[nomosno]

I was sent a link to a forbes online article that was titled, "The Hamptons Of Michigan? 10 Good Reasons To Visit The Lower Peninsula". The article focused on how New Yorkers are buying up waterfront in and around Traverse City and all of Northern Michigan. The 2 hour drive from the city to the Hamptons is like a 2 hour flight to Traverse City. And For a fraction of what a home costs in the Hamptons you can get a beautiful waterfront home on Lake Michigan.

Search Property in Grand Traverse County, Leelanau County, and all of Northern Michigan with real estate Specialist, Magda Couturier a realtor with Traverse North Realty in association with Traverse City home search.

[Giesela]

I don't think this is news, has been happening for a couple of years. I suppose its good for some people who are making a lot selling but its not good news from my perspective. Not personally or for the state.

[joemits]

I agree with Giesela~ We were in Quebec City a while back and there was a lot of New York Money buying up places in Old Quebec that was forcing locals out of the market. Double edge sword for sure.

[michmoldman]

Double edged sword for sure, but hey....it was bound to happen that people start seeing what an amazing state this really is. I think after a while things will blow over a bit as far as the TC area being compared to The Hamptons, I mean sure there will be a lot of New Yorkers buying...but I'm sure most want to stay associated with the name as kinda a social status type thing. It will be good for me when I move my business up there though.

[Coldjensens]

Fine with me as long as they don't come here and expect us to talk funny and be rude so they can feel like home.

[Peter B]

Yes, but if they can improve the culinary situation, God bless them

Originally Posted by Coldjensens

Fine with me as long as they don't come here and expect us to talk funny and be rude so they can feel like home.

[cosmicrowbar]

Originally Posted by Giesela

I don't think this is news, has been happening for a couple of years. I suppose its good for some people who are making a lot selling but its not good news from my perspective. Not personally or for the state.

Jeez, Gisela....what, exactly is wrong with money coming into NW Michigan from other states?

Will your property values rise too much? Will too many home improvement businesses (contractors, landscapers, interior designers, retailers, etc) get new and well funded customers? The restaurants are going to get crowded? People who have been sitting on property wanting to sell can finally do so without losing their shirts?
The horror.....the horror...

I guess I'm having trouble seeing the downside of more people discovering NW Michigan...care to explain?
Thanks in advance.

[cosmicrowbar]

By the way....this (property buyers from other states) has been happening in Leelanau Cty since around 1900, and local people still buy houses. They also have jobs....our unemployment rate is 6.8 %, tied with Washtenaw for second lowest in the state.

They pay sky high non-homestead taxes so local people can have lower tax rates, normally don't put kids into the school system, spend money freely, buoy the real estate market, and create jobs and profits for local small businesses.

So what about that downside?