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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
this post was submitted on 09 Jun 2024
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Wouldn’t most people sell to the highest bid anyway?
Never any history of racial segregation in the housing market, nope. No Sir. Never.
Are people really accepting less money so they don’t sell to brown people? Like why would you care? You’re selling the property. You don’t have to deal with the new owners if you happen to be racist.
Granted, this article was from all the way back in… last week.
“An African-American woman’s quest to buy a pricey condo near the Virginia Beach Oceanfront – impeded by the white homeowner’s refusal because of her race – is just the latest example.”
“…landlords frequently use subtle methods or mask the real reasons why they don’t want people to move in.”
Virginia Mercury News
Gotta keep the community pure.
I'll add, as a minority there are neighborhoods that are off limits because I know I would not be accepted, and, I have an "ethnic" name, so I assume some bias may be held towards people selling in neighborhoods like that.
The neighbors care. So unless you don't live in that town it could make for some interesting neighborly interactions. Wouldn't be surprised to find court cases of neighbors suing for loss of property value.
There have been auctions in the past, mostly farm, that the community got together to drive off outsiders and then proceed to lowball every item on the auction. They would then return everything to the owner after the auction.
It was a fine 'fuck you' to the bank, until the bank closed or sold out because they no longer had the assets and cash reserves needed to stay open themselves. Which then screwed the rest of the community over.
Yes but we had our fair share of assholes