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FITM-K t1_iu9b1ap wrote

I wish people could all agree not to sell homes to these fucking corporations.

I know it's hard to turn down a full-cash, above-asking-price offer but sooner or later we're ALL going to be renting at insane prices because corporations are buying up all of the housing.

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startbox95 t1_iua6545 wrote

I sold my house in Brunswick last year to a young, Maine couple. I probably could have waited a bit and gotten more money, but it made me really happy knowing they were local and would really appreciate the home like I had.

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FITM-K t1_iua6yrr wrote

Hell yes, that's awesome. I'm currently in the first home I've ever owned, but if/when we ever move I'm hoping to do the same thing – sell it to a young couple like we were who are looking for their first home. Like you say, I'd want to know I'm selling it to someone who's going to live in it and appreciate it, not to some corporate bureaucrat who's going to turn around and try to rent it for triple what a mortgage payment on it would be.

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Live-Breath9799 t1_iubx36x wrote

First, I'm not supporting these corporations in any way. Do they use shell companies or hired people to buy the property where it goes back to them on the paperwork so people are not aware they are selling to a Blackrock or other corporation?

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FITM-K t1_iudb1qy wrote

It's possible, but I would guess not. They usually pay cash and above asking price; if someone offers that you should pretty much know it's either a corporation or some Chinese or Russian billionaire or something

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Greenleaf737 t1_iuj0fx7 wrote

I was talking to a realtor friend the other day in my busy tourist town, and he says it's mostly investors, and everyone knows. So it's not like the seller has no idea, most people just care about the $$.

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