Philadelphia Inquirer article The city of Philadelphia has a policy that bars anyone from buying or leasing a home in the city that has less than 5.6 years of market value.
This policy applies to homes in the outer city limits and the suburbs.
In a ruling on Monday, Judge Barbara C. Williams said that this policy is unconstitutional because it does not guarantee that the property owner will continue to be able to sell it for profit.
“It’s not a guarantee that a buyer will be able [to sell] the home,” Williams said.
“There is no guarantee that, if a property is not sold, it will be sold again.”
Williams said she does not think the policy is consistent with the city’s constitution.
The city, however, is appealing the ruling.