Comment on Rent is theft
Not_mikey@lemmy.dbzer0.com 1 week agoif I sold it, it would go not to a family in need, but to a BnB company or an “investor”
You know you can choose who to sell it to, you can reject offers from investors. The family in need may not get you the highest price but reducing the price makes housing more affordable, at the expense of your bottom line though.
Sure the family could’ve tricked you and sold it right back to an investor but with closing costs, fees etc. it would make it hard to make a profit by doing that.
Alaknar@sopuli.xyz 1 week ago
Not how it works in my home country. There were even cases of people selling to families, and then those families immediately selling to investment firms, because they were just plants.
That’s one issue. The second issue is that most actual families can’t afford apartments at all. Sure, I could sell way below market value, but I’m not well off enough to do it for the cause, I wouldn’t be able to afford the leftover mortgage.