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A lease is just that - it's a short term contract to use someone else's space. When your contract is up the person or company that owns that property doesn't have any obligation to renew that contract.
A lease is just that - it's a short term contract to use someone else's space. When your contract is up the person or company that owns that property doesn't have any obligation to renew that contract.
If you want to plant roots somewhere - buy.
Many, if not most people cannot afford to buy. So they should just be at the whim of greedy developers?
If you are renting the property the owner has no obligations other than what's in the lease and required by local laws.
In this case it looks like the developer is simply not renewing leases (I'm basing that on the woman who has lived there for 11 months, and has to move out in a month). I think landlords should be required to honor all leases in place when they buy a building, and also give notice to all residents if a building is up for sale. It's very possible both things were done in this case.
I thought it was interesting that the reporter in this story had lived in the building, but didn't renew her lease months earlier because she believed the building was being sold.
Many, if not most people cannot afford to buy. So they should just be at the whim of greedy developers?
65% of households in the US are owner occupied and most landlords are not developers or property managers but rather people who own a unit or two so your premise isn't true.
1/3 of renting households are headed by people under 30. The average age of renters peaks around age 35 and the likelihood of someone renting decreases with age.
I'm not anti-renter. I own a house but I rent it out and I live in an apartment because I don't live where my house is anymore but I hold on to my house because I'll probably go back there somday. I'm also not anti-poor. The affordable housing budget in this country is massive and could easily house everyone who needs it but the money is currently being squandered (mostly through patronage). I'd say that the system needs to be reformed and if it still needs more money then we can recover that money through a tax on luxury housing.
Everyone has a right to housing but there is no right to squat on someone else's property for as long as you feel like.
OP, I think it takes developers that are not in it for a profit. Call it public development or whatever, the profit motive is something that is very hard to get around.
How many not-for-profit developers exist anyway?
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