• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Electric rate increase for residential/decrease for business

Status
Not open for further replies.

Mary Tiernan

Senior Member
Joined
Dec 16, 2003
Professional Status
Retired Appraiser
State
Michigan
Heard on the news the other day that our lovely government has determined that business in Michigan have a unproportionately large percentage of the electric bill in our state so they have decided in order to lure business to our state they need to fix that.

So, business electrical rates will decline and the residential user will see an increase of 15%.

Now, how do these governmental bureaucrats anticipate that any business can thrive in our state if we residents continue to see increasing costs to live here?

Increased income tax, increased gas/propane, increased gasoline, and now increased electric.

I tell you - when the fit hits the shan for my hubby and me (he is a truck driver, unfortunately we bought our own truck 1.5 years ago when fuel cost $2.40 per gallon) we will join the mass emigration and go to a state where the residents are appreciated.
 

JonGalt

Junior Member
Joined
Aug 4, 2005
Professional Status
Certified Residential Appraiser
State
Illinois
It's very unfortunate for you but for the state as a whole, you get what you vote for. Too bad that the people in charge of Michigan don't have a clue and the voters are no better because they keep electing them.
 

Mary Tiernan

Senior Member
Joined
Dec 16, 2003
Professional Status
Retired Appraiser
State
Michigan
I live in republican country here.

The democrats used to live in Detroit area and most elections were run by Detroit et al - but with the 30,000 loss in population in one year in that area, maybe, just maybe, we republicans can get rid of this spend, spend, more taxing crowd . . .
 
Joined
Oct 12, 2006
Professional Status
Certified Residential Appraiser
State
Michigan
I did not vote for her!

Great...so gas is up, natural gas is up, groceries are up and now electric? I'm going to end up living out of my pop up somewhere up north in a rustic campground! :(
 

Kali the Boston Terrier

Senior Member
Joined
Jul 7, 2003
Professional Status
Certified General Appraiser
State
Michigan
As much a I am not a fan of increase in taxes, utilities, I do understand that they will increase. Why I do not understand is the mentality of Gov't that somehow believes tax increases, legislative utility increases are a wise idea in an economy that is constricting. If we wre expanding or even stable I could see that...but how is the logic that if we lessen the electric bill for businesses they will move in. If everybody moves out for high taxes and utility bills, who will do the work? They also forget that those business owners that move their businesses here, also have to live here too.
 

Mary Tiernan

Senior Member
Joined
Dec 16, 2003
Professional Status
Retired Appraiser
State
Michigan
It's very interesting to note that the state of Michigan and its continued decline after the increase in income taxes is being cited as proof that increasing taxes does not improve an economy.

Also interesting is the fact that despite the increase in taxes as burdened upon us by this government there is still a shortfall due to the projected funds being overstated. Hmm - another tax increase on the way?

Yes, after five years I am blown away.
 

Mary Tiernan

Senior Member
Joined
Dec 16, 2003
Professional Status
Retired Appraiser
State
Michigan
And let's not forget the fact Brian that the typical Michigan laborer will not accept employment at anything below $20 per hour, and no business that I know of, whether new or old, is willing to pay their laborers this wage anymore.

I do see a lot of communities in this northern rural Michigan area where I think the property values are actually coming in line with the cost of living.
 

Ruben Ramon

Junior Member
Joined
Dec 29, 2005
Professional Status
Certified Residential Appraiser
State
Michigan
And let's not forget the fact Brian that the typical Michigan laborer will not accept employment at anything below $20 per hour, and no business that I know of, whether new or old, is willing to pay their laborers this wage anymore.

I do see a lot of communities in this northern rural Michigan area where I think the property values are actually coming in line with the cost of living.

That is the one good thing about the sub prime crisis...An economy cannot sustain the value increases that we have been having.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks