Within a few weeks of the eviction, the landlord put the property on the market for $1.4 million; it’s a good time to sell, considering he bought the place for $627,000 in 2002.
Is this so crazy and outrageous? Someone buys a property, and 12 years later they want to sell it? Yes, it's appreciated. Has it appreciated that much more than the S&P 500, given the liquidity issues and upkeep?
I feel bad for the tenant, and our safety net is imperfect, but "I'm renting here now" shouldn't mean "I'm renting here forever at below market rates."
One reason housing rates are so high is that people don't want to invest in housing infrastructure if they can't get their money back.
Is this so crazy and outrageous? Someone buys a property, and 12 years later they want to sell it? Yes, it's appreciated. Has it appreciated that much more than the S&P 500, given the liquidity issues and upkeep?
I feel bad for the tenant, and our safety net is imperfect, but "I'm renting here now" shouldn't mean "I'm renting here forever at below market rates."
One reason housing rates are so high is that people don't want to invest in housing infrastructure if they can't get their money back.