“A lot of the residents in the surrounding area are receiving these requests to sell their homes.”
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Denver City Councilmember Shontel Lewis wants to stop cash-wielding investors from gobbling up once-affordable homes in gentrifying neighborhoods, often with slogans like “We Buy Houses.”
These investors post signs, call residents and send faux-personalized notes offering cash for older properties. After buying, the investors immediately sell the property, often earning tens of thousands of dollars without making improvements.
