3 corporations now own 19,000 metro Atlanta homes

There were 99k homes for sale, as displayed on the giant realtor sign on I-85 just north of the Grady curve in 2008.

Tell your wives and their friends to stop voting for lefties. Otherwise we have no chance.

I can see why this is good for corporations. But this is terrible for residents.

"You will own nothing and you will like it" Klaus Schwab

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I have seen multiple articles now about developers building entire neighborhoods and only renting every house in the neighborhood. I’m talking large neighborhoods and every single house in the whole area is only for rent. That’s not a good sign at all

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Housing corporations are learning the same essential business model of grocery stores that accept Food Stamps, if the government is going to come in and pay all or a portion of some one’s bills, why not cash in on the gravy train. There is money to be made and since the government is oblivious to the costs. The housing companies control the rent rates, making them even more money, regardless if it is Joe Blow working 2 jobs to afford a 3,500 dollar a month town house, or a welfare queen paying 350 dollars a month for a bigger townhouse while her section 8 voucher pays the rest of her 4,000 dollars a month rent.

Just keeping the man down

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I have seen multiple articles now about developers building entire neighborhoods and only renting every house in the neighborhood.

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It's not much different than all the apartment complexes which have gone up down Burbank from Lee to help house all of the LSU students. When\If TOPS ever shuts down, all of those will become Section 8 within a couple of years.

Renters generally take less care of the property than owners. As those neighborhoods degrade, the property owning corporations owning so much of the neighborhood will turn it Section 8 faster than it would have turned with individual property owners.

At that point it's going to take more investment by the corporations to manage and maintain those neighborhoods as an increase in poverty often accompanies an increase in crime (including property damage).

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Didn't they have another one of those signs on I-285 between Buford Hwy and Spaghetti Junction?

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I think so, I spent a lot of time going past the I-85 one (just north of Brookwood). Looking it up, Metro Brokers of Atlanta (the company that put up the billboards) is still around.

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The free market could never settle at this as an equilibrium. Just not possible.

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But isn’t an unregulated free market what’s leading to this?

Corporations are able to buy up the housing and inflate prices because of unbridled capitalism.

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I’m talking large neighborhoods and every single house in the whole area is only for rent.

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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.

"Nah, if subsidies and entitlements were taken away the market wouldn’t be as attractive to corporations. It’s artificially inflated prices and has kept prices increasing more rapidly than without interference."
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Which subsidies and entitlements do you think are causing this?