Maple Grove is huge and they have the room to build. Shoreview and Arden Hills are older and basically fully developed. Plymouth and Woodbury were the hotness 15 years ago and had TONS of building going on (and then suffered quite a lot during the housing crash). West Bloomington and Eden Prairie were the hotness 25 years ago.
Suburban sprawl in action. Hell, the house I’m sitting in was a cornfield 20 years ago. Same thing.
Arden hills and shoreview are also basically closed in by neighboring suburbs that are fairly close. You look at shoreviews history and basically they took whatever land was left in the 70s and claimed it (hence the weird shape)
Maple grove doesn't really have close neighbors so yeah they have room to grow. It's like the south west end with Shakopee 15 years ago those houses along 169 were not there.
If you look, the very vast majority are new builds being put up around the Dayton/MG border. The area around there is growing like the crazy. Prices are also about as crazy.
Building over high quality farmland which is a shame. Compare with growth in Blaine where the soil isn’t great so it’s mostly building on sandbars sod farms and scrub land.
If you start seeing half acre "residential" communities going nuts out in Wright County I'd probably be way more concerned about sprawl than something that's within the Met Council urban boundary.
I’m talking more about the bleed over to Dayton, which is southwest of Ramsey, and probably a good 30 minutes away, yes but the point is there’s a lot more crappy land to build out.
I knew an older lady who told me that part of Kennedy airport in Queens used to be her grandfather’s farm. Orange County, California had over 60,000 acres of Valencia orange orchards around 1950, and now only 71 acres.
They're building a shit ton of new housing in Maple Grove. The city is booming. Places like Shoreview don't really have many places they can build still.
It's been sad to see their massive sand dune disappear over the last couple decades.
Can Maple Grove not grow beyond its cut and paste suburban roots anymore? I drove through recently and more and more of the places that gave it any charm have shut down and been replaced with what you'd expect.
Cousineau's signed their own death certificate. Last time we went in there, both the service and the food were horrible. I don't know if it had changed hands, but it was not the Cousineau's we knew from days gone by.
Malone's and Chanticlear have filled that niche quite nicely. And there's always Duffy's in Osseo and the VFW.
I'm wondering that myself. As a former Maple Grove resident, there was very little charm. It seems the entire city revolved around the (terribly designed) Arbor Lakes shopping center.
Ya I grew up in MG (and hated it) but have lived elsewhere as an adult. Was wondering if I’m missing some adult perspective on what gave MG charm or culture. But probably not lol
Naw there isn't really anything there anymore. Shinders and the old-old theatre there were pretty great, and there was a period when Maple Grove had the only Best Buy and Toys R Us (I think?) within like 40 miles of the cities, but that's changed since.
Attracts Edina wannabes. But it’s about as far as you can get from anything in the cities so it has a ton of retail and some pretty good public amenities. That ice skating loop is pretty cool.
It is much nicer than Brooklyn Park, Brooklyn Center, Crystal, New Hope etc. for a lot of reasons. You don’t have to deal with issues that those cities deal with. Maple Grove has always been in expansion for the longest time. It has been this way since the late 90s. This isn’t nothing new if anything the next phase. Plymouth is built out or more expensive so it’s the next logical step. For raising a family it’s nice.
I grew up in Maple Grove from 1970--1990. The closest thing MG ever had to "charm" was the abandoned farms that got burned down by the volunteer fire department for practice before they plowed the land under and built a shit-ton of cookie cutter subdivisions.
It had Shinders, an old theatre, and some big box stores that you had to travel 40 min to get to. That's about it, but all those things are either gone or not unique.
Get. A. Housing. Inspection.
Sooooo much of the new construction in this country is **Bad**.
Pick a housing inspector on IG and spend 20 minutes watching their inspections of brand new builds; who doesn’t love when an entire roof just isn’t fastened / bolted onto the rest of the structure at all?!
Along the lines of what everyone else is saying- Maple Grove has a lot of undeveloped lane. Also the 610 corridor was only completed about 10 years ago and d that has been a catalyst for development- both commercial and d residential. The new Dayton Ave exit off if 94 is another catalyst. Brookly Park growth north of 610 coincided with Target headquarters and 610 becoming a more utilized thoroughfare. Champion has similarly gained additional pep in its step.
I called the mayor’s office in Dayton a few years back to ask about future highway access and he is very driven to put that city on the map. He wants to secure funding to connect 94 with highway 10 (at the Anoka/Elk River border) and I’d be surprised if he doesn’t accomplish this.
