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1993_0419.ws_packet
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1993_0419.ws_packet
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Background <br />Roseville faces a challenge. In the past the city has been recognized <br />as a growing "new" suburb, building strength in both its <br />commercial and residential character* Now as a conununity that <br />has grown to solid maturity, the city's residential character is <br />beginning to be tested, <br />Metropolitan Council study <br />A Metropolitan Council study entitled, Housing markets in 2000, <br />projects a decline in the number of new families being formed, and <br />hence a decline in the demand for starter homes., particularly those <br />of the type found in Twin Cities inner ring suburbs like Roseville. <br />lie. <br />Municipal leaders recognize that the age and market- obsolete <br />character of much inner ring suburban housing stock may result in <br />dropping real estate values, a decline in homeowner reinvestment, <br />and an increase in the use of single family homes for rental <br />housing. <br />The Metropolitan Council study suggests that the course of events <br />in communities like Roseville may follow one of three trends: <br />-If the current residents like the area they are living in well <br />enough, they could decide to stay in their homes and remodel <br />or add space to suit their needs. If this situation is widespread <br />in the neighborhood, the condition of the homes and the <br />desirability of the neighborhood could be greatly enhanced. <br />- Owners could sell their how at lever }prices than they had <br />hoped for, enabling individuals or families with low or moderate <br />incomes to buy the houses. This situation, if widespread, could <br />provide opportunities for hone ownership to people who rent <br />housing that may be inadequate for their needs because they <br />cannot afford to boy the lowest priced home on the market. <br />- Owners could buy new hones and rent their current harms as <br />either a short-term or long-term solution. If this occurs to man <br />houses in a particular area{ neighborhoods that had been <br />primarily owner - xcupied housing could gradually become <br />areas with a greater rnix of owner occupied and rented housing. <br />Poor rnaintenance of a number of hones in a given area could <br />influence other homeowners to move from the area, perhaps <br />resulting in additional rental housing. <br />Mooting Marbfs in 2000, pages 16,17 <br />
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