Brickbat: Buyer's Market

Julia Sudnitskaya / Dreamstime

Cynthia Lopez had a buyer willing to pay her $265,000 for her home. But just days before the sale closed, officials with the city of Denver informed her that her home was part of an affordable housing program and she could sell the home for no more than $186,000. Officials admit that none of the paperwork that Lopez signed when she bought the house indicated it was part of such a program and that she didn't qualify for the program when she bought it. They say that doesn't matter. In fact, now that it has been brought to their attention that her income didn't qualify for the program, they say she must sell the house and she must sell it for no more than $186,000.

Comments

[ALWAYS RIGHT]

The only solution is the final solution: bring back the guillotine.

[This Machine Chips Fascists]

What is a chipper but a guillotine with a strong Protestant work ethic?

[buybuydandavis]

I like that!

[Adans smith]

rice controls work so well and Denver went one better.Trying to force her to sell because she's not 'the right kind of person' . Wow.,I do not see this surviving a lawsuit.Institute for Justice where are you?

[Jerryskids]

Government is just the name for the things we do together and we decided we're going to sell our house for 186k.

[Fist of Etiquette]

When Solivan was repeatedly asked if the city would grant Lopez an exemption if the review process found she was not at fault and had no way to know she was buying a home deemed affordable housing, he refused to say.

They can't grant her an exemption because the next homeowner would be in the same boat if they wanted to sell before the 2023 expiration date. It's a systemic fuckup that no bureaucrat is equipped to handle.

[Adans smith]

Damn Kulaks spoil everything ,with their property rights and binding legal contracts.

[Roger the Shrubber]

Who knew you would need a 27B/6?

[Longtobefree]

She didn't buy that - - - -

[Conchfritters]

""There is no punishment here because the review process is underway," he said.

Oh yeah, she's fucked.

[ace_m82]

Burn the officials' houses to the ground. That's the closest thing I can think to justice in this case.

(Ensure all people and pets are out of the house first, of course.)