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Michigan Post > Blog > Michigan > Lansing listed within the high 20 best housing markets
Michigan

Lansing listed within the high 20 best housing markets

By Editorial Board Published October 8, 2024 4 Min Read
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Lansing listed within the high 20 best housing markets

LANSING, Mich. (WLNS) — Discovering reasonably priced housing in Lansing has been an issue for years, and new information exhibits simply how unhealthy the issue has develop into.

A brand new research from the consultants at Hire Cafe exhibits the Lansing rental market is without doubt one of the best within the nation, even beating out larger cities like Boston and Kansas Metropolis.

Researchers say that after years of individuals leaving the state to search out jobs in high-priced cities on the East and West Coasts, individuals are seeing extra alternatives in Michigan, and housing consultants right here in Lansing say all that stress might result in some massive issues down the highway.

“There are all sorts of reasons why people might want to either stay here or relocate here and that’s why we’re seeing this crunch right now,” says Josh Pugh, a spokesman for the Michigan State Housing Growth Authority

Researchers with the Michigan State Housing Growth Authority stated the state would wish about 140,000 properties to satisfy demand proper now.

Nonetheless, when the brand new battery vegetation and electrical automobile factories begin to open in mid-Michigan the area goes to wish much more.

“To keep up with all the jobs that we’re creating and that increased demand. We got to do even more,” says Pugh. “And so we’re focused on doing that for folks at all different income levels to make sure that we can keep this region a wonderful, desirable place to live.”

But, housing officers who work on the bottom right here say that prime costs and low availability are already inflicting a disaster.

“Yeah, there’s tremendous pressure right now, primarily because of the impacts of inflation over the last couple of years. the projections are not good because we don’t have enough affordable housing as it is right now,” says Doug Fleming, Govt Director of the Lansing Housing Fee.

A lot of the housing tasks being inbuilt our area are designed for working-class and middle-class earners as a result of it is not worthwhile for builders to construct low-income housing—particularly with none tax breaks.

Housing advocates warn that even when fast options are discovered proper now, they might nonetheless transfer on the pace of presidency.

“It takes two two-and-a-half years to go through that entire process from beginning to having someone move into a building,” says Fleming. “So while we sit here today talking about affordable housing and the needs of affordable housing, we’re talking about solutions in 2027 and 2028”

To date, this can be a drawback and not using a clear resolution.

On one hand, metropolis officers wish to welcome these higher-earning residents with open arms.

On the opposite, housing activists say our present issues are going to worsen earlier than they get higher.

There was one factor that everybody 6 Information spoke to might agree on—Lansing wants extra properties, and quick.

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