Archive | Housing

Ham Lake House

Why a Major Outer-suburban Real Estate Downturn is Imminent

I believe the stage is set for large, outer-suburban houses to decline drastically in value. This will likely result in abandonment or subdivision into multiple units before mortgages are paid off. In the long-term future, many outer-suburban homeowners will probably foreclose, if the taxpayer doesn’t bail them out. There are many factors predictive of this […]

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What Causes Homelessness?

(Image by Flickr user Fibonacci Blue) I’ve worked in social services for about a decade, almost all of it working on various forms of supportive housing. These days I chair the Suburban Metro Area Continuum of Care, and sit on the governing board of Heading Home Ramsey, in addition to my actual job cobbling together […]

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Chart of the Day: Housing Starts in Twin Cities Metro, 2001 – 2019

Here are two charts put together by streets.mn’s dutiful Philadelphia correspondent, Alex Schieferdecker. He’s been paying close attention to the housing data over the last few years, especially tracking the percentage multi-family homes and the percentage of homes located within the different counties. As you can see, and much to Schieferdecker’s pleasure, multi-family housing is […]

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Chart of the Day: Federal HUD Funding for Saint Paul, 1978 – 2019

Here’s a chart that just happens to almost perfectly coincide with my lifespan. It shows the amount of Federal HUD dollars that have been spent in Saint Paul over the last 40 years. As you can see, there is something of a trend. The three lines represent three different pots of money: Community Development Block […]

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Rent in San Francisco is $4,314; in Minneapolis, it’s $1,615

I recently reviewed a commercial real estate report from the first half of this year. Takeaway: Vacancy is steady at around 7 to 8 percent. The report got me thinking about home prices and rental rates across the country and what the humble dollar gets you in different cities. Check out all the Zillow data […]

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Brit Builds an ADU: Bye-Buy Garage

So, if you looked closely at the surveyor’s description for our garage slab last time you would have seen it said “(No Structure)”. That is because we sold it! (+$1000 to our budget) Apparently selling a garage to be rebuilt elsewhere is a thing you can do, and it saves us the expense of sending […]

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What You Can Do to Ensure the Unhoused Have a Place to Stay in Light of the Green Line Shutdown

Last week, Metro Transit replaced overnight service on the Green Line with buses.   Maintenance needs are the main reason that overnight Green Line service needs to end, according to Metro Transit officials. “We are making this change to allow for safer and more timely maintenance along the Green Line corridor,” said Metro Transit General Manager […]

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Ritzy Rafter in CenHen Opens for Business

On Thursday, August 15, the new Rafter apartment building had its grand opening event. With fine hors-d’œuvres and libations, the parties gathered to celebrate the completion of another real estate development. It is said that the Rafter project is “named in honor of a group, or “rafter,” of wild turkeys known to call Northeast Minneapolis […]

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Brit Builds an ADU: The Surveyor and the Height Problem

Hey! It’s been a while, huh? We are out of spring and well into summer, and our project finally is getting into the swing of things. I owe y’all a few updates. When we last left off, we were concerned about what type of accessory dwelling unit (ADU) was possible on our property. So, we […]

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Chart of the Day: Housing Unit Growth v. Population Growth

Someone (apologies for I forget who) Tweeted out this report from the Met Council called simply “We Still Need More Housing” the other day. It’s got some great charts in it. Here are three of them. Keep in mind that this is all metro-wide data. For example, check out this chart, comparing MSP to other […]

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