My kudos to Aaron! Savage, thank goodness your profile says "Just looking" rather than "Real Estate Professional", for I'd be embarassed and disappointed for my profession if it had.

Savage- your response and your profile are offensive. It is subtle, but your point is clear. You may want to consider changes to both if you'd like to be an active participant on this forum... take a look at the Community Guidelines for more guidance: http://www.trulia.com/guidelines/

Did you mean Crumbling Heights? Drive down Central Avenida and you tell me.

Add me to the list answering to the affirmative on that question. This market will be soft for several years but over a 5+ year timeframe you'll have a very high chance of seeing appreciation... my belief is that it will be more than enough to pocket some $$$ after your expenses of selling.

On that long of a time scale, there really isn't any neighborhood that shouldn't see appreciation... what is best for you depends on if you're trying to find something purely from an investment standpoint or from a lifestyle standpoint. The appreciation between the two could vary some, but at the end of the day I don't think you'll go wrong with any purchase made at the right price for today's market.

Hi Liz.....

Yes, as Michael stated, you should be prepared there and almost anywhere in the cities to hold the property for a few years.

I have been shopping that market with some clients and there are some good buys out there. You may also want to look at the Innsbruck area of Fridley which is VERY nice, and very close by.

I hope I've helped!

Thanks, Todd Norsted

YES! I just got a steel of a deal on a New Construction Columbia Heights townhome which we are closing on today. 3 beds, 3 baths, 2 stall garage, and fully furnished (brand new) for $195,000. My client was extremely happy about this buy. There are a few other unit for sale in the development and I have talked to the owners. They told me that they would consider doing the same thing if I had a buyer. If you are interested in talking to me about it please visit my web reference below and contact me.

Thanks,

Liz,
I think if you buy right and hold a house for five or more years you should be o.k. It looks like 2008 will be a down year and 2009 flat. After that I would't expect to prices to raise more then 3 to 5 percent a year for the next few years.
Michael Doyle Realtor