When was the last time that the Star Tribune published some good news about North Minneapolis? Honestly, the doom and gloom is becoming tiresome. Furthermore, it's discouraging to those of us who live and work on the Northside, and are making a difference.
I feel sorry for good people who lose their homes to foreclosure. At the same, I am perplexed by the overwhelmingly negative and one-sided presentation of the situation. Specifically, why is no one talking about the fact that stabilizing (or decreasing) home prices make homeownership more accessible? When was the last time you could buy a four-bedroom home for under $100,000? Now they are readily available, all over North Minneapolis, and in some parts of the South side as well.
This is a buyer's market, and I sincerely hope (and believe) that savvy individuals will take advantage of the low prices and abundant supply. Many of the foreclosures in this city, as the article noted, are the result of careless landlords' speculative investments. Now is the time in which families can take those homes back and give them the care they deserve. This is how we build community, and it IS happening in North Minneapolis.