This seems like a great idea. https://nextcity.org/daily/entry/austin-housing-authority-buys-private-apartments-rent-to-section-8-tenants …
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he's an apartment sale that just happened in an amenity rich part of town...pic.twitter.com/RlhQ3w9oey
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and here's another one. $7.8 Million for 31 units (~252K/unit). a whole fuck of a lot cheaper than new construction.pic.twitter.com/0wIVoABWsb
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Replying to @RevClown
Well, here’s a sale that just happened by someone who passed legislation that rent controlled apt owners should give right of first refusal to non-profits but then instead cashed out herself to private buyers!https://www.redfin.com/CA/San-Francisco/273-Dolores-St-94103/home/955138 …
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Replying to @kimmaicutler
i have no details regarding how this sale happened, whether non-profits were contacted, or whether this property is covered by that legislation. that said, its a fuck of a lot more than $250k/unit.
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Replying to @RevClown
"everyone else should decommodify housing except for me"
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Replying to @kimmaicutler
i'll refrain from commenting since I should probably know the down and dirty details before opining on the matter.
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I'm sure it's complicated like Lucca's and Mission Pie were complicated. But at the end of the day, people are making these individual financial choices that in aggregate create the system and structure we're all living in.
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Replying to @kimmaicutler
all the more reason to create easy to access structures/institutions that allow us to make a better world.
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Replying to @RevClown @kimmaicutler
yeah a well-capitalized public bank that finances loans to tenants to buy housing as permanently-affordable coops (with no way for owners to cash in after 30 years like with Mitchell-Lama) seems like a good idea, as does a baugruppe-like structure that makes self-build feasible
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