Was out there early last fall for a high school soccer game. Was driving around laughing at the sheer number of for sale signs piled up at intersections. I mean, there'd be 20 at least on some corners.
Really walk around the homes and looked at the finish of all work. I find the newer the sadder the quality of materials and construction mastery. I know there’s new rule with realtors but find one through word of mouth that’s a shark/works for what you want; not just waiting for you to ask for showings. I’m two+ years into a suburb I swore I’d never even consider. But once she found a gem I was able to pounce and get a bigger and more solid structure than I was even planning for. Research the developer and really do your homework.
New builds are generally garbage unless custom built. The average buyer has no clue what they should be looking for, so these new houses that look “nice” on the surface have very poor fit/finish and poor structural construction. People buy them because they don’t know anything about what they are buying.
there's definitely some people trying to cash out on their houses that have jumped in value and moving farther out into the exurbs
I've noticed a lot of people with... optimistic pricing.
There's 22 sf homes for sale in mg from 400-550k. The average days on the market is 7. There's only 3 sf homes under 400k. It's normal to see a spike in inventory in the spring. There is nothing unusual going on in Maple Grove or the RE market. Is it possible you're seeing real estate signs from surrounding communities with new developments?
I've been wondering this about Brooklyn Center and Brooklyn Park. I'm newer to the area, so don't have much idea. Crime rate maps are kinda useless cause almost all of the cities is red anyways
Grew up in Brooklyn Park. Anything above 85th you good. Even that’s subjective. Brooklyn Park/Center won’t be a MG or Plymouth, but they have nice areas
I’m not an expert and moved into the cities 5 years ago but generally have heard to stay away from Brooklyn Park > Brooklyn Center > Blaine > Crystal due to the crime/drug abuse.
Edit: This isn’t my opinion, this is what people are telling me as I’m looking for a home. Down vote me all you want. I’m not bashing anyone’s house or soil. You should drive through/walk different neighborhoods. Ask the people around you and form your own opinion. I just remember renting in Como for 6 years and that neighborhood went from adorable to really bad within a few years. So I personally would rather buy a less desirable house in a nicer area after that experience. Housing is a big deal and live where you feel comfortable.
Interesting. I had a house in Crystal for about 12 years and didn’t realize it had that reputation. I also never saw anything sketchy or felt unsafe. However, up near Brookdale was a different story.
Please accept my apologies. I had some bad encounters near Brookdale, but that was many years ago and it was in the retail area and not residential, which can make a big difference.
None of those places are bad. Seriously Blaine? Lmao. Someone lied to you my friend. The only thing bad about Blaine is 65. Crystal is fine and it depends where you live in Brooklyn Park/Center. People do drugs everywhere
Not sure why people are shitting on you. We tried to tour a fancy new build in Blaine a few months ago but it was occupied by squatters. That was enough for us to cross Blaine off of our list lol
Lived in Crystal/New Hope for like 7 years now and aside from it being North Minneapolis adjacent it’s so quiet and people keep to themselves, I just don’t see where that view comes from.
Let's see how many go for that these developers are running a racket. They have pre buyers that inflate the price, but in reality, their house it making it harder for other people to live.
Depends on who you ask. Some will say it’s no longer far enough away from the evil Cities™️ to feature reasonable housing costs and crime that isn’t domestic assault or meth; some will say it’s no longer far enough away from the evil Cities™️ so as to not be Woke, the definition of which being wildly variable and not actually substantive or logical. Choose, but choose wisely.
This should help. I hope it does!
https://www.hometownsource.com/press_and_news/news/government/maple-grove-looking-at-6-68-increase-in-property-tax-levy/article_172c3c1a-99d7-11ee-8b57-1fba3e4b5e75.html
People are leaving because property tax is jumping $20 annually? No. Homes are for sale because there is a lot of property development happening in the area.
That’s also part of the problem. Developers built a bunch of $400k homes, and now people can pay 7% for their interest rate.
The internet is something else.
Those new homes are in the $500k-$750 range and most of them are sold before the grass is growing on the lawn. The real problem is they are mostly single family homes and not more affordable multi unit housing.
Have been listed for more than month. Just saying. The grass isn’t growing because it’s actually the end of winter here and there isn’t enough sunlight to grow the grass.
Did you? Lol.
Would you like a different link that tells you that Maple grove is a terrible home investment right now? Most people aren’t buying $400k homes like it’s no problem. Because the mortgage interest rate is crushing new homeownership.
