Letters

Letters 08-29-2016

Religious Bigotry President Obama has been roundly criticized for his apparent unwillingness to use the term “radical Islamic terrorism.” His critics seem to suggest that through the mere use of that terminology, the defeat of ISIS would be assured...

TC DDA: Focus On Your Mission What on earth is the Traverse City DDA thinking? Purchasing land around (not within) its TIF boundaries and then offering it at a discount to developers? That is not its mission. Sadly enough, it is already falling down on the job regarding what is its mission. Crosswalks are deteriorating all around downtown, trees aren’t trimmed, sidewalks are uneven. Why can’t the DDA do a better job of maintaining what it already has? And still no public restrooms downtown, despite all the tax dollars captured since 1997. What a joke...

European-Americans Are Boring “20 Fascinating People” in northern Michigan -- and every single one is European-American? Sorry, but this is journalistically incorrect. It’s easy for editors to assign and reporters to write stories about people who are already within their personal and professional networks. It’s harder to dig up stuff about people you don’t know and have never met. Harder is better...

Be Aware Of Lawsuit While most non-Indians were sleep walking, local Odawa leaders filed a lawsuit seeking to potentially have most of Emmet County and part of Charlevoix County declared within their reservation and thus under their jurisdiction. This assertion of jurisdiction is embedded in their recently constructed constitution as documentation of their intent...

More Parking Headaches I have another comment to make about downtown TC parking following Pat Sullivan’s recent article. My hubby and I parked in a handicap spot (with a meter) behind Mackinaw Brew Pub for lunch. The handicap spot happens to be 8-10 spaces away from the payment center. Now isn’t that interesting...

Demand Change At Women’s Resource Center Change is needed for the Women’s Resource Center for the Grand Traverse Area (WRCGT). As Patrick Sullivan pointed out in his article, former employees and supporters don’t like the direction WRCGT has taken. As former employees, we are downright terrified at the direction Juliette Schultz and Ralph Soffredine have led the organization...

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Jack Lane

 
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Monday, February 23, 2009

The future of real estate in Northern Michigan

Other Opinions Jack Lane I know we’ve all been shaken dramatically by the double whammy of the stock market dive and the real estate market dive. Worse yet, none of this was our fault – we were just playing the Great American Dream the way we were taught. Yet, tens of thousands of dollars have disappeared from our vision of what we thought we were worth.
I have good news for you. This is not the end of times. Most of us will be worth that much, again – and more. There have been nine other pronounced real estate declines in the history of this great country – and, every time, real estate has bounced back in dramatic fashion. This one will have the same result.
If you’re a seller, you hate this market. If you’re a buyer, this is the market you dream of. Keep in mind that most sellers will turn around and become buyers – so, even their dilemma is not as painful as the headlines suggest. Does it suck to be in this position? Absolutely! But whining doesn’t accomplish much. Besides, there is a silver lining to this “crisis,” so let’s have a look at the situation and decide how to proceed:
 
 
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