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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 7:25 am to Fat and Happy
Posted on 3/11/24 at 7:25 am to Fat and Happy
quote:
I’m talking large neighborhoods and every single house in the whole area is only for rent.
Every house an entire community being a rental is a recipe for slow degradation for that community. Most (not all) but certainly most renters see that home as being temporary therefore they aren’t invested in keeping it nice, updated, organized, repaired or frankly any other adjective you can think of. As example one of the first signs that neighborhood is on its way down is the increase in the number of rental homes. It’s a slow drop to the bottom and can take years to occur. Beyond these corporations buying rentals Also complicit are landlords that should not be landlords as well. They watched a how to video on buying rentals and off they go. They spend too much and then come to reality that they have to cut corners to make it work. Again not every rental is bad but when large portions or the entire neighborhood are rental properties it won’t end well.
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