Plus, for what it's worth, there are some ambiguous signs that the US economy might not be as healthy as it seems (potentially overvalued stock market, weaker-than-expected job creation over the past year, the "sub-prime" auto loan bubble, the student loan bubble, the vast and growing generational income inequality, etc.). But I think that's a whole can of worms best suited for discussion elsewhere!
By all accounts I've read there's no sign of a recession or even an economic slowdown. It's true that we're "due" for a slowdown but the last recession was unusually severe, probably the worst economic downturn since the great depression, so we may be poised for a longer than normal period of growth due the lows that we've climbed from. Even if we do experience a downturn it will likely be much milder than the previous recession and likely wouldn't affect real estate as much. I'm cautiously optimistic about the direction the US economy is headed, manufacturing is becoming viable here again, we continue to create new industries and we're still the place to be for entrepreneurs and innovators.
I do know that recessions come in cycles, however, we happen to be in a global economy that is still expanding, with places like the African continent being included in development plans by China and the E.U. while they are still expanding their own economies. I am hoping that these plans will lead to millions of more people with money wanting to buy things we make in Lansing and the USA. If there is some sort of slow down I think Lansing will weather it well. Yes, let's get those shovels in the ground!
Lots to take in after the election now. With Whitmer hopefully we'll see more infrastructure spending to fix the roads since that was her main agenda item. And with marijuana legalization we should see more taxes coming in too.
Yes, this should be very good for all the reasons you have mentioned. The passing of Proposal 2 and 3 will also help our future out greatly. Less gerrymandered districts will remove more extreme candidates from both sides and should help get politicians that better represent the people of Michigan.
I was sorry to see the annexation pass. It sounded like the owner of one of the commercial buildings there who was looking to open a marijuana-related business. Since Delta Township wouldn't allow it he wanted the area annexed by the city of Lansing with their seemingly more welcoming laws. I found it interesting that city councilmembers were against the annexation.
Probably the most disappointing part for me was his lack of payment of back taxes. I remember reading in the LSJ that he said he'd pay the back taxes owed if the annexation passed, instead of paying them before the election. And to top it off he isn't even an Ingham County resident. I think he was from Howell. Seems like a lot of red flags for someone hoping to open any kind of business, let alone one where he needs to convince local government to choose his business over others.
Sorry for the long rant. This one really bothered me.
I think it is a good thing for this area to be under Lansing zoning and usage laws. I would like to see something like this happen on the east side. It seems like this fellow moved a lot of heaven and earth to make this happen to get on the ballet and passing. I am hoping this would indicate that the owner has plans to improve this strip. There are going to be marijuana businesses and I think we should stop looking at them as a nuisance, they will now be regulated and taxed. You can buy real deadly poison, tobacco and alcohol on almost every corner, substances that kill so many every day, yet this culture is celebrated while marijuana has this shady negative place in some people imaginations. Most things people who do not use marijuana believe about marijuana are not true. It is such a great thing that this ridiculous prohibition is ending here in Michigan!
The non-discrimination law protects people based on race, gender, and age. There are probably a few others. But it doesn't include sexual orientation or identity. Nessel campaigned on trying to protect more groups.
I agree it is a downturn that is possible especially with the current "leader" in DC. What gives me a little hope is despite all this trade war nonsense the economy has kept rolling along quite well. I would think with different leaders and retreating from this anti-reality stance, ending trade wars could keep us from a recession and if all went very well in the next election we could find Congress funding many government projects like with infrastructure, fighting climate change and creating clean energy that would create more jobs. Universal health care could give people more money to spend on something else other than insurance. A realistic minimum wage could lift many out of poverty and put them in the consumer economy also creating more taxpayers. All possible with a change in DC and Lansing.
Comments
Exactly. Recessions usually occur ~ every 7 yrs or so, and we've officially been out of the Great Recession since ~ 2010.
https://en.wikipedia.org/wiki/Great_Recession#/media/File:U.S._Fixed_Investment_as_Pct_GDP.png
Plus, for what it's worth, there are some ambiguous signs that the US economy might not be as healthy as it seems (potentially overvalued stock market, weaker-than-expected job creation over the past year, the "sub-prime" auto loan bubble, the student loan bubble, the vast and growing generational income inequality, etc.). But I think that's a whole can of worms best suited for discussion elsewhere!
By all accounts I've read there's no sign of a recession or even an economic slowdown. It's true that we're "due" for a slowdown but the last recession was unusually severe, probably the worst economic downturn since the great depression, so we may be poised for a longer than normal period of growth due the lows that we've climbed from. Even if we do experience a downturn it will likely be much milder than the previous recession and likely wouldn't affect real estate as much. I'm cautiously optimistic about the direction the US economy is headed, manufacturing is becoming viable here again, we continue to create new industries and we're still the place to be for entrepreneurs and innovators.
I do know that recessions come in cycles, however, we happen to be in a global economy that is still expanding, with places like the African continent being included in development plans by China and the E.U. while they are still expanding their own economies. I am hoping that these plans will lead to millions of more people with money wanting to buy things we make in Lansing and the USA. If there is some sort of slow down I think Lansing will weather it well. Yes, let's get those shovels in the ground!
Lots to take in after the election now. With Whitmer hopefully we'll see more infrastructure spending to fix the roads since that was her main agenda item. And with marijuana legalization we should see more taxes coming in too.
Yes, this should be very good for all the reasons you have mentioned. The passing of Proposal 2 and 3 will also help our future out greatly. Less gerrymandered districts will remove more extreme candidates from both sides and should help get politicians that better represent the people of Michigan.
I was sorry to see the annexation pass. It sounded like the owner of one of the commercial buildings there who was looking to open a marijuana-related business. Since Delta Township wouldn't allow it he wanted the area annexed by the city of Lansing with their seemingly more welcoming laws. I found it interesting that city councilmembers were against the annexation.
Probably the most disappointing part for me was his lack of payment of back taxes. I remember reading in the LSJ that he said he'd pay the back taxes owed if the annexation passed, instead of paying them before the election. And to top it off he isn't even an Ingham County resident. I think he was from Howell. Seems like a lot of red flags for someone hoping to open any kind of business, let alone one where he needs to convince local government to choose his business over others.
Sorry for the long rant. This one really bothered me.
I think it is a good thing for this area to be under Lansing zoning and usage laws. I would like to see something like this happen on the east side. It seems like this fellow moved a lot of heaven and earth to make this happen to get on the ballet and passing. I am hoping this would indicate that the owner has plans to improve this strip. There are going to be marijuana businesses and I think we should stop looking at them as a nuisance, they will now be regulated and taxed. You can buy real deadly poison, tobacco and alcohol on almost every corner, substances that kill so many every day, yet this culture is celebrated while marijuana has this shady negative place in some people imaginations. Most things people who do not use marijuana believe about marijuana are not true. It is such a great thing that this ridiculous prohibition is ending here in Michigan!
Mich, are you sure you're right about the non-discrimination law, or lack of? If so, this is unbelievable and truly, truly sad.
The non-discrimination law protects people based on race, gender, and age. There are probably a few others. But it doesn't include sexual orientation or identity. Nessel campaigned on trying to protect more groups.