T. Austin Brown on Nostr: npub1alwht…urpc0 npub1csgse…ypfvq There's a generational shift in ownership ...

npub1alwhtjhj9s9hturhp3f4etvpfd9np50k0g35laftt39tswjeltzqrurpc0 (npub1alw…rpc0) npub1csgseza3tp4fcuu0zu5fduztgz695k8x6fqer8jtfmyqhnlvgyssmypfvq (npub1csg…pfvq) There's a generational shift in ownership taking place in a lot of cities, where working-class owners of small buildings are retiring, selling, and moving somewhere cheaper to enjoy the proceeds. Since they often bought during the bad old days of disinvestment in cities, their salaries paid for a mortgage on a 3-unit in an affordable area. Now that $50k building is worth $1.3m. Their kids generation can't afford that, so they're selling to investors.