This is quite the buzzkill. A former North Minneapolis homeowner drives by his foreclosed home to see what’s happened to it since he was evicted, only to find . . . an empty lot:
That looks like approximately like the Jordan Neighborhood on Irving or James Ave N to me.
Based on the look of the other properties on the block, chances are pretty good that the missing home has stood for 70-80 years through ups and downs in the economy and the neighborhood, but wasn’t able to make it through the current dip. That’s a shame, since I imagine there was still plenty of life left in the place.
The housing stock in North is pretty solid. The home in that part of North were built with real wood from old growth trees back when 2x4s where closer to 2″ by 4″ than they are today. It would be nice to see banks show more of a sense of ownership in the properties they own. Mid-term, it seems like they’d have more to gain off mortgages of existing homes than vacant lots.