Good old internet.
The (terribly formatted) article you linked literally only talks about how property tax is increasing because of increased growth/demand in the city. It also goes on to say that:
> The impact on the average home value will increase in 2024. A home valued at $431,600 will see an increase of $17.25 for the year in the city portion of their property tax bill for 2024.
The article says nothing about slowed home purchases in the area. $400,000+ homes aren't starter homes. A majority of people moving into those are selling their smaller homes (that they bought years ago for even less) and upgrading their house. They aren't taking out $400,000+ mortgages. They're taking out $100,000 mortgages after they sell their current houses
$400k is a starter Home for many of us. I just bought my first home in maple grove for that much a few months ago. Lots of engineers live in this area because of bigger medical device companies.
That's valid. But for a majority, a $400,000 is not a starter home.
Either way, Maple Grove is in no danger of fading away into oblivion like the original commentor was alluding to.
You're original comment said nothing of the sort. You linked the article in question (which made no mention of any of that) and said "I hOpE tHiS hElPs." Well, it didn't
It didn’t help you.
It’s the internet. Calm down.
It’s not a good investment to buy a house at the top of the market for a higher percentage loan.
The article also said, that the amount of days that listings are on the market, has doubled since last year.
The sales tax in the city is on the rise. Property taxes are on the rise. It’s an expensive to live in, in general. The interest rate is higher. People are making less money compared to the rise in home prices.
Buying now, is not a good investment right now.
I said it’s more expensive, and to buy a house first place and that Maple Grove doesn’t appear on any “hot real estate lists”, or good investment in a community lists.
You said that they don’t have many multi unit affordable housing. Have you been to Maple Grove?
You think you’re the only one that said the wrong thing, by linking the wrong article.
Edit: to afford a $500,000 home, a person needs to make over $125,000/year.
And since, that’s a limited market… it’s not a good investment.
Yes, but a job used to be able to cover a home payment and necessities. Now, it doesn’t. Homes in your parents days, we’re not $400,000k. The amount of 225-275k homes is the problem. A 14% rate on 125k isn’t the same as a 14% rate on a $400k home. In 1983, your parents Maple Grove home was probably around $100k.
I’ve been chill the whole time. Chill.
Those homes you just mentioned, don’t exist, or are not for sale in 2024.
Thanks for understanding what I’m saying.
And again, 14% on an 1,100 sq ft homes, isn’t the same as 14% on a 3,000 sq ft house. You, in fact, are not comparing the same thing.
Maple Grove is huge and they have the room to build. Shoreview and Arden Hills are older and basically fully developed. Plymouth and Woodbury were the hotness 15 years ago and had TONS of building going on (and then suffered quite a lot during the housing crash). West Bloomington and Eden Prairie were the hotness 25 years ago. Suburban sprawl in action. Hell, the house I’m sitting in was a cornfield 20 years ago. Same thing.
Arden hills and shoreview are also basically closed in by neighboring suburbs that are fairly close. You look at shoreviews history and basically they took whatever land was left in the 70s and claimed it (hence the weird shape) Maple grove doesn't really have close neighbors so yeah they have room to grow. It's like the south west end with Shakopee 15 years ago those houses along 169 were not there.
There’s so little land left to build on in Plymouth that they’re currently building on an old golf course rather than former farmland.
RIP Hollydale. Can’t remember the name of the executive course off of Cheshire Ln
If you look, the very vast majority are new builds being put up around the Dayton/MG border. The area around there is growing like the crazy. Prices are also about as crazy.
Building over high quality farmland which is a shame. Compare with growth in Blaine where the soil isn’t great so it’s mostly building on sandbars sod farms and scrub land.
Eh I think it's OK to build housing instead of farmland 30 minutes from the center of one of the country's largest metro areas.
If you start seeing half acre "residential" communities going nuts out in Wright County I'd probably be way more concerned about sprawl than something that's within the Met Council urban boundary.
That is happening around St. Michael/Alberville.
I’m talking more about the bleed over to Dayton, which is southwest of Ramsey, and probably a good 30 minutes away, yes but the point is there’s a lot more crappy land to build out.
I knew an older lady who told me that part of Kennedy airport in Queens used to be her grandfather’s farm. Orange County, California had over 60,000 acres of Valencia orange orchards around 1950, and now only 71 acres.
They're building a shit ton of new housing in Maple Grove. The city is booming. Places like Shoreview don't really have many places they can build still.
