We Tell it Like It Is

June 3rd, 2009 10:37 AM

I've been spending a lot of time in N Mpls within the past 2 wks. Some areas I feared for my life, while others I found surprisingly clean, quiet & almost suburban-like. It is very clear to me that the most house for your buck can be found this year in the Camden neighborhood of Mpls. And its obvious that first-time homebuyers are taking advantage of this, as I've seen many homes in this area already occupied by young guys & gals w/small children. Lawns are immaculate, homes are well-kept. Investors are buying them for next to nothing and completely remodeling them. Buyers can get a completely refurbished home -- 2-3 bedrms, 1-2 bath, 800-1500 sq.ft for under $150,000 easily. I've even seen decent places for under $100k. Urban living, easy access to freeways, etc. And I haven't been shot at or harrassed.

$150k in other areas of the city haven't been so great in my opinion. Still in need of a lot of work and in less-desirable neighborhoods. This includes Powderhorn, Phillips & Nordeast.

 


Posted by Karen Collins on June 3rd, 2009 10:37 AMPost a Comment (0)

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