Minnesota to BAN Corporations Buying Single-Family Homes? #realestate

Real Estate Radio Hour

English - March 27, 2023 15:29 - 1 hour - 58.7 MB
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Minnesota to BAN corporations buying single-family homes

Minnesota recently introduced a bill (HF 685) to ban corporations and businesses from buying single-family homes to convert into a rental units, in an attempt to get more families into single family homes and build equity.

https://www.revisor.mn.gov/bills/text...

Is “First home isn’t your forever home” obsolete?

In Minnesota, is it wise to invest in a larger starter home if the interest is to stay in the same neighborhood for a while? Friends and family are finding themselves locked into their starter homes due to the rising housing costs in their neighborhood, unable to afford to move.

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