Comments on: Minneapolis in a Housing Crisis http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/ Minneapolis/St. Paul Real Estate Agent Sat, 28 Nov 2009 02:48:40 +0000 hourly 1 http://wordpress.org/?v= By: Aaron Dickinson - Edina Realty http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-101 Aaron Dickinson - Edina Realty Fri, 20 Feb 2009 17:41:19 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-101 While I understand your frustration, I don't support your position but believe you have just as much right to speak your mind as I do. While I understand your frustration, I don’t support your position but believe you have just as much right to speak your mind as I do.

]]> By: JEFF http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-100 JEFF Fri, 20 Feb 2009 17:27:02 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-100 Homeowner Bailouts = Renters Getting Robbed! Homeowners think I should keep the fraudulent value of their homes propped up just because they were part of the greatest criminal conspiracy this country has ever seen. I didn't realize renters were treated as second class citizens in this country. You steal my money to give to people that work at Taco Bell, so they can keep living in a $300K house. Corrupt homeowners think that just because they WISH their house is worth so much - that makes it true. I hope the day comes when stupid publically school taught renters finally realize they are getting r**** on a daily basis by these Yuppie Scumbag Trash & rise up & fight to take back this country from the criminals that run it! Homeowner Bailouts = Renters Getting Robbed! Homeowners think I should keep the fraudulent value of their homes propped up just because they were part of the greatest criminal conspiracy this country has ever seen. I didn’t realize renters were treated as second class citizens in this country. You steal my money to give to people that work at Taco Bell, so they can keep living in a $300K house. Corrupt homeowners think that just because they WISH their house is worth so much – that makes it true. I hope the day comes when stupid publically school taught renters finally realize they are getting r**** on a daily basis by these Yuppie Scumbag Trash & rise up & fight to take back this country from the criminals that run it!

]]> By: Minneapolis Considering Plan to Save Neighborhoods from Foreclosure Crisis-- Twin Cities Real Estate Blog http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-99 Minneapolis Considering Plan to Save Neighborhoods from Foreclosure Crisis-- Twin Cities Real Estate Blog Sat, 01 Mar 2008 21:41:12 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-99 [...] get me wrong, this is a great start to solving the Minneapolis Housing Crisis but it will require a lot more $$$, hopefully from both public and private entities, to reverse this [...] [...] get me wrong, this is a great start to solving the Minneapolis Housing Crisis but it will require a lot more $$$, hopefully from both public and private entities, to reverse this [...]

]]> By: Aaron Dickinson - Edina Realty http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-98 Aaron Dickinson - Edina Realty Mon, 18 Feb 2008 20:14:14 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-98 Welcome from across the pond! Actually, Minnesota (and Minneapolis too) is doing a lot better than many areas throughout the country. There's a few big reasons for the high number of foreclosures/short sales: * All the ARM mortgages that are readjusting higher * Some borrowers with poor credit got loans that they simply could not afford or do not have the capability to repay responsibly * People who need to move but owe more than the house is worth (since they bought 0% down) and have no money to make up the difference * Declining prices that encourage some owners simply to 'walk away' Welcome from across the pond!

Actually, Minnesota (and Minneapolis too) is doing a lot better than many areas throughout the country. There’s a few big reasons for the high number of foreclosures/short sales:

* All the ARM mortgages that are readjusting higher

* Some borrowers with poor credit got loans that they simply could not afford or do not have the capability to repay responsibly

* People who need to move but owe more than the house is worth (since they bought 0% down) and have no money to make up the difference

* Declining prices that encourage some owners simply to ‘walk away’

]]> By: Luke http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-97 Luke Mon, 18 Feb 2008 20:05:04 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-97 Aaron, what a well written blog post. I am not American - I'm from London UK - and I get a clear picture of the situation in your area, from your writing. I have an affectionate connection with MN, I like the place and people, but the real estate situation there is worse than I ever imagined. The one thing I'm not 100% clear about is what's causing such *huge numbers* of foreclosures? Is this just due to increases in payments following chanes in mortgage terms? I'm enjoying reading your blog. Aaron, what a well written blog post. I am not American – I’m from London UK – and I get a clear picture of the situation in your area, from your writing.

I have an affectionate connection with MN, I like the place and people, but the real estate situation there is worse than I ever imagined.

The one thing I’m not 100% clear about is what’s causing such *huge numbers* of foreclosures? Is this just due to increases in payments following chanes in mortgage terms?

I’m enjoying reading your blog.

]]> By: St. Paul Real Estate - Two Different Stories-- Twin Cities Real Estate Blog http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-96 St. Paul Real Estate - Two Different Stories-- Twin Cities Real Estate Blog Mon, 18 Feb 2008 11:46:49 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-96 [...] crisis that needs to be addressed quickly.  As I’ve recently written in my other blog, Minneapolis suffers from a similar fate.  Teresa Boardman has several good articles on the major contributors to this problem… I [...] [...] crisis that needs to be addressed quickly.  As I’ve recently written in my other blog, Minneapolis suffers from a similar fate.  Teresa Boardman has several good articles on the major contributors to this problem… I [...]

]]> By: Carnival of Real Estate - 78th Edition - Pine Needle Lawn http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-95 Carnival of Real Estate - 78th Edition - Pine Needle Lawn Mon, 18 Feb 2008 06:04:04 +0000 http://www.aaronsold.com/blog/2008/01/minneapolis-in-a-housing-crisis/#comment-95 [...] Dickinson presents Minneapolis in a Housing Crisis posted at Minneapolis Real Estate Market [...] [...] Dickinson presents Minneapolis in a Housing Crisis posted at Minneapolis Real Estate Market [...]

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