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05-11-2009, 03:15 PM
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Member
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Join Date: Apr 2009
Location: Omaha, NE
90 posts, read 48,269 times
Reputation: 20
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Quote:
Originally Posted by allistercrowly
I have a friend in North Michigan who says that things are very bad in North Michigan for most everything but building in particular. He said that probuild who had over 35 employees has laid off all but 11. They are on a skeleton crew. My uncles old home I worked on years ago in the 70s was just sold at auction for 18k. It cost more than that for building materials when it was built. I can not believe what I am seeing in Michigan. Homes in Gaylord were up to 175k for an avg. middle of the road home. And now I can think of 20 people who have moved and let their homes go to the bank just off the top of my head. It is not looking good. Anyone else have similar stories?
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Wow that's pretty grim. I was born & raised in Warren, Michigan went to CenterLine Schools. I moved out of Michigan in 1978 and went to Dallas/Fort Worth Texas, in 1990 I moved to Columbus, Ohio and in 2004 I moved to Tulsa, OK. My parents died so I only have a few people I know there in Michigan now. It's really sad to see my home state get so bad. Detroit is very bad. Back in the 1920's Detroit was a very nice city to live in- things really changed since then. The Michigan Wolverines also are doing bad.. We sold our parents home back in 1998 when my mother died. 
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05-11-2009, 06:01 PM
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Senior Member
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Join Date: Sep 2007
Location: Grosse Ile Michigan and Sometimes Orange County CA
4,607 posts, read 3,617,243 times
Reputation: 1790
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They would be lucky to get $250 million for the Ren Cen at this time, especially with the primary tenant leaving.
They talked about moving GM to the Chrysler building in Auburn Hills when a merger was discussed. Now maybe they could just buy the building from Chrysler. Maybe Chrysler will trade, they have not owned the Ren Cen yet.
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05-11-2009, 06:07 PM
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Senior Member
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Join Date: Mar 2009
Location: Harper Woods, MI
258 posts, read 97,265 times
Reputation: 70
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This is why I'm looking to relocate. Not that I hate the area, but I cannot watch this anymore. It's like watching someone bludgeon your relative and you can't do anything about it.
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05-11-2009, 06:21 PM
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Member
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Join Date: Apr 2009
Location: Omaha, NE
90 posts, read 48,269 times
Reputation: 20
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GM may move overseas. Michigan has some serious problems, I don't know it can ever turn around Unemployment is over 12% and jobs leaving.
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05-11-2009, 06:33 PM
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Member
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Join Date: Apr 2009
Location: Omaha, NE
90 posts, read 48,269 times
Reputation: 20
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Quote:
Originally Posted by actinic
Michigan is turning out to be a big urban experiment ... the state needs to shed 10% - 20% of its current population til some type of equilibrium is found. Obviously there's way too many people for the jobs available, something that's been going on for some time now.
Some would say fewer people is just fine as long as taxes don't get out of hand and unemployment benefits don't last to perpetuity to turn it into one big welfare state.
If jobs are available people will come. Til then they'll need to move and find employment elsewhere.
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The state can do alot to attract new business to Michigan by lowering taxes and things like that, but they won't. As it is now the best bet would be that if your jobless in Michigan to move elsewhere anyplace would be better than Michigan,-- Columbus, Ohio, Indianapolis, IN would be better and it's not that far away.  |
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05-11-2009, 07:21 PM
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Senior Member
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Join Date: Jan 2007
784 posts, read 284,043 times
Reputation: 237
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Quote:
Originally Posted by allistercrowly
I have a friend in North Michigan who says that things are very bad in North Michigan for most everything but building in particular. He said that probuild who had over 35 employees has laid off all but 11. They are on a skeleton crew. My uncles old home I worked on years ago in the 70s was just sold at auction for 18k. It cost more than that for building materials when it was built. I can not believe what I am seeing in Michigan. Homes in Gaylord were up to 175k for an avg. middle of the road home. And now I can think of 20 people who have moved and let their homes go to the bank just off the top of my head. It is not looking good. Anyone else have similar stories?
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Yeh. My parents used to live in West Branch until 14 months ago. They finally sold their home, but lost like 30% of the value. They felt they were desperate and had to get out, so they took what they could get for the house and left. They live in east lansing now, while I moved to Phoenix. I was in West Branch just recently and cant belive how economically depressed the area--and the entire state--has become. Very sad to see a nice area go so bad. West Branch and all those small towns nearby have become nothing but desperate people living in trailers and shacks. A few of West Branch's largest employers were reliant on the auto industry, and have closed as the industry goes down hill. West Branch is almost nonexistant anymore as everyone I know has left. The only jobs people in West Branch have anymore are the school system and Walmart. So sad. I'm sure the Smiley Watertower is sad too.
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05-11-2009, 07:28 PM
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Senior Member
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Join Date: Jan 2007
784 posts, read 284,043 times
Reputation: 237
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Quote:
Originally Posted by MittenDweller82
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I heard the news today. My prediction is that they will likely relocate to California, where they can compete with the Japanese; Texas, cuz things are doing better there; New York City; Wilmington, DE, where their creditor is; or the Washington DC area, where the GOV can run them.
Mark my words if/when GM moves out of Michigan, the state will totally implode if you think things are bad now. The thousands of employees at GM in MI will lose their jobs, worse than now. They will either lose their homes or be forced to sell them. Housing values will plummet. The remaining Big 2 may even think of leaving. Land values will fall. And people in Michigan will really leave by the droves, worse than now. Trust me, GM leaving will devastate the state. But GM will do whatever it must to survive, including leaving the Wolverine State.
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05-11-2009, 07:34 PM
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Senior Member
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Join Date: Jan 2007
784 posts, read 284,043 times
Reputation: 237
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Quote:
Originally Posted by sauerkraut145
The state can do alot to attract new business to Michigan by lowering taxes and things like that, but they won't. As it is now the best bet would be that if your jobless in Michigan to move elsewhere anyplace would be better than Michigan,-- Columbus, Ohio, Indianapolis, IN would be better and it's not that far away. |
Indianapolis is nice. Not that far away either. It is doing significantly better than the rest of the Midwest as a whole. There is actually some job growth. It was ranked as the best city for college grads, according to Forbes. It has 2pro sports teams. Downtown redevelopement. Cost of living is the most affordable in the country. Eclectic neighborhoods to choose from. Very family friendly suburbs. And the Indy Metro area is the fastest-growing in the Midwest. There's some cool things to do as well. |
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05-11-2009, 08:43 PM
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Senior Member
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Join Date: Jan 2007
784 posts, read 284,043 times
Reputation: 237
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the key to economic improvement in Michigan is three things: lower corporate taxes to keep business from wanting to leave, invest in tertiary economic activities of the future (research, developement, education and healthcare), and have jobs to keep the educated in the state.
But northern MI is in shambles. My parents lived up in West branch 'til 14 months ago. They finally sold their house, but got 30% less than what they wanted. They took their money and ran with what they could get for it, cuz the wanted to leave so badly. West Branch is almost a ghost town. The only major employers are now Walmart, the hospital and the school system. the factories relied on GM and shut down awhile ago. Most of the town is trailer park. Very sad up there. I live in Arizona now, thankfully dont live there anymore. ALL my friends and family who used to live there are gone as well.
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