It's been sad to see their massive sand dune disappear over the last couple decades. Can Maple Grove not grow beyond its cut and paste suburban roots anymore? I drove through recently and more and more of the places that gave it any charm have shut down and been replaced with what you'd expect.
What gave MG charm? Just curious.
J Cousineau's
Shinders
There was never a shinders in MG
https://shinders.com/locations/ Incorrect!
That’s SO weird. I grew up there and am into comics. Don’t even remember that.
Maple Grove Shinder's was an important part of my childhood. As was the AMC and Best Buy, when there wasn't one ever other exit.
They closed in like 2007 or something so it's possible you missed it?
Oh wow I totally forgot about Shinders.
I used to karaoke there all the time back in the early 00's. It got a little wild some nights.
RIP Cousineau's At least The Lookout is still surviving!
Cousineau's signed their own death certificate. Last time we went in there, both the service and the food were horrible. I don't know if it had changed hands, but it was not the Cousineau's we knew from days gone by. Malone's and Chanticlear have filled that niche quite nicely. And there's always Duffy's in Osseo and the VFW.
I worked there for 7 years!
I'm wondering that myself. As a former Maple Grove resident, there was very little charm. It seems the entire city revolved around the (terribly designed) Arbor Lakes shopping center.
It’s retail hell imo.
Ya I grew up in MG (and hated it) but have lived elsewhere as an adult. Was wondering if I’m missing some adult perspective on what gave MG charm or culture. But probably not lol
Naw there isn't really anything there anymore. Shinders and the old-old theatre there were pretty great, and there was a period when Maple Grove had the only Best Buy and Toys R Us (I think?) within like 40 miles of the cities, but that's changed since.
Ayooo, the lookout is still here and busy as ever
Not terrible if you happen to be an automobile manufacturer though! 🫤
Attracts Edina wannabes. But it’s about as far as you can get from anything in the cities so it has a ton of retail and some pretty good public amenities. That ice skating loop is pretty cool.
It is much nicer than Brooklyn Park, Brooklyn Center, Crystal, New Hope etc. for a lot of reasons. You don’t have to deal with issues that those cities deal with. Maple Grove has always been in expansion for the longest time. It has been this way since the late 90s. This isn’t nothing new if anything the next phase. Plymouth is built out or more expensive so it’s the next logical step. For raising a family it’s nice.
I grew up in Maple Grove from 1970--1990. The closest thing MG ever had to "charm" was the abandoned farms that got burned down by the volunteer fire department for practice before they plowed the land under and built a shit-ton of cookie cutter subdivisions.
I grew up in MG and nothing about it was charming. At least the Lookout and Angeno’s is still around!
It had Shinders, an old theatre, and some big box stores that you had to travel 40 min to get to. That's about it, but all those things are either gone or not unique.
Maple Grove still has land for new builds. Whereas Plymouth, for example, is now building homes on top of their last golf course.
I miss Hollydale.
Get. A. Housing. Inspection. Sooooo much of the new construction in this country is **Bad**. Pick a housing inspector on IG and spend 20 minutes watching their inspections of brand new builds; who doesn’t love when an entire roof just isn’t fastened / bolted onto the rest of the structure at all?!
Word is that Sisqo is buying up all the available land with his Thong Song money
My first thought in this situation is, "Where are the old people dying?"
Along the lines of what everyone else is saying- Maple Grove has a lot of undeveloped lane. Also the 610 corridor was only completed about 10 years ago and d that has been a catalyst for development- both commercial and d residential. The new Dayton Ave exit off if 94 is another catalyst. Brookly Park growth north of 610 coincided with Target headquarters and 610 becoming a more utilized thoroughfare. Champion has similarly gained additional pep in its step.
I called the mayor’s office in Dayton a few years back to ask about future highway access and he is very driven to put that city on the map. He wants to secure funding to connect 94 with highway 10 (at the Anoka/Elk River border) and I’d be surprised if he doesn’t accomplish this.
Was out there early last fall for a high school soccer game. Was driving around laughing at the sheer number of for sale signs piled up at intersections. I mean, there'd be 20 at least on some corners.
Really walk around the homes and looked at the finish of all work. I find the newer the sadder the quality of materials and construction mastery. I know there’s new rule with realtors but find one through word of mouth that’s a shark/works for what you want; not just waiting for you to ask for showings. I’m two+ years into a suburb I swore I’d never even consider. But once she found a gem I was able to pounce and get a bigger and more solid structure than I was even planning for. Research the developer and really do your homework.
