People keep giving away homes for free

The crescent-shaped island of Nantucket, 30 miles off the coast of Cape Cod, Massachusetts, has long been the home of idyllic summer getaways for the rich and famous.

Nantucket's median sales price is $3.6 million, according to Realtor.com, though many homes cost much more.

In 2021, Blackstone CEO Stephen Schwarzman was rumored to be the buyer of a $32.5 million waterfront estate, according to the Nantucket Current, a local paper. The Barstool Sports cofounder Dave Portnoy set a Massachusetts record when he paid $42 million for a six-bedroom home on the island in 2023, outlets including The Wall Street Journal reported.

But in stark contrast to the eight-figure homes is another common Nantucket practice: giving away homes.