Martin Bouma has watched housing prices climb and climb over the 41 years he’s been a realtor in Ann Arbor.
“I remember the days when you could buy a ranch on the west side of Ann Arbor for $120,000,” Bouma said. “But it’s to the point now, where if somebody tells me, Martin, I can spend $300,000 [to] $350,000, they’re pretty much priced out of the housing market in Ann Arbor, except for condominiums.”
That means many middle class households can’t afford to buy a house here, and it’s no better for renters. Bouma said his own adult son pays $1,700 dollars a month for a two-bedroom apartment in Ann Arbor…