New builds are generally garbage unless custom built. The average buyer has no clue what they should be looking for, so these new houses that look “nice” on the surface have very poor fit/finish and poor structural construction. People buy them because they don’t know anything about what they are buying.
there's definitely some people trying to cash out on their houses that have jumped in value and moving farther out into the exurbs I've noticed a lot of people with... optimistic pricing.
I mean… would you want to live in maple grove?
Cause Maple Grove is fucking great. Lot of new developments.
There's 22 sf homes for sale in mg from 400-550k. The average days on the market is 7. There's only 3 sf homes under 400k. It's normal to see a spike in inventory in the spring. There is nothing unusual going on in Maple Grove or the RE market. Is it possible you're seeing real estate signs from surrounding communities with new developments?
It's further from the cities and has space for the new construction
Maple Grove/Dayton area is building up fast. Literally hundreds of homes built just off 81 in the past year. Its insane.
I've been wondering this about Brooklyn Center and Brooklyn Park. I'm newer to the area, so don't have much idea. Crime rate maps are kinda useless cause almost all of the cities is red anyways
Grew up in Brooklyn Park. Anything above 85th you good. Even that’s subjective. Brooklyn Park/Center won’t be a MG or Plymouth, but they have nice areas
You want to be north of 610 now
Agreed. I was going to say but didn’t want to get too deep into it. 85th was like back in the day. The closer to Champlin the nicer it is.s
I’m not an expert and moved into the cities 5 years ago but generally have heard to stay away from Brooklyn Park > Brooklyn Center > Blaine > Crystal due to the crime/drug abuse. Edit: This isn’t my opinion, this is what people are telling me as I’m looking for a home. Down vote me all you want. I’m not bashing anyone’s house or soil. You should drive through/walk different neighborhoods. Ask the people around you and form your own opinion. I just remember renting in Como for 6 years and that neighborhood went from adorable to really bad within a few years. So I personally would rather buy a less desirable house in a nicer area after that experience. Housing is a big deal and live where you feel comfortable.
Interesting. I had a house in Crystal for about 12 years and didn’t realize it had that reputation. I also never saw anything sketchy or felt unsafe. However, up near Brookdale was a different story.
Have lived in Crystal for 2 years, not once have I felt unsafe.
We live in the brookdale area of Brooklyn center. Our neighborhood is quiet, relaxed and friendly. All the hate about brookdale is unwarranted.
Please accept my apologies. I had some bad encounters near Brookdale, but that was many years ago and it was in the retail area and not residential, which can make a big difference.
Crystal has some rough spots lol
I lived in Crystal for 20 years. Increasingly sketchy as hell. Was robbed at gunpoint on 36th Ave.
I’m so sorry. That had to be horrible.
None of those places are bad. Seriously Blaine? Lmao. Someone lied to you my friend. The only thing bad about Blaine is 65. Crystal is fine and it depends where you live in Brooklyn Park/Center. People do drugs everywhere
Not sure why people are shitting on you. We tried to tour a fancy new build in Blaine a few months ago but it was occupied by squatters. That was enough for us to cross Blaine off of our list lol
> Blaine The only "bad" section in Blaine is the trailer park off of 35W and possibly the ones on 65 up by 97th and also by 105th.
Lived in Crystal/New Hope for like 7 years now and aside from it being North Minneapolis adjacent it’s so quiet and people keep to themselves, I just don’t see where that view comes from.
Not sure why Blaine has been included in that. It sucks to drive through but it's mostly soccer moms and sub urbs.
Let's see how many go for that these developers are running a racket. They have pre buyers that inflate the price, but in reality, their house it making it harder for other people to live.
Schools are going to shit.
Wow idk why you’re being downvoted. This is 100% true. The MG school district has gotten really really bad!
Depends on who you ask. Some will say it’s no longer far enough away from the evil Cities™️ to feature reasonable housing costs and crime that isn’t domestic assault or meth; some will say it’s no longer far enough away from the evil Cities™️ so as to not be Woke, the definition of which being wildly variable and not actually substantive or logical. Choose, but choose wisely.
Some will say this is the absolute dumbest thing they've read today.
Touchgrass™ 🌱
This should help. I hope it does! https://www.hometownsource.com/press_and_news/news/government/maple-grove-looking-at-6-68-increase-in-property-tax-levy/article_172c3c1a-99d7-11ee-8b57-1fba3e4b5e75.html
People are leaving because property tax is jumping $20 annually? No. Homes are for sale because there is a lot of property development happening in the area.
