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3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 12:59 am
Posted on 3/11/24 at 12:59 am
25
Posted on 3/11/24 at 2:12 am to Byrdybyrd05
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.
Tell your wives and their friends to stop voting for lefties. Otherwise we have no chance.
Posted on 3/11/24 at 5:03 am to Byrdybyrd05
I can see why this is good for corporations. But this is terrible for residents.
Posted on 3/11/24 at 5:21 am to Byrdybyrd05
"You will own nothing and you will like it" Klaus Schwab
Posted on 3/11/24 at 5:34 am to Byrdybyrd05
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
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
Posted on 3/11/24 at 6:00 am to Byrdybyrd05
Look who lives there duh
Posted on 3/11/24 at 6:01 am to Byrdybyrd05
Just keeping the man down
Posted on 3/11/24 at 7:57 am to Byrdybyrd05
I am still in my “starter home” and it will