Having trouble making decisions about your house? I recently talked to a neighbor of mine that winters in Florida. They have been retired here in Michigan for the past seven years and have decided to make Florida their primary residence. In the past they would winter in Florida and have Michigan as their permanent residence.
Everybody thinks Michigan has the worst economy in the nation, but as luck would have it, (that may be a pun) Florida could be in worse condition. They told me that values were down nearly 50% and that homes that were selling for $300,000 could be had for $150,000 or less.
Number one, that tells me that things are not as bad here in Allen Park as we think and that our recovery may not be as long as we think. Florida is primarily a vacation destination…think about it, if we can not afford to take vacations then they will not have our dollars to fund there economy. As we restructure our economy, don’t forget, Hollywood is near to coming to Allen Park; our jobs will be working to improve the economy in Florida. Warm and sunny days are on the horizon.