I lived in holiday hills and loved it. You are in TC but its more peaceful. We lived in TC for 26 years but moved to Arizona 6 years ago. Now we want to move back to TC.
Love Holiday hills! That’s exciting you want to move back. I’m a real estate agent in Traverse City and would love to help you with the move if you don’t have a Realtor already! You can email me at kj@kjsayer.com or give me a call or text at 231-735-8735
Traverse City is beautiful, but there is a serious housing crisis, rents are beyond expensive & overpriced, and there is a huge homeless population. If you're packin' fat cash, you'll be fine.
Just a little advice. Put your phone number you want people to reach out to you at in the description and pin a comment as well. I am curious what the investing in real estate in traverse city looks like? Long term rentals vs short term rentals. What do you see more of?
Thanks for the advice! Grand Traverse county was the highest grossing county in the state of Michigan on 2021. That caused a rush of investors to buy up short term rentals here. While you could get 30% Cash on cash returns with pretty much every short term rental purchase a few years back, short term rental returns are starting to go down due to the investor demand. You can still find good STR deals, but they have to be: Big houses, on the water, or very unique. Long term rentals are always a great investment around here, especially multifamily. You can go to the outskirts of town for higher cash flow, or closer to town for a bigger equity play.
Please stay away from TC if you’re looking for short term rentals. It’s caused an affordable housing shortage for young families and hospitality industry workers especially. Tourism is a double edged sword….folks want to visit our beautiful area yet tourism businesses struggle for workers. Housing is the one of the top impediments to a sustainable employment market.
Couldn’t agree more with @michaelmaas5544. Downtown Traverse City may be crowded during the summer, but we have so much land and so many lakes to explore on the outskirts!
![Marquette vs Traverse City [Which Is Better?]](http://i.ytimg.com/vi/I0gP_CQCadQ/mqdefault.jpg)
![Marquette vs Traverse City [Which Is Better?]](/img/tr.png)
Great info!
I lived in holiday hills and loved it. You are in TC but its more peaceful. We lived in TC for 26 years but moved to Arizona 6 years ago. Now we want to move back to TC.
Love Holiday hills! That’s exciting you want to move back. I’m a real estate agent in Traverse City and would love to help you with the move if you don’t have a Realtor already! You can email me at kj@kjsayer.com or give me a call or text at 231-735-8735
Traverse City is beautiful, but there is a serious housing crisis, rents are beyond expensive & overpriced, and there is a huge homeless population. If you're packin' fat cash, you'll be fine.
Just a little advice. Put your phone number you want people to reach out to you at in the description and pin a comment as well. I am curious what the investing in real estate in traverse city looks like? Long term rentals vs short term rentals. What do you see more of?
Thanks for the advice! Grand Traverse county was the highest grossing county in the state of Michigan on 2021. That caused a rush of investors to buy up short term rentals here. While you could get 30% Cash on cash returns with pretty much every short term rental purchase a few years back, short term rental returns are starting to go down due to the investor demand. You can still find good STR deals, but they have to be: Big houses, on the water, or very unique.
Long term rentals are always a great investment around here, especially multifamily. You can go to the outskirts of town for higher cash flow, or closer to town for a bigger equity play.
Stay out of your car then it's free rent.
@@johndemaagd2952 I guess that’s one way to do it.
Please stay away from TC if you’re looking for short term rentals. It’s caused an affordable housing shortage for young families and hospitality industry workers especially.
Tourism is a double edged sword….folks want to visit our beautiful area yet tourism businesses struggle for workers. Housing is the one of the top impediments to a sustainable employment market.
Why would anyone want to move to this overpriced ant farm.
Because it’s an amazing place with amazing people!
Couldn’t agree more with @michaelmaas5544. Downtown Traverse City may be crowded during the summer, but we have so much land and so many lakes to explore on the outskirts!
Right well locals cant even survive, the place is a joke now.
Thanks for the comment! Can’t survive in what way?
Sure they can
@@kjsayerTC affordable housing…the short term rental industry has sucked up just about everything that might be affordable
Locals that want to and work for it survive just fine.