Homesteaders are giving way to renters in Twin Cities

  • Article by: RANDY FURST , Star Tribune
  • Updated: June 7, 2012 - 1:25 PM

Experts say drop in owner-occupied housing can destabilize neighborhoods. Minneapolis and St. Paul see more single family houses not homesteaded, which experts say can destabilize neighborhoods.

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kdawg1959Jun. 6, 1210:26 PM

GET OVER IT! RENTALS DO NOT HARM YOUR AREA, CRIME DOES!

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kdawg1959Jun. 6, 1210:27 PM

HOMESTEADING IS DEAD!! NO TAX ADVANTAGE!!

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snowdoggJun. 6, 1210:28 PM

Who would think that college kids would want to live in Como next to the University of Minnesota?

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Brian_LarsonJun. 6, 1210:28 PM

Another Obama economic success story.

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maddawgJun. 6, 1210:29 PM

Same thing in my neighborhood. Lots of rentals filled with people that have no vested interest in the neighborhood. Loud cars, loads of kids without proper discipline, parties. Calling the police does nothing. They will tell you to stop bothering them and learn to get along with the people. Remember as the property value drops so do the taxes collected which pay your inflated salaries.

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mn2niceJun. 6, 1210:48 PM

Whatever happened to the city going after negligent landlords? If they started taking action against deadbeat landlords, much of this would improve.

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geekfreedomJun. 6, 1211:12 PM

Less regulation is the answer!

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chuckdancerJun. 6, 1211:13 PM

The parrot asks the question: "Who would think that college kids would want to live in Como next to the University of Minnesota?" ******* ******************************************* The lady in this article says she purchased in 1974 and that almost all the houses were owner occupied. Were there U of M students in 1974? The answer to that question is yes there were U o M students in 1974. So, I think that the existence of students is not the factor that tore this neighborhood to shreds. I think that the biggest factor would be greedy, uncontrolled capitalist dogs out to enrich themselves and with no concern whatsoever for the community. I don't think communities should be allowed to be sold out for money. If you need money start a business- in a business zone.

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wildfoxJun. 7, 1212:20 AM

In Minneapolis property taxes are driving out home owners if this situation is not brought under control soon Mpls will soon look like Detroit. Over the last 10 years property taxes have over doubled. INSANE!

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belascoJun. 7, 1212:24 AM

Having invested tens of thousands in material improvements to my Mpls properties, I am content to wait until the housing market fully recovers before I am properly rewarded for my investments. However long that takes, this "renter's boom" allows me to continue having my renters pay my mortgages completely, in addition to a comfortable source of income. Market up or down: I'll still profit.

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