Cargill heiress tearing down homes in Duluth neighborhood with no explanation

[General Tso]

What's your take? She should be able to do what she wants if legal or she at least owes the decency of providing an explanation?

Duluth investigating options to protect Park Point as Kathy Cargill invests more

Mayor Roger Reinert said the city will examine zoning and other regulations that apply to construction and demolition.

m.startribune.com

 

[Huey Grey]

Know why their is a housing crisis? This is one of the reasons.

 

[SA_Hawk]

What's your take? She should be able to do what she wants if legal or she at least owes the decency of providing an explanation?

Duluth investigating options to protect Park Point as Kathy Cargill invests more

Mayor Roger Reinert said the city will examine zoning and other regulations that apply to construction and demolition.

m.startribune.com

It’s her land. She can do what she wants to the land within current zoning laws and city and state regulations.

Maybe she wants to turn it into green space. Maybe she wants to build the largest Cargill processing plant in the world.

 

[SA_Hawk]

Know why there is a housing crisis? This is one of the reasons.

Brandon adding 10 million illegals looking for housing probably didn’t help.

 

[lucas80]

Know why their is a housing crisis? This is one of the reasons.

Not really. Not in the case. I've been to Duluth numerous times, and this is on the 7 mile Long Island that runs from Superior, WI, to Duluth. This reads to me like a rich person sucking up land in order to build a mansion on prime real estate that looks out over Lake Superior.
Duluth, and Superior, have a lot of vacant housing, and open lots. Duluth lost something like 20,000 in population since the 1980s, but it's booming now with second homes and rentals along the lakefront. Downtown is showing life. We've looked at buying there.

 

[General Tso]

Not really. Not in the case. I've been to Duluth numerous times, and this is on the 7 mile Long Island that runs from Superior, WI, to Duluth. This reads to me like a rich person sucking up land in order to build a mansion on prime real estate that looks out over Lake Superior.
Duluth, and Superior, have a lot of vacant housing, and open lots. Duluth lost something like 20,000 in population since the 1980s, but it's booming now with second homes and rentals along the lakefront. Downtown is showing life. We've looked at buying there.

IMO, to your point, this specific scenario isn't driving the housing crisis. I would argue that rich people (investment funds, for example) buying up property on a large scale contributes to it. Few people can compete with cash offers from a faceless entity.

 

[Huey Grey]

IMO, to your point, this specific scenario isn't driving the housing crisis. I would argue that rich people (investment funds, for example) buying up property on a large scale contributes to it. Few people can complete with cash offers from a faceless entity.

Bingo. Her, specifically, is irrelevant. The real problem is that rich people, in general, can buy up entire blocks and turn them into investment properties. Great for them. But horrible for everyone who wasn't able to buy before 2020.

 

[markfromj]

Know why their is a housing crisis? This is one of the reasons.

No it isn’t.

 

[NorthernHawkeye]

No issue at all.

This is America.

 

[tumorboy]

IMO, to your point, this specific scenario isn't driving the housing crisis. I would argue that rich people (investment funds, for example) buying up property on a large scale contributes to it. Few people can compete with cash offers from a faceless entity.

This zombie owners. And when the market pops. Numerous homes become vacant. Killing a neighborhood.

 

[markfromj]

This reads to me like a rich person sucking up land in order to build a mansion on prime real estate that looks out over Lake Superior.

Of course it does.

 

[Hawk_4shur]

Well, you need a building permit to add to a home. I assume you need one to destroy it?

Billionaires doing billionaire things.

 

[DropitlikeitsHawk]

Hmmm rich people buying up land. I can’t say I’ve ever seen that before.

 

[jasonrann]

To each their own.

 

[Here_4_a_Day]

What's your take? She should be able to do what she wants if legal or she at least owes the decency of providing an explanation?

Duluth investigating options to protect Park Point as Kathy Cargill invests more

Mayor Roger Reinert said the city will examine zoning and other regulations that apply to construction and demolition.

m.startribune.com

As hard as you little marxists are trying to eradicate the right to private property rights, you haven't, and she doesn't owe you dick!

 

[Here_4_a_Day]

Know why their is a housing crisis? This is one of the reasons.

Reasons #1 and #1a are bidenomics and ILLEGALS.

 

[Finance85]

What's your take? She should be able to do what she wants if legal or she at least owes the decency of providing an explanation?

Duluth investigating options to protect Park Point as Kathy Cargill invests more

Mayor Roger Reinert said the city will examine zoning and other regulations that apply to construction and demolition.

m.startribune.com

My take is that it's her business what she does as long as it doesn't harm anyone else in the process.