Jun 29 2009
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MPLS Dwellers:
I’m talking split three ways, bro. What, do I look like I’m MADOFF MONEY?I’m starting to look for a new 3BR place in South Minneapolis - near 35W a plus, lease starting in Sept.
Max rent $1700, although ideally in the $1300-1500 range.
If any of you fine folks list “rummaging through housing ads” as one of your interests or you have little Realtor birds who whisper deals to you in the morning, feel free to shoot anything you find on over to hburchill@gmail.com.For that kind of money, you could buy a home for $200,000 - $250,000, probably qualify for the $8,000 first time home buyer’s tax credit, and have money left over for a pool boy.
Looks like you have plenty of 3 bedroom options under $200k near 35W (more East than near the lakes, obvs.) Under $200k may get you a mortgage of under $1200, which your 3-way could help supplement. Here are some deets on sucking the government teet for $8k. I’m just saying it’s worth pondering in today’s market where money is cheap (heck, they’ll give you money), you can deduct your mortgage interest, and homes are very affordable compared to recent years.
