Sunday, June 2, 2024

Newly energized, New York Times enjoys the travel view from a perilous perch

 
Top headlineNew York Times
Bottom headline:  Interlochen Public Radio, 12/18/2023

According to the latest data from Housing North, nearly two-thirds of rental units in Traverse City have rents between $750 and $1,500. That’s a higher portion compared to the rest of Grand Traverse County, the rest of northern Michigan, and the rest of the state. 
But many people simply can’t afford those prices. Experts say it’s been that way since the 2008 recession. As far back as 2012, a report called the Grand Traverse County Housing Inventory and Strategy, found regional families are spending huge chunks of their budgets on housing. 
“I don't see this problem being solved. anytime soon, given the system that we have,” said Michael Broadway, a human geography researcher at Northern Michigan University.




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