Black Couple Sells Their 236-Acre Farm To Developers For $13.7M

[ItsPeople]

You think the Buyers valued that lane at $13.6M? That’s 3/8ths of a square mile in probably the richest state in the US. They should have partnered with the group building the resort instead. Then they'd still have part ownership and an income stream instead of a windfall split X ways.

Or a 99 year lease

 

[Geek Nasty]

Breh you're giving advice to millionaires. Are you a millionaire yourself?

Not even close. Kanye is a billionaire or was. I have plenty to say about his choices too.

 

[Voice of Reason]

African couple

 

[Premeditated]

Rich people and corporations are buying land all over the globe and these black people are selling theirs. SMH.

oh please, they would have been fools to not take it. what's that land to 13 million. plus, apparently they are Liberians, they can go a long way with that money. they were able to flip 5.5 mill in less than 2 years.

 

[xXOGLEGENDXx]

On one hand I wish they would’ve just kept it because I like to see Black people retain LAND. In this country, land is wealth. Long-term wealth. Generational wealth.

They literally sold it for $13M. I think that is long term wealth right there.

 

[African Peasant]

oh please, they would have been fools to not take it. what's that land to 13 million. plus, apparently they are Liberians, they can go a long way with that money. they were able to flip 5.5 mill in less than 2 years.

 

[Unolove]

Get that money

shyt my moms finnah sell the crib in a couple years it’s not on the same level as the people this thread is about but the family got the house for 35k waay back and now it’s worth 200k easy come up

Crazy shyt is my neighbors kids that are older than me spent their lives lying and saying they owned the crib my grandparents bought in 67

 

[SadimirPutin]

The sale aint the issue......I just hope they got a good deal on the price...236 acress is a fair chunk of land and depending on location could be worth quite a lot

 

[saturn7]

Somewhat related. Feds really need to crack down on this shyt. Politicians love talking about the "middle class" but how the hell can people move up to the middle class or remain there if they have to compete with Corporations for housing?

 

[Conan]

Somewhat related. Feds really need to crack down on this shyt. Politicians love talking about the "middle class" but how the hell can people move up to the middle class or remain there if they have to compete with Corporations for housing?

Are you trying to ban landlords (cc @Wiseborn) or ban corporations from being landlords?

 

[itsyoung!!]

Are you trying to ban landlords (cc @Wiseborn) or ban corporations from being landlords?

my personal (possibly biased thoughts):

A corporation created to only buy real estate I think is fine (example if me and my friends invest together under 1 corp to buy mutliple properties over the years. Lets say 1-2 properties a year).

A corporation like Zillow that buys thousands of properties a year is wrong though.

First time home buyers should have priority over everyone.

Should pause non Americans buying houses for a few years, including corporations. Im not talking about people moving to America and buying houses. I am talking Europeans and Asians buying houses, while living there, and flipping them at higher costs to actual Americans.

 

[saturn7]

Are you trying to ban landlords (cc @Wiseborn) or ban corporations from being landlords?

Ban or limit corporations and stronger restrictions on foreign investors.

 

[Conan]

my personal (possibly biased thoughts):

A corporation created to only buy real estate I think is fine (example if me and my friends invest together under 1 corp to buy mutliple properties over the years. Lets say 1-2 properties a year).

A corporation like Zillow that buys thousands of properties a year is wrong though.

First time home buyers should have priority over everyone.

Should pause non Americans buying houses for a few years, including corporations. Im not talking about people moving to America and buying houses. I am talking Europeans and Asians buying houses, while living there, and flipping them at higher costs to actual Americans.

I'd go one step further.

I would impose a punitive tax on more than 1 house per person/2 per couple. No one needs more than 1/2 homes.