Minnesota cities try to hold back on rented housing
With foreclosures still hitting the housing market hard, at least one metro city is so wary about empty houses turning into rundown rental properties that it plans to limit the number of rentals allowed on each block.
Those types of rules are already established in Minnesota college towns such as Winona and Mankato, but as metro areas seek to try them, it could lead to a battle: property owners who can’t sell their vacant houses and say they could face foreclosure if they can’t rent them out vs. cities that say too many rentals can drag down everybody else’s property values.
