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Old 07-07-2016, 10:57 AM
 
5,342 posts, read 14,142,209 times
Reputation: 4700

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Quote:
Originally Posted by StilltheSame View Post
I have a fear the Maple Grove housing market is a bubble, akin to 2009 in Az, Fl,NV. A friend just purchased a gorgeous home there for $750 - but I feel it will never resell, and they'll never obtain any equity. The other bubble are the knockdowns a/rebuild new construction/mini mansions in Edina. I just don't think the cookie cutter homes at high prices is sustainable.
Comparing the MN economy to AZ/FL/NV....now that's funny.
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Old 07-07-2016, 11:11 AM
 
101 posts, read 142,929 times
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The reason why Maple Grove is more expensive along with the other western suburbs is it is in a very desirable area. It has good schools, and a really nice shopping district. You pay a premium for those things which is worth it in the end.
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Old 07-07-2016, 03:32 PM
 
25,849 posts, read 16,532,741 times
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The prices all over the metro have really jumped the last year. I think we have our own bubble going on. I expect a market correction.
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Old 07-08-2016, 08:23 AM
 
5,342 posts, read 14,142,209 times
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Quote:
Originally Posted by PullMyFinger View Post
The prices all over the metro have really jumped the last year. I think we have our own bubble going on. I expect a market correction.
What do you figure might trigger a correction?
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