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

It’s private equity companies.

Look into the healthcare companies/facilities they also own —- that will worry you.

I’m as much of a capitalist as you can be — but private equity is playing bully ball, once again, as they did in the 80s. It’s time they get broken up or regulated.

They have no business being in single family homes, and most certainly have NO business in healthcare. It’s a shame.

Didn’t coal companies 100 years ago or so have mining towns where houses, restaurants, bars, and stores were owned by the coal companies? If I remember my history that was taught, that was bad.

What’s different now?

"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.

There are laws being proposed to prevent, mitigate this. One of them I've heard about will prevent corporations from purchasing a home the first 30 days on the market. That should help. Here's some other info:

Some Texan media outlet on legislation to limit institutional purchase of SFH

But of course, our Congress is ineffective, so nothing will happen to help average Americans.

PE should not be allowed in the housing game.

I am shocked by how many posts there are from Communists on this site who hate free market Capitalism. Can't find a home you can afford? Either work harder & make more money or move to North Korea.

I get two or three calls daily from someone claiming to "represent a group of investors" who are interested in purchasing my home. Apparently Lawrenceville/Gwinnett (about 25 to 30 miles east of Atlanta) is a hot market right now.

Yeah, I'm in the market to purchase a new home and move away from Atlanta so I don't have to drive through it twice a day, but I have no desire to entertain their "cash offer" for my current home. I'm not going to be the one who leaves my neighbor stuck with a rental property right next door.

F*** these people!

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

Please explain what republicans have done to combat this.

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The more you argue abouts stuff like this, the less you realize that neither party gives a shite about any of us.

If worthless Biden wants to do anything good in his term, he’d bust them up by EO and ensure they can’t take hold of real estate or medical ever again. And make them sell these homes they hold at market value bf the implosion. But he won’t. And Congress doesn’t care, those folks are their bread and butter. I’d like to see all PE firms go bankrupt. Eve the restaurant PE firms bc they are behind the crap expensive food and poor service.