I bet you’ve never seen anything quite like this before…
A woman shared a video on TikTok and she talked to viewers about a set of 35 homes that are available to buy in bulk on Zillow in Philadelphia.
And some folks are concerned that whoever buys these properties will take advantage of the people who live there.
Photo Credit: TikTok
The woman said, “There’s an entire neighborhood for sale in West Philadelphia. And something about this just doesn’t sit right with me.”
The description of the properties says they are occupied with “some under-valued rents and significant capital appreciation opportunity” that might be “an advantageous investment opportunity.”
Photo Credit: TikTok
The woman continued, “This makes me nervous for the families living in these homes. I would just love for the people living in these 35 homes to have like support and resources from the city to be able to buy their homes, instead of their entire neighborhood being for sale.”
The neighborhood is called Cobbs Creek and the median family income there is more than $16,000 lower than the national average, so it’s easy to see why some people are concerned about this potential purchase.
Photo Credit: TikTok
Check out what she had to say in her video.
@sierrakatherinee My Spidey senses are tingling. What dk yall think about selling entire neighborhoods? #philadelphiarealestate #zillowfinds #philly #buytheblock
Here’s how people reacted.
One viewer thinks the residents need to band together.
Photo Credit: TikTok
Another TikTokker said this kind of thing shouldn’t be allowed to happen.
Photo Credit: TikTok
And one viewer thinks they know what needs to happen here…
Photo Credit: TikTok
Affordable housing is getting harder and harder to find.
I hope these people don’t get screwed.
Source: https://twistedsifter.com/2023/08/this-makes-me-nervous-for-the-families-living-in-these-homes-zillow-listed-an-entire-neighborhood-for-sale-with-35-low-income-houses/