The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (38906)	8/24/2005 12:43:05 AM
From: value added	Read Replies (1) of 306849

IMHO: Who is on the local gov'ts in Minnesota? Are they in the Real Estate business? I wondered and checked out some local city councils in the Minneapolis/St. Paul metro. At first, I found that the Mayor and council members of one city were in Real Estate. The Mayor was an agent or ex agent, several of the council members were builders & mortgage people. I thought that was odd but it was more so when I found... I thought this was confined to one city but I was wrong, there were several other cities in the metro where the local city council were ruled by Real Estate people. They typically have a day job but have a part time job with the city. Now, I wonder if any or all of these cities have growth restrictions. Who passed them? Who was involved and what was their vote? I also found out that in many of these metro cities, the minimum to build a Single Family House on a city lot was in the range of $350,000 to $400,000 and this info is two years old. I wonder why that is? Who is in your local/county/state governments? What is their day job? Just my two cents...

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