> Every Thursday, Jacques Baudrier, the Paris city councilor in charge of housing, scrolls through the list of properties being exchanged by sellers and buyers on the private market. With some exceptions, the city has the legal right to pre-empt the sale of a building, buy the property and convert it to public housing.
What are the mechanics of how this works? If I agree to buy a property for a million dollars, does the city get a chance to match that price?
What are the mechanics of how this works? If I agree to buy a property for a million dollars, does the city get a chance to match that price?