Posted at 3:57 PM on July 21, 2009
by Julia Schrenkler
High end housing isn't selling in the Twin Cities. Is that just a hassle or is it creating a new kind of upscale urban blight?
In ordinary times, no one would cry over empty McMansions. But Twin Cities real estate appraiser Julie Schwartz says it's become a serious concern.
Is it? How does foreclosure on the mid to upper end of real estate affect the entire housing market? How does it affect neighborhoods currently under development?
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