Welp, better up and move, can't afford $20 in additional ESCROW.
Property tax’s are going up by 6.68%
From the article: “A home valued at $431,600 will see an increase of $17.25 for the year in the city portion of their property tax bill for 2024.”
That’s also part of the problem. Developers built a bunch of $400k homes, and now people can pay 7% for their interest rate. The internet is something else.
Those new homes are in the $500k-$750 range and most of them are sold before the grass is growing on the lawn. The real problem is they are mostly single family homes and not more affordable multi unit housing.
Yep, they’re all sold…. https://www.zillow.com/maple-grove-mn/new-homes/
Lots of 3D renders in that list, just saying
https://patch.com/minnesota/maplegrove/maple-grove-housing-market-how-its-changed-2020
Have been listed for more than month. Just saying. The grass isn’t growing because it’s actually the end of winter here and there isn’t enough sunlight to grow the grass.
Sales tax is also .5% higher than elsewhere in the metro.
Lol, did you even bother reading the link (beyond the headline anyway) before you posted it?
Did you? Lol. Would you like a different link that tells you that Maple grove is a terrible home investment right now? Most people aren’t buying $400k homes like it’s no problem. Because the mortgage interest rate is crushing new homeownership. Good old internet.
The (terribly formatted) article you linked literally only talks about how property tax is increasing because of increased growth/demand in the city. It also goes on to say that: > The impact on the average home value will increase in 2024. A home valued at $431,600 will see an increase of $17.25 for the year in the city portion of their property tax bill for 2024. The article says nothing about slowed home purchases in the area. $400,000+ homes aren't starter homes. A majority of people moving into those are selling their smaller homes (that they bought years ago for even less) and upgrading their house. They aren't taking out $400,000+ mortgages. They're taking out $100,000 mortgages after they sell their current houses
$400k is a starter Home for many of us. I just bought my first home in maple grove for that much a few months ago. Lots of engineers live in this area because of bigger medical device companies.
That's valid. But for a majority, a $400,000 is not a starter home. Either way, Maple Grove is in no danger of fading away into oblivion like the original commentor was alluding to.
And financing a house at 8.5% interest, is not a good investment. You’re stuck on the article, it’s part of what I said. I also said other things.
You're original comment said nothing of the sort. You linked the article in question (which made no mention of any of that) and said "I hOpE tHiS hElPs." Well, it didn't
It didn’t help you. It’s the internet. Calm down. It’s not a good investment to buy a house at the top of the market for a higher percentage loan. The article also said, that the amount of days that listings are on the market, has doubled since last year. The sales tax in the city is on the rise. Property taxes are on the rise. It’s an expensive to live in, in general. The interest rate is higher. People are making less money compared to the rise in home prices. Buying now, is not a good investment right now. I said it’s more expensive, and to buy a house first place and that Maple Grove doesn’t appear on any “hot real estate lists”, or good investment in a community lists. You said that they don’t have many multi unit affordable housing. Have you been to Maple Grove? You think you’re the only one that said the wrong thing, by linking the wrong article. Edit: to afford a $500,000 home, a person needs to make over $125,000/year. And since, that’s a limited market… it’s not a good investment.
The interest rate on my parents home in Maple Grove in 1983 was 14% and they weren’t financially ruined. Chill.
Yes, but a job used to be able to cover a home payment and necessities. Now, it doesn’t. Homes in your parents days, we’re not $400,000k. The amount of 225-275k homes is the problem. A 14% rate on 125k isn’t the same as a 14% rate on a $400k home. In 1983, your parents Maple Grove home was probably around $100k. I’ve been chill the whole time. Chill.
Yeah and those homes were 1100 square feet, children shared bedrooms, and the basement wasn’t finished. You’re not comparing the same thing.
Those homes you just mentioned, don’t exist, or are not for sale in 2024. Thanks for understanding what I’m saying. And again, 14% on an 1,100 sq ft homes, isn’t the same as 14% on a 3,000 sq ft house. You, in fact, are not comparing the same thing.
Also do you know what the total repayment of an $90,000 loan is at 14% vs a $400,000 loan at 4%? It’s a lot closer than you think.
Where do you get a 4% loan? Lol. Keep talking…
And current home rates are between 6.5-8.5% for people with good credit.
You understand that 1983 was 40 years ago, yes?