Quote:
Originally Posted by MissNina
Whats up with all the condos down around there, like that walled-off naval square? I used to live down on 24th and Kimball..decent area.. landlord kicked us out so they could sell a house that was falling apart for 300,000..probably wasn't worth more than 50,000.. Isn't there some sort of regulation on how much you can sell a house for, to at least regulate gentrification, and keep it from getting out of hand?
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It sux that happened to you. But no, there are no laws that prevent people from selling their own properties for as much as they want, as long as buyers are willing to pay.
However I do think there are some larger developments in the neighborhood that have been required to include some "affordable" options, for lower-income buyers.