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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 8:39 am to supadave3
Posted on 3/11/24 at 8:39 am to supadave3
"Wouldn’t you agree that Section 8 plays a part into it? Of an apartment complex accepts Section 8, it’s not a place you or I want to live."
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Agreed that section 8 anywhere is a less than desirable place to live, but the post was about corporations buying metro homes in Atlanta, not apartment complexes. I realize that some of these homes will be rented, but I am not convinced that removing section 8 benefits would affect corporations buying homes as an investment. The average family income for any HUD/ benefits, they probably Section 8 recipient is $16,000. Even with Section 8 benefits paying 60% of their rent, they still probably could not afford to live in these homes.
The real reasons that corporations have turned to real estate as an investment is that traditional sources of investment have gone south.
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Agreed that section 8 anywhere is a less than desirable place to live, but the post was about corporations buying metro homes in Atlanta, not apartment complexes. I realize that some of these homes will be rented, but I am not convinced that removing section 8 benefits would affect corporations buying homes as an investment. The average family income for any HUD/ benefits, they probably Section 8 recipient is $16,000. Even with Section 8 benefits paying 60% of their rent, they still probably could not afford to live in these homes.
The real reasons that corporations have turned to real estate as an investment is that traditional sources of investment have gone south.
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