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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 12:00 pm to AUFANATL
Posted on 3/11/24 at 12:00 pm to AUFANATL
quote:
More regulation here is needed and appropriate because "the home is different". Now I would draw that line much further than things like home related commodities - for example building materials used to construct a home. If conglomerate homebuilders and their financiers want to negotiate sweetheart supply agreements for lumber, steel, concrete, fixtures, etc then that's fair capitalism. But monopolizing the land and stock is bad for society and against the very founding principles of this country.
The rate of homeownership in the USA is roughly north of 60% and hasn’t really changed since the 1960’s.
I agree that corporate domination of the residential housing market is bad, but I don’t see how that is limited or curtailed.
What about individuals that own 10, 20, or 30 houses? Lots of those properties are in some sort of LLC.
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