I know we are trying to end the first apt stories... But, I cannot help myself.
My first apartment (after dorm life) was at the Colony in Richfield Minnesota. It is still there on the corner of 76th St. and 35W. I lived there with my brother in 1987. Our rent for the 2 bedroom town home was $650/month. The $325/month was easy compared to my student loans and money I owed my father! 15 years later, I am now a full time real estate investor. I currently have 2 bedroom apartments available, with similar amenities to what I had at the Colony (only apartments -- not town homes), for $699 per month. My rent is $50 more per month than I paid 15 years ago... Jim Mork asked "So, now which of you geniuses is renting for $390/month?" I am aware of no one renting apartments for $390/month. My best are studios at $499/month So, do you propose that we: a) spend millions to building new apartments with subsidized tax dollars that cost us (as Vicky pointed out) $148,541 per apartment and give tax write offs to the rich? or b) Create gap funding programs to move homeless folk into existing apartments and/or help people buy their own homes through programs like Mr. Graham proposed? Regards, Bill. TEMPORARY REMINDER: 1. Send all posts in plain-text format. 2. Cut as much of the post you're responding to as possible. ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
