Yes Vicki, you're partially right. Many individuals that had the guts & fortitude to go back into some of the more blighted neighborhoods in MPLS have received very attractive terms (in the form of taxpayer sponsored loans) to do so. It appears that your contention is that they should have all been willing to roll-up their sleeves and go it alone.

Two questions:

1) Why did you stay n the market so long?

2) is it possible that you're missing some of the hard-to-quantity benefits (to yourself and other investors that don't live in MPLS), from these activities? I mean after all, there were numerous investors (from outside the city) that came into my neighborhood, speculated and purchased at the bottom of the cycle and have unloaded at a substantial profit. I didn't see any of them out working with neighborhood kids, or faithfully patroling our streets t prevent crime, or ljust generally working hard to improve the livability of the neighborhoods they speculated in. Yet, they ALL reaped the financial benefits of these activities.

Who subsidized who? I'm still here trying to make my neighborhood a better place to live and work.

dennis plante
jordan

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