Dyna et al, I am stunned at your comments. From what I have read, Ms. LaVanier is not asking for a buy out. Why would you consider the government seizure of property against an owner's will as "corporate buyout?"
I did not know Ms. LaVanier's original purchase price of the property. However, $400,000 for an 8 unit building is not out of range. That is $50,000 per apartment. In any part of Minneapolis, I would consider a purchase price of $400,000 for an 8 unit building as a great buy. In that neighborhood, it would depend on the quality of the building. Take a look at a few buildings for sale RIGHT NOW on the north side (thanks to the MLS): # units address Price ------------------------------------------------------------- 4 4900 Knox Avenue N $364,900 4 4700-4706 Bryant Ave N $549,900 3 1700-1702 Thomas Place $374,900 4 1712 Fremont Avenue N $449,900 11 4100 Thomas A. N. $690,000 8 3515 Penn A. N. $499,900 (good comp) I think these, currently for sale buildings, are enough to show that $400,000 for an 8 unit building is not a "dumb investment." I don't know Ms. LaVanier or the building in question. However, I am a real estate agent and investor that specializes in multi-unit residential housing. This board continues to show more concern about mowed grass than the intentional damage done to a fellow citizen. This would be hysterical if it weren't so shocking. Regards, Bill Cullen Whittier Landlord. -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.0.323 / Virus Database: 267.8.5/32 - Release Date: 6/27/2005 REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
