Attractions To See -Iron River Michigan
Iron River Michigan is the home of many splendid things — we know it, because we live here. Beautiful scenery, majestic lakes, fabulous food, quirky locales and hidden gems just barely scratch the surface of what Iron River Michigan has to offer.
We asked staff members of the Iron River Press to share some of the best things to see and do in Michigan, based on our personal experiences. Here are 50 ideas you may want to add to your bucket list if you visit Iron River, MI.
Think we missed something? Add your bucket list item here and be sure to explain why it’s great.
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Indianapolis and Detroit are popular markets for real estate investors due to affordable prices and good cash flow. Both markets offer strong ROI, but with very different risk/reward factors. Investors choosing between the two markets must consider their long term hold plans and risk tolerance.
Investors are drawn to Indianapolis for good, stable cash flow while others are flocking to Detroit betting on future equity appreciation. Detroit home prices dropped 60% from their peak level in 2006 and many investors are banking on values to come back. The law of physics doesn't necessarily work in reverse however, and what goes down doesn't always go back up.
Detroit's housing woes were not caused by overbuilding and appreciation like Phoenix, Las Vegas and Atlanta. Instead, Detroit's housing market collapse was a result of major job losses in the automotive industry. Detroit has lost 323,400 jobs since 2005 and has one of the highest unemployment rates in the country. Although the auto industry has shown signs of recovery and home prices seem to have stabilized, the economic recovery remains fragile and uncertain. Home prices remain 40 percent below peak levels. Vacant properties make up 23 percent of the total housing and the city has about 30,000 vacant homes.
Indianapolis and Detroit both offer attractive return on investment opportunities to investors, however, with very different risk-reward levels. Both markets offer comparable cash on cash returns. The difference is in the future upside equity potential.
Detroit is best suited for the more speculative investor seeking to maximize their ROI through the potential for future equity appreciation and can tolerate a higher risk factor.
Indianapolis is well suited for the more conservative investor that is looking for strong, stable monthly cash flow and preservation of equity. Local Market Monitor, Inc rated Indianapolis as the 3rd safest market for conservative real estate investors.
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Michigan Vacation Getaway
The honeymoon is a tradition that many couples have been skipping lately due to the cost associated with it. There was a time when honeymoons were the second most anticipated part of the wedding. Brides and grooms would frequently sneak out of their own receptions to get a head start on their honeymoons. However, in today's down economy many couples have chosen to fore go the honeymoon due to cost. Those first crucial days will be the cornerstone of which the foundation of your married life builds from. Why let numbers and money force you to miss out on this beautiful time of your life. With these tips planning your honeymoon should become less stressful and more affordable.
Michigan Honeymoon Ideas
Camping is an often overlooked, but considered an affordable honeymoon option in Michigan. Fifty years ago the Great Lakes of Michigan was one of the top camping destinations in the U.S. and still to this day has some of the top hunting locales year round. The intimacy of camping will help you and your spouse to further strengthen your bond and reconnect with the things that first drew you together. Bringing pillows and blankets can make it feel as if you are sleeping in your own bed. If camping in a tent does not appeal to you there are hundreds of cabins to choose from. Some are located lake side on the beach, while others are in the middle of the woods. No matter what you prefer, there is a location for you. The cost of renting a site at a state or national park will be about ten to twenty dollars a night. A few popular places include Oakgrove Resort Campground in Holland Michigan and Riverview Campground in Sterling Michigan. You can save further by packing and preparing your own meals but it is not a requirement. You can still go out to a fancy restaurant for a romantic dinner with a little bit of planning, also.
Traveling in the off season can also help you to save money in the long run. If you travel to your destination at a time when the majority of tourist do not travel then it is considered off-peak season. Discounts are offered to persuade travelers to travel at certain times of the year. Prices are slashed by twenty five percent or more in comparison to the peak travel season. Using one or more of these tips should allow you to still have a memorable honeymoon in Michigan without breaking the bank.
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From The Ashes Of The Detroit Housing Market
A common misconception about Detroit is that the entire city is destitute and headed for complete disaster; when in fact the truth is that the city is making great strides to regain its high acclaim. With the restructuring of the big three, the heart of the American automotive industry; the constructing of the new light rail transportation; and the relocation of major corporations back to the city, these changes are all necessary elements for the equation of success and a booming and thriving economy for Detroit.
Though the housing market is lagging in recent advancements it will soon follow trend. Many investors understand the economic cycle and see Detroit as prime opportunity to begin using real estate as long term investment vehicles that offer steady high returns. Investors will earn steady rates of gain as long as they invest in the market while prices are at historical lows. Here are some common myths about Detroit that are actually quite unbelievable.
Detroit is all bad...
This is one of the funniest we've heard. Nothing is ever all bad. People, opportunities and situations are only bad when proper research and adequate time to investigate have not been given. It wouldn't be difficult to believe it with the way media portrays the city. Most things that make it to national headlines about the city are negative. It is true, Detroit has been hit hard during the economic crisis and one of the keys to reviving the city is rebuilding its infrastructure. Thus, the construction of major attractions like the Detroit International Riverwalk, a 102 million dollar development; Campus Martius Park; and the light rail transportation system. If the city was so terrible, organizations would not be investing hundreds of millions of dollars into an economy and city they felt wouldn't recover. They are making an investment into a city they believe will bounce back and once again be the home of major industries.
Don't believe the hype. With any large city there are good aspects and some not so good aspects. Investigate the matter further and do your due diligence to discover all the positive opportunities Detroit has to offer. Detroit currently presents a prime opportunity to build wealth through real estate investing. For more information of how you can take advantage of the opportunity, visit DetroitPropertyInvestor.com.