• Mubelotix@jlai.lu
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      5 months ago

      In France there is a law that forces you to sell to your tenant if he has the highest bid

      • LaMouette@jlai.lu
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        5 months ago

        It’s even better than that because it is illegal to make bids on a property you sell so the seller name a price and if someone want to buy it at that price it’s sold. Most of the time buyers tries to bargain on markets where the demand is low

        • bluewing@lemm.ee
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          5 months ago

          They can still do that through proxy buyers. If you go to enough auctions, it’s easy enough to pick them out.

        • kata1yst@sh.itjust.works
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          5 months ago

          I mean, my wife and I didn’t sell to the two highest bidders on our first house because the fuckers were obviously going to rent it out.

          One was a bid entered by a piece of software often used by flippers and rental companies (had branding at the bottom of the pages etc) and the other was a cash in hand bid with an overt offer of more under the table, which is fairly illegal where we live.

          We selected third place, someone who had messy handwriting, obviously has been written by two different people, and ended the bid with “777” which was cute and showed us not only were they human, they really wanted the place. And no wonder, with offers like the first two likely happening on nearly every sale in the area.

          • bluewing@lemm.ee
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            5 months ago

            I did that myself with a home. I ignored the high bid in favor of selling at a steep discount to a young family.

          • jaybone@lemmy.world
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            5 months ago

            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.

              • PoopDelivery@sh.itjust.works
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                5 months ago

                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.

            • neonbeige@lemmy.dbzer0.com
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              5 months ago

              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

            • zbyte64@awful.systems
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              5 months ago

              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.

        • bluewing@lemm.ee
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          5 months ago

          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.

      • BastingChemina@slrpnk.net
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        5 months ago

        More precisely, when you sell the tenant has the right to buy it first.

        If the landlord is thinking of accepting an external offer under the initial price then he has to ask again to the tenant if he would buy it at this lower price.

      • shylosx@lemmy.world
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        5 months ago

        Idk, something like 12% of all metro Atlanta area homes are leased out by about 3 rental property companies. That’s a huge amount.

          • shylosx@lemmy.world
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            5 months ago

            Comparing across the nation doesn’t really matter in things like real estate where prices, inflow vs outflow of people etc vary wildly, particularly when talking about the actual impact on the average person within the locality.

            “Cherry picked by source to increase clicks” what sort of landlord boot licking is this lmao. Amherst Holdings (owns almost 40,000 homes nationally), Pretium Partners (owns around 80,000 homes nationally), and Invitation Homes (also around 80,000 nationally) own through subsidiaries 11% of all single family homes across metro Atlanta for rental purposes.

            This isn’t opinion or spin, it is fact.

            Most of their ownership (9.2% of that 11%) is from houses in the lower half of median home value, effectively ripping those inventories out of the market for first time home buyers and inflating the price of those tiers of homes for first time home buyers.

            Maybe you’re confused about what “Metro Atlanta” means. It’s not just the City of Atlanta. Metro Atlanta is spread across 5 counties, from the heart of downtown to some real yeehaw rural areas of the outer counties.