re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

quote:

---

In some American cities, institutional investors hold a much larger share of homes than they hold nationally. In Atlanta, nearly 11% of all rental homes in the five-county area are now owned by three real-estate companies, a recent study by researchers at Georgia State University found. A 2022 analysis by the U.S. Department of Housing and Urban Development said 21% of Atlanta rental homes were owned by some large institution.

---

Funny to see this. A friend of mine who is in finance in NY about 10 years ago was visiting me and he mused to me how cheap ATL real estate was compared to other major metros and how there was a lot of opportunity there. I remember starting to pay attention to those home shows when they were in ATL and looking up listings and I had to agree.

And here we are where apparently everyone else in finance caught on.