site, please Google “Pine Street Development Traverse City”...

Living Wage, Not Tall Buildings Our community deserves better than the StandUp TC “vote no” arguments. They are not truthful. Their yard signs say: “More Housing. Less Red Tape. Vote like you want your kids to live here.” The truth: More housing, but for whom? At what price..

Home · Articles · News · Letters · A home buyer‘s...
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A home buyer‘s Paradise...Lost?

Robert Downes - February 21st, 2011
A Home Buyer‘s Paradise... Lost?
Here in the Midwest, we live in a home-buyer’s paradise compared to much of the rest of the world. Realtor Jack Lane (who hosts a real estate show on WTCM-AM) notes that the median price for a home in Grand Traverse County in 2010 was $145,000. The region’s high is Leelanau County, where the median price was $205,000 last year. In Kalkaska County, however, the median price was just $65,000. The median price for a home in Petoskey is reportedly $169,000.
By contrast, the median price for a home in San Diego County last year was $305,000. It was $225,000 in Denver and $205,549 in Fort Lauderdale.
So we’ve got some bargains in Northern Michigan (Leelanau County notwithstanding) and you’d think there would be something of a land rush on here in the region.
What’s holding people back?
“History will show you that most people will wait and wait, hesitant to act before the entire crowd acts,” Lane says. “Therefore, not until interest rates begin to rise and headlines begin to say ‘Housing recovers!’ will you see the market kick back to the levels of ten years ago. Most buyers need ‘the psychological permission’ of the masses. The really smart people are either already wading into the water or are donning their hip-waders as you’re reading this.”
He adds that banks have largely returned to the practice of requiring 20% as a down payment on a mortgage (although the federal government is already backing 3% down loans). Banks are also dishing out the tough love for people with bad credit.
So, imagine a young family trying to come up with a 20% down payment on a $145,000 median-priced home -- that’s $29,000 -- a lot of loot if you’ve got kids and an iffy job situation, not to mention the closing costs. Or, imagine the well-off couple in the $100,000-$175,000 income range, who (as Lane notes) “tend to have typically less than stellar credit.”
Both parties may be out of luck in their hunt for a home for the time being.
Here’s what Lane says is the problem with today’s home-buying market, in order of importance:
1. Consumer confidence in real estate remains low. Until people again believe buying real estate is a wealth builder, the market will not flourish.
2. Banks have eliminated a big chunk of the potential buying market with their new (or shall we say old) requirements of a 20% down payment.
3. Low appraisals (referencing distress sales) are coming in below purchase prices and thus killing deals.
4. High-end speculators, who pushed the 1990-2005 real estate craze -- have also disappeared from the buyer pool, further exacerbating the home supply problem.
Another problem:
“We overbuilt and underfunded for a long, long period. In 2005, 26% of all sales were second home sales,” Lane says. “An absurd number! When we were kids, you could count on about two hands all of the people in town who had two homes; 26% was a preposterous level. My guess is that maybe 7-10% of all people are economically fit to own more than one home. So, now we have to wait until all that overbuilt supply is sold/foreclosed on or torn down and markets adjust, price-wise, before what’s left of the demand side of the market gets anywhere near back in line with the supply.
“This means construction isn’t about to come back any time soon, absent some wildly innovative government program that doesn’t appear to be on the horizon. We’re building less housing units in America, today (300,000) than at any time since 1960. And there are 135 million more people now than there were then.”
Real estate certainly isn’t dead in the water in Northern Michigan, however. The five-county area including Grand Traverse, Leelanau, Benzie, Antrim and Kalkaska accounted for 2,045 homes sold last year, with more than half of them (1,087) sold in Grand Traverse County.
If you’ve watched the real estate listings over the past year, you can’t help but notice there are a lot of bargains on the market Up North and in Michigan in general (in Detroit, HUD homes are going for as little as $1,200).
My wife and I enjoy watching the HGTV home & garden channel at night, with shows such as “House Hunters” and “Property Virgins” depicting the search for housing all over the world -- Cairo, Copenhagen, Toronto, northern France, the Seychelle Islands -- you name it. We can‘t believe the insane prices for homes elsewhere, even for properties that look like dumps. Often, you see couples on these shows shelling out $500,000 or so for homes that would go for one-quarter of that here in Northern Michigan -- still a home-buyer’s paradise.

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