Wednesday Linklube: Clearing Out the Stuff We Wanted to Blog About, but Didn’t…

by Alex Stenback on March 19, 2008

Vanity
· Yours Truly Delivers a Couple of Quotes on the Fed Cuts [Strib]
Local
· The Condo Market is Killing the Arts! [TC Daily Planet]
· Vacant Home Notices Attracting Thieves [PiPress]
· Despite Housing Slump, No PropTax Breaks in Dakota Cty. [Strib]
· Some Positive Spin on Recent Real Estate Data [Strib]
· 1/3 of North Minneapolis Foreclosures Should be Scraped [Strib]
· Minnesota Still Top Ten for Mortgage Fraud [TCBJ]
· Foreclosed Mill Trace Condos Taken Over by Lender [DT Journal]
· Choosing Credit Cards, Cars Over Homes [Strib - Kara McGuire]
· How the Media Could Have Covered Housing Better [Strib]
· Why Anoka County Does Not Suck. Really!! [Strib]
· Empty Homes, Exploding Pipes, Other Chaos Ensues [Strib]
· Bonnie Erickson Sees Signs of Life in RE Market [RE Snippets]
Elsewhere and Otherwise
· Why Plummeting Housing Starts, Permits, are Good [Ritholtz]
· Top 30 Under 30 Realtor is a Major Fraudster [Blown Mortgage]

{ 2 comments… read them below or add one }

Bonnie Erickson March 21, 2008 at 2:09 am

Thanks for the shout out, Alex.

Nate March 22, 2008 at 2:13 pm

There is another story today, about the Portland condo project possibly changing into rentals.

http://www.startribune.com/business/16915876.html

They mention Le Parisien in the article as another failed condo project that is trying to turn rental as well. The Parisien is trying to lease former condos for between 1500-2500 dollars. It may be a high quality building, but there is limited demand for such expensive rental properties. Considering the ample amount of more affordable rental properties in the surrounding neighborhood, it is going to be very challenging to find enough high income renters.

How long until these failed condo projects simply become failed rental projects?

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