Minneapolis Rents Drop, Bucking National Trends
Twin Cities homes have become steadily less affordable since the 1990s. Recently, however, something has started to shift.
Tag Archives: affordability
It’s Impossible to Afford Rent on the Minimum Wage
Minneapolis and St. Paul both recently passed municipal minimum wage ordinances that were intended to lift up the working poor. In Minneapolis, the current minimum wage is $11.25 for large businesses, and that is scheduled to increase to $15.00 by July 1, 2022. The current minimum wage in St. Paul is the state minimum of […]
Chart of the Day: Saint Paul Housing Cost vs. Income for Renters and Homeowners
There’s a wonderful new draft of a document called the “Housing Conditions and Trends Inventor, Needs Assessment, and Implementation Strategy” from the Saint Paul Planning and Economic Department that was released last week in conjunction with the draft Comprehensive Plan. It is chock full of housing data, including lots of information about the current state […]
Why I Oppose Rent Control
I believe housing is a human right, and that we are facing a housing crisis that will impoverish a generation if we do not act quickly and aggressively. I would support nearly any policy that would increase access to affordable housing, reduce the number of rent-burdened households, and reduce or eliminate displacement. But I […]