Cottages for the taking

The Detriot Free Press reports:

Owning a cottage Up North has been a dream of generations of Michiganders, but now the dream is in limbo for many and second homes aren't selling like they used to.

Properties in northern Michigan, where vacation homes are the bread and butter of dozens of real estate agencies, are going wanting.

"I've never seen anything like it," said John A. Rowling, who runs his own agency in Lexington. "I'm glad I'm 88, and I'm glad the show's about over."

For buyers, there's a big upside: People who've long wanted to buy their vacation or retirement dream homes only to watch prices climb every year finally have a buyer's market.

This is a good article with some numbers that are worth your attention.The coming fundamentals for Michigan don't suggest much population growth relative to the rest of the nation.With the coming retirement of the baby boomers,it's hard to see conditions improve.