[riverrunner]

The price of single family home just went through the roof.

[Steve_Seattle]

"The price of single family home just went through the roof."

Maybe, but it cuts both ways. There will be fewer single-family houses for a growing market, but all but the priciest single-family neighborhoods will likely be compromised by crowding and de-gentrified neighborhoods. Why buy a house if it's surrounded by cheap apartments and increasing blight?

[Alberta's Child]

Maybe not.

In my suburban area, a typical group of residential real estate listings includes the following:

1. A detached single-family home for $600,000.

2. A two-bedroom condominium for $650,000.

3. A three-bedroom townhouse for $800,000.

Yes, that's right ... the cheapest homes on the market are the detached single-family homes.

[Rusty0604]

Maybe not if they’re suddenly next door to multi-family housing.

[cableguymn]

I’m ok with that. I’ll get my parents place hear downtown mpls

[lastchance]

Do you think the powers that be will figure out how this will impact the school system?

[USFRIENDINVICTORIA]

While, spot zoning changes (e.g. to allow a conversion of a single-family dwelling to a triplex)usually result in a price boost, for the property; I doubt that will happen in this case, because the market will be flooded with new redevelopment opportunities. Also, as others have pointed out above, if the neighbourhood is “de-gentrified”, that could more than offset any gains, due to more permissive zoning.

[catnipman]

“The price of single family home just went through the roof.”

wrong. withing a decade the taxpaying middle-class will have fled, leaving Minneapolis a bombed-out city like Detroit where abandoned houses can’t be sold for even a dollar each because the new zoning is retroactive to ALL existing neighborhoods!