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Each morning as I walk out my front door, lugging my ever-heavier one-year-old son to day care, I can see it looming, cold and ominous: the empty house across the street.
It's been dilapidated since I moved here in 2019. Every few months my neighbor Josiah and I turn our attention to it as we chat on the sidewalk. According to Josiah, the house has been unoccupied longer than just four years. The building is owned by a business firm that used to have an address in Georgia, but now claims to be located a few streets away in another seemingly abandoned building.
It seems such a waste to have a house molder and rot away rather than serve as a home to more people in our vibrant neighborhood. Especially at a time when so many need affordable places to live.
We're told over and over again — mostly by people who profit from building new, expensive buildings — that the only answer to housing costs is supply. Build big, build new, build at all costs. But what about the empty homes already in our communities? The Minneapolis rental housing vacancy dashboard shows that 5.8% of units are vacant, but that only includes buildings with five or more units. Everyone I ask can rattle off even more empty properties in their neighborhood. If you don't know of one, ask your neighbors.
Each of these buildings has a unique story, but each has one thing in common: they could be a home for someone who wants to live here. We should build, yes, but we should also activate the dormant housing stock Minneapolis already has.
The city's Vacant Buildings Registry lists 291 properties, but it takes a lot of time and effort to actually get a property deemed "vacant." Even if a building is listed, there's no penalty or recourse besides a fee. What's a few thousand dollars a year to a real estate investment group? Prices only need to rise around 3% for a $250,000 house to appreciate more than the annual fee.