4 ms·
Minneapolis has had it's waves of pricing over the years. The hay day of build happened starting in 2005 and ran for the last 15 years leading up to where it i
by windexh8er 6y ago
Minneapolis has had it's waves of pricing over the years. The hay day of build happened starting in 2005 and ran for the last 15 years leading up to where it is now. I lived in the Northloop on the front of the trendiness (pre-Target Stadium) and Uptown was still the land of said "hipsters" (such an unfortunate moniker). I can tell you that in 2010 I was paying more than $2000/month for a 2 bedroom there because supply was much more constrained. Now there's easily 20x availability of options. The downside is it's become much more crowded, the upside is it draws a lot of new food/entertainment options. Ultimately I'm glad I don't live downtown anymore. I think prices in Minneapolis will drop again as people spread back out if large organizations continue to dry up in the city. Don't get me wrong, I love Minneapolis and very much my time living in the city. But - things have definitely changed a lot in the last few years and I wouldn't say for much, if any, gain.
- CydeWeys 6y agoThe gain is that a lot more people get to live there now, which benefits all of those people. It no longer being for you is more than made up for by the fact that it is now for so many more other people.
- windexh8er 6y agoIn my opinion it's a stretch to say that an oversubscription on housing "benefits all of those people". I enjoy Minneapolis, but it's in a very odd state right now.
- CydeWeys 6y agoHuh? If all the housing is occupied then how is it possibly an oversubscription? If anything it sounds like an undersubscription -- even more people would live there if there were more housing, but there isn't, so they can't.