Jealous Minnesota didn't get the building frenzy of Florida/Texas/others during the hype of previous years so that supply would grow. Make too much for first time home buyer programs, but not enough that I'd feel comfortable buying in this market--especially not with the price-to-rent ratio leaning so heavily in favor of renting. Seems like the Twin Cities market will never make financial sense to own and at least for me it doesn't make sense for other reasons outweighing that yet.
Excellent explanation of the current state of the local market. Thank you!
Jealous Minnesota didn't get the building frenzy of Florida/Texas/others during the hype of previous years so that supply would grow. Make too much for first time home buyer programs, but not enough that I'd feel comfortable buying in this market--especially not with the price-to-rent ratio leaning so heavily in favor of renting. Seems like the Twin Cities market will never make financial sense to own and at least for me it doesn't make sense for other reasons outweighing that yet.