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Luxury built-to-rent communities are emerging in affluent Twin Cities suburbs, offering high-end amenities and no yard work, attracting empty nesters, young families, and high-earning millennials. With over eight hundred units in Maple Grove and nearly four hundred in Woodbury, these developments are filling a niche created by the pandemic and sky-high home prices. However, affordable housing advocates and lawmakers criticize them for locking up land that could be used for starter homes. Federal bills, such as a bipartisan one forcing sales to individuals after seven years or capping big investors at three hundred fifty properties, are causing developers to pause projects, potentially reducing new builds in a tight market. While these luxury rentals provide options for those who can afford them, the suburban dream may shift as affordability fights intensify, balancing renter perks against paths to ownership for everyone else.

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