PopulationPopulation change in 2020: The most deaths, fewest births, and fewest new immigrants in a decade
The Trump Administration’s plan to deregulate housing is a great step towards undoing the Obama-era regulations that have burdened the housing industry across the nation. Now, Minnesota needs to go further and scrap the unelected Metropolitan Council who has adopted a similar housing schemes in their MSP 2040 ‘master plan’ for the Twin Cities. Local officials shouldn’t have to get permission from bureaucrats who map census tracts and analyze housing stock for ‘affordability’ before they can develop their own neighborhoods. Time consuming obstacles, along with so-called ‘smart growth’ policies that limit cheaper housing in the name of high-density development in mass transit corridors, have led to an increase in suburban crime and the housing crisis in Minnesota. The real answer is to undue the onerous land-use rules and regulations driving up the cost of homeownership. The inevitable housing bubble that followed these rules might have been great for real estate investors and the wealthy who already own property, but it’s been horrible for first time buyers. A recent Housing First Minnesota study showed that up to one-third of a new home’s price in the Twin Cites comes from fees and regulations, making it next to impossible to build a single-family home in the metro area for under $375,000.