more housing and more affordable housing is needed in every community, so why vilify landlords and investors? Additionally, property taxes are reasonable in most communities in Michigan compared to other places; current Michigan law caps property tax increases to a maximum of 5%, which we are just now starting to hear about with inflation as high as it is. Good governance equals housing demand. Yes, Michigan is home to Detroit and the auto industry, but it also boasts many other industries, including tech startups, established tech companies, pharmaceutical companies, food producers, and a strong manufacturing, service, and tourism economy. These are just a few business categories Michigan boasts. NO. 4 Diversified Economy Additionally, it’s home to excellent higher educational institutions. Whatever the category of business, Michigan probably has it at a world- class level. There is even talk of creating an active space launching program on the shores of Michigan. Jobs equal housing demand. Michigan has an educated and diverse workforce, ranging from the trades to professional services. The state has fine higher education institutions and affordable com- munity college programs. Families are proud of their public schools in Michigan. Fortunately, residents’ demand for good schools is being met by community schools. Good schools equal housing demand. NO. 5 Educated Workforce
There’s always opportunity in real estate. It’s just a matter of finding that opportunity in the current market.” —Samantha DeBianchi
NO. 6 Abundant Natural Resources Probably one of the biggest strengths Michigan has as a state and local economy is its abundant natural resources. Although some places, unfortu- nately, are concerned about water shortages, Michigan has lakes so big you cannot see land when you cross them. The climate is temperate with the benefit of all four seasons. Michigan also has forests, dunes, and abundant wildlife. Animal attacks are mostly unheard of, so you can enjoy the many national and state parks and swim in the water without much concern. In fact, deer run around like dogs and are probably the biggest wildlife threat while driving. As a result, the tourism industry is robust, which is good for short-term rentals. Many local utility companies are able to generate energy from minerals, wind, solar, and water. The state’s productive farmland means Michigan is a large producer of food. (Farmland is another excellent real estate investment locally.) All of this makes Michigan a desirable place to live, visit, and invest. Beautiful, abundant, natural resources equal housing demand.
Jeff Roth is the founder of Arbor Advising in Ann Arbor, Michigan. Arbor Advising is a real estate consultancy dedicated to growing and securing the wealth of its clients and about helping clients invest, buy, and sell in Michigan. You can contact Jeff at jeff@arboradvising.com, or www. arboradvising.com or subscribe to the weekly newsletter at www.arboradvising.com/subscribe. are world class and produce an educated workforce in a variety of fields. Finally, Michigan is home to all five Great Lakes and has an abundance of natural resources. So, if strong cash-flowing properties are rare near you, consider Michigan for your next real estate investment. • historically and more so recently, but still affordable. All communities in Michigan need more housing and affordable housing, and they are fair with landlords. The annual property tax rate is capped. The economy in Michigan is diverse and no longer just home to the Motor City. The educational institutions in Michigan CONSIDER MICHIGAN FOR YOUR NEXT INVESTMENT Although there are certainly many beautiful and outstanding places to invest in the country, consider Michigan for your next real estate investment. You can still buy strong cash-flowing properties. Appreciation in rents and property value have been reasonable
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