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Saturday, October 8, 2011

Contagion Hits Minot -- The "Bakken" Effect -- Bakken, North Dakota, USA

Minot apartment complex doubling rent. I doubt their expenses doubled.
Residents at The Manor Apartments in southeast Minot had a rude awakening on the evening of Oct. 6.
Four-page notices were taped to the doors of the 91 units. The text on the first page stated that the apartment complex was bought by Belveron Real Estate Partners, a San Francisco-based firm.

"Belveron is looking to make a lot of good changes to the property in the near future and will continue with those changes as weather and circumstances permit," the notice reads.
Definition of "contagion: The spread of a behavior pattern, ... through imitation.

This apartment complex was bought by a group out of San Franciso, Ms Pelosi's home district. The "as weather and circumstances permit" is known in the industry as the "Pelosi clause."

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