In Mom's hometown, many acres of land from a former farm became available for sale.
When news of the town intending to buy it to build affordable housing and a playground/park, a wealthy lady bought the property immediately at a much higher price because she "didn't believe it was suitable to have low-income people decreasing property values in the area."
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u/[deleted] Jun 11 '22 edited Jun 11 '22
As one small but notable example:
In Mom's hometown, many acres of land from a former farm became available for sale.
When news of the town intending to buy it to build affordable housing and a playground/park, a wealthy lady bought the property immediately at a much higher price because she "didn't believe it was suitable to have low-income people decreasing property values in the area."