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I'm skeptical of the impact this will have on homeowners, if you define homeowners as someone who owns the house in which they live. This comes at a time when
by ilovetux 3y ago
I'm skeptical of the impact this will have on homeowners, if you define homeowners as someone who owns the house in which they live.
This comes at a time when residential property is increasingly being bought up by commercial interests, and it is interesting to note that, as per the linked article, this case was brought by a group of home sellers and not people looking to buy.
While this change may benefit some people looking to buy their homes, I believe that most benefits will be reaped by commercial interests looking to rent the houses for profit.
- prepend 3y agoIt literally reduces the price paid to commission. That will to either the seller as a saved cost or to the buyer as a reduced price. How could it not increase their wealth?