General Discussion
In reply to the discussion: Stan Kroenke tells hundreds of fixed income residents in Texas to get off his newly-bought land [View all]underahedgerow
(1,232 posts)That isn't good financial planning. A free ride can't last forever. The homes there started out as housing for ranch hands. The original owners didn't care much when squatters moved in as the ranch hands moved on or died or whatever. The original owners also didn't provide long term leases for these tenants either, so they didn't care much for them either. One family has 2 houses up there!
The new owner isn't obligated to provide housing and a lifestyle for anyone. What interest does he have? What's in it for him? One grandma, maybe, but supporting free ranching and grazing for entire families, generations even?
This is business, it's his private property: the former owners made no provision for the tenants, as they well could have, so, it's a done deal. The tenants should have had a back up plan.