jas49503
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Posts posted by jas49503
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There is parking for every unit. I can't recall which garage, but at this point it has been secured for at least two years.
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16 hours ago, wmrharris said:
Tear down and replace is already under way in EGR, I would think it a possibility in certain select neighborhoods initially. I keep wondering as well, what happens to all those post-war bungalows, particularly in the NE end? We're at 70 years or so, what comes next?
The only problem with that is the home prices are much higher in EGR than here. There is much less profit. This may change as property values continue to climb
it would be a shame if they replaced Kent country club with a crappy subdivision. I've only played it a couple of times but for a crappy golfer like myself (maybe better golfers too but I wouldn't know) it's a really nice course. I won't dispute that it is probably underutilizing the land though.
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I meant to say, more potential money in development, when the market is right. (Like right now).
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Or, they realized that there is more money in developing a property than renting a property, which, given my first hand knowledge of developers, is absolutely true.
unfortunately for me I am in the rental business, not the developing business.
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4 hours ago, ironyisadeadscene said:
Slightly off topic, but every time I check this site on my phone, it leads me to spam websites, some being very graphic. Anyone else having these issues?
this happened to me about an hour ago. I was sort of surprised that such a website would be advertising on the site although I don't really know how I activated it as I was scrolling quickly down the page when it popped up.
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Many people are willing to pay a steep premium not to have to live in the suburbs. This is probably what is driving the price premiums for these apts. in heritage hill home prices (at least what people are asking) have gone up considerably in the last 6 years, some of this is probably being driven by high rental costs. It seems to me that high rental costs are certainly going to stimulate new home building. Until this starts though I don't see any challenge to the high rents as people that want to live in he city have nowhere else to go. Your alternative right now is to tear something down in EGR or outside a historic district in GR (nowhere near as appealing) or renovate the heck out of a crappy multifamily building in heritage hill. When you are considering those as the alternatives to renting, 2000 dollars a month doesn't seem so bad.
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I buy clothes in a store maybe once a Year. There still needs to be a grocery and drug store downtown but IIRC there have been two groceries announced in the recent past. I know about one of them personally so I don't think it is unreasonable to think in a couple of years anperson could do without a car depending on what part of downtown you choose to live in.
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My wife was cautiously optimistic after seeing the site plan. Are all those stores labeled 'proposed' actually coming or is it some kind of fantasy wish list of the developers.
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there is parking reserved in a nearby ramp. I can remember which one but presumably one that is adjacent. I don't know what that means for the people who would be parking there otherwise.
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9 hours ago, GR8scott said:
Something that could help here could be more affordable rental units. Theres a lot of new stuff going up but nothing in the city that seems geared towards lower income.
Are you kidding? there are tons of low income housing units being built downtown and in hearthside.
Having moved here from Rochester in 2009, unless there's been a major change there, GR definitely does not seem smaller and definitely has more activity downtown. once again though I would include hearthside with downtown when assessing size. if you consider downtown from fulton to michigan st. then of course it's smaller.
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3 bathrooms for 14 bedrooms on the first floor. That's going to be fun in the morning. Can't really say that it's my cup of tea but more power to the folks that enjoy that type if situation. Certainly is affordable.
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It obviously isn't going to happen tomorrow but I would expect it to happen very soon, by December, according to my sources, who in this case, are solid.
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I'm not opposed to more parking downtown, but don't think supply is the leading issue. It is a perception issue. It is a communication of parking issue. It is a parking policy issue. I like the idea of variable rates based on when we want more folks downtown, including if that means free/dollar an hour kind of deal at low-point times, but personally I really don't think existing rates are all that unreasonable.
I was driving around downtown Heidelberg today and noticed numerous signs that indicated the location along with the number of open spots in all the nearby parking garages. something like this would go a long way towards improving utilization of the currently available spots. I would agree that there are plenty of spots but if they are hard to find then there may as well be no spots at all because people become frustrated and decide to say "screw it, let's go to Outback on 28th street. I know I'll be able to park 10 feet from the entrance"
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There's a bunch of reasons the single family market is still in the dumps ... and may be for quite some time. Without going into detail it's not necessarily a bad thing. Sustained slow & steady can be a good thing but there's also a bunch of exurbs which are booming once again. Apparently the W MI culture doesn't favor commutes over 40 miles because I suspect there's plenty of cheap land out there which developers would purchase if they thought there was demand.
you wonder also if it is due to the fact that compared to other markets, real estate is comparatively inexpensive. I didn't form my commuting beliefs around here but there is no way I'm commuting 40 miles each way. that's time you'll never get back and is worth a lot more than any potential savings on a home. my current commute is between 2 and 7 minutes depending on where I am driving to. I personally don't think I could take more than about 15 minutes for an extended period.
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I can't imagine what the bill to repaint that thing would be. when I first saw your post, out of the corner of my eye, I thought you said that it was almost dead. hopefully it sells fairly quickly so that it doesn't deteriorate any more and can be saved.
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That sure is something. I could get a good laugh every time I go visit my parents in Grandville.
"My goal is to build the nicest apartment in Michigan on this site."
