That's because houses here in Minneapolis are being bought up by corporate companies and rents raised in a free for all rate. Once the company gets 4 of these houses in a row they knock all four down and build a multiplex. These are rentals. So the housing stock is being decimated by corporate greed. If you bid on a favorable house you will be outbid. When a slow down happens in the economy such as now, houses go into foreclosure and the company again snaps up these cheap buildings and tears them down once they get 4 of them in a row. You can blame city leaders and zoning for allowing this. The American dream is being destroyed by greed and power. Crime and car jackings in Minneapolis have gone up exponentially.
Buy when prices come down off the 50% "inflated" prices.....or roll the dice & be "upside" down"....what goes up , straight up; will come Straight back down.....to an equilibrium
Co buy with friends and family in cash on bus stops. Doable at age 18. Then double up on jobs and invest maximally, to live with spouse and kids and grandkids, to teach them how to replicate this model through life Simple life. Never pay rent mortgage or have debt We make it complicated unnecessarily
