5 Responses to “Opportunity”

1. John "Bigman" Jones Says:
   April 8th, 2024 at 6:51 am

   Top three cities on the Zillow list of affordable homes for first-time buyers: St. Louis, Detroit, Minneapolis. Top three cities on MSN “US Cities With Highest Crime Rates:” St. Louis, Detroit, Baltimore.

   Looking at these lists, one might be forgiven for wondering whether there is a statistically significant correlation between low housing prices and high crime rates, almost as if people aren’t willing to pay as much for housing in inner-city crime-ridden neighborhoods as homes in safe suburban neighborhoods. But location isn’t the only variable. What accounts for the difference in crime rates?

   Comparing Minneapolis to Baltimore, our property crime rate is competitive but we lost to Baltimore on violent crimes (murder, rape and robbery). Population density and age distribution are similar – they have more people over a larger area and oddly, more “water area” – but the real difference is racial makeup: Minneapolis is 70% White/Asian/Mixed, Baltimore is 64% Black/Mixed.

   The numbers could be enough to make a person wonder whether there is a statistically significant correlation between race and crime, except we all know what happened to the last guy who suggested that.

   https://www.unz.com/jderbyshire/the-talk-nonblack-version/

   I guess it will remain a mystery.

2. jdm Says:
   April 8th, 2024 at 8:07 am

   Given Bigman’s finding, one might think that as things get worse in the Twin Cities (and they will) that any first-time home buyers might find themselves not be able to sell again… as in one-and-done real estate-wise. I’m thinking, for example, of the area around the St George of Floyd monument. Or maybe the Near North side? Or Powderhorn Park? Didn’t Alpha News report a month or three ago about two guys around East Franklin who wanted to sell because the neighborhood was becoming more, um, “urban”?

3. bikebubba Says:
   April 8th, 2024 at 10:10 am

   So going to a ghetto is the way to buy your first home. My daughter and son-in-law have many friends who have decided to save money on rent/mortgage by buying in the dicey areas of Milwaukee. Suffice it to say that many have grown to regret that decision as their cars get broken into and stolen.

4. Mitch Berg Says:
   April 8th, 2024 at 10:18 am

   Home prices in Uptown have been crashing.

   Uptown. FFS.

5. dcs Says:
   April 8th, 2024 at 4:12 pm

   When I saw numbers one and two I nearly wet myself laughing.

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