Really? I wasn't aware that was a very desirable location.
not yet
between this and ramblehood being bought that area is going to be booming. all the millennials won't be able to wait to move to wyoming/grandville area
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I've never understood why runners around here feel compelled to run in the street. It seems like a common problem. I could see if there was some problem with the sidewalk, but frequently there isn't. They shouldn't be surprised if a biker blows by them, they should move to the sidewalk.
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The stock market is a reflection of the economy. If we enter into a recession of course the stock market will be down. But the economy doesn't go into a recession because of the stock market. When markets start to go down it's because people are worried about the greater economy.
Totally agree. The Dow can be used as a surrogate marker because of this relationship.
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well at least we can agree on the idiocy of cable news
and while I understand that the Dow doesn't include the vast majority of the businesses that generate the GDP, I challenge you to find two consecutive quarters where the Dow diverges from the broader economy. While stock prices are somewhat artificial, they also reflect public sentiment and willingness to invest (spend) which does drive the economy (obviously not the only factor though). -
The US has a recession every 5 to 10 years, so there's no reason to believe that we won't have another one in the next 5 to 10. Humans are still human, economies still fluctuate. In fact, we've had about 5 years of expansion, so probably within 5 years.
I wasnt talking about the stock market.
I'm not sure what you are talking about if you don't include the stock market. almost by definition a recession includes the stock market. I took the liberty of copying and pasting it below. if you are referring to a minor market correction then that is something different altogether.
re·ces·sion
rəˈseSH(ə)n/noun-
1.a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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Knowing is half the battle.
Truth: there will be another recession in the next 10 years. Hopefully it won't be as bad as the last one, which I don't expect it to be. The runup/bubble before the last one was humongous, especially the home building and mortgage industry, which today isn't even half the levels it was pre-2006/07.
The trick is to figure out where to position yourself to take advantage of the current market.
you have the ability to predict the future? where is your source for this? While there will undoubtedly be another recession/depression, predicting one in 5, 10, or 20 years is fool-hardy at best. typically the stock market has revolved around 15-20 year cycles alternating between bull and bear markets. we should be trading sideways at this point so the recent run up of the market defies historical trends although I would hardly say that historical trends have reached a level of statistical significance. I guess this is why I generally avoid the stock market except for my 403b. it's fool's gold.
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I don't see how there can be a student loan bubble to burst. sure there are a lot of them but there isn't a market, at least at the consumer level, to crash. a crash is usually due to mass selling of something but I don't see how that is going to happen. there may be a increased level of defaults but this doesn't seem like it would happen all at once since one persons inability to pay for a loan isn't directly related to another person's.
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I don't think that reducing meter rates would have much of an effect on parking garages. That is IF a couple of changes are made to how they are utilized. the max time should be 2 hours, preferably 1 hour, and there should be no option to renew with your phone or online or any other remote method. this would keep most store clerks and other workers out of the spots. no job allows for someone to leave every hour to refill the meter, especially if they receive a mandate from their employer not to park in the meters directly in front of the store, similar to at the mall or other big box store where employees are directed to park at the back of the parking lot.
I think I made my statement poorly. What I'm saying is that I don't thinking making the meters free would have any effect on the number of cars parking in an Ellis lot. It wouldn't "hurt his business" if the meters were free. If there is an open meter spot within walking distance of where someone wants to, they will park in it before choosing to parking in a garage, whether it is free or cost $2/hr.
Because of the limited nature of the on-street parking spaces, if you make them free for 2 hours, you're going to reduce turnover in those spaces and essentially drive MORE traffic to the garages because there will be less on-street spaces available. Or, people will just drive around more, looking for an even harder to find free parking space and increasing congestion.
I think that you misunderstood what I was saying. I was not referring to meters being free or reduced having an effect on Ellis' parking. I was referring to city owned garages offering free parking for a couple of hours. I also don't think that making the meters cheaper would reduce turnover as a consequence of less meters being available. there are already few meters available at any given time. the goal is make it difficult to park there all day, not by raising rates as most people could care less about the fee charged if it is convenient, but by making it inconvenient to stay there more than an hour or two. you could increase the price of a ticket for an expired meter, remove the ability to remotely pay for your meter, decrease the length of time available to park at a meter as potential options.
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I agree that meters should be as cheap as possible. In my opinion they are there to creat turnover for street parking so that a parking spot is not monopolized by people who want to store there car for free. I also think that a limited amount of time in a parking ramp should be free. Two hours would be ideal as it is long enough for most people to accomplish any errands, shopping, etc. I don't think we will see it as long as Ellis sits on the parking committee as it would hurt his business quite a bit if his main competitor was free for two hours.
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and while I understand that the Dow doesn't include the vast majority of the businesses that generate the GDP, I challenge you to find two consecutive quarters where the Dow diverges from the broader economy. While stock prices are somewhat artificial, they also reflect public sentiment and willingness to invest (spend) which does drive the economy (obviously not the only factor though).
Venue Tower at the BOB - 20 Monroe Live - House of Blues/Live Nation Venue
in Grand Rapids
Posted
I don't know if it was reported previously but if it wasn't then I'm reporting it now. I have a highly placed source on the inside who told me this. Much higher than the cleaning lady.