The Metro: Why Michigan doesn’t have enough housing — and how to change that
In America, the average age of a homebuyer is 56. In Michigan, a variety of sources say that it’s closer to 40. But that’s still incredibly high when compared to the average age of homebuyers just a few decades ago.
The reason that people are buying homes later in life is because home prices have been rising exponentially. Many don’t have the money to buy homes, even when they want to. Affordable housing just isn’t around.
But there is political support behind changing this trend.
Just two days ago, Governor Gretchen Whitmer applauded the state’s housing agency for helping to build 75,000 new housing units over the last four years. And two weeks ago, a different organization proposed a plan to speed up home building and home repairs in the state.
The Michigan Municipal League wants the state to spend $800 million over five years on affordable housing projects.
Dan Gilmartin of the Michigan Municipal League spoke with Robyn Vincent about how the state should be expanding its investment in housing construction and rehabilitation.
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