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re: 3 corporations now own 19,000 metro Atlanta homes

Posted on 3/11/24 at 5:23 pm to
Posted by LemmyLives
Texas
Member since Mar 2019
6559 posts
Posted on 3/11/24 at 5:23 pm to
You and your quasi-free market solutions. Pshaw!

19k homes in Atlanta is nearly inconsequential. Is a home or a condo? A single family home? 2BR condos near the split are listing for $300k. 600 square feet for $200k? That's a choice, so you have expendable income for bondage parties ITP.

Chinese, at least, have been buying single family homes in Houston for at least 15 years. Ex MIL sold her house to a Chinese investor around 2012? to a lady that couldn't be found for weeks, because she (the "investor") was apparently gambling somewhere. All cash, I think just short of $500k.

But let's ignore interest rates and the impact of FedGov policies on how much a loan costs. And how it got suddenly worse in late 2020, and continued to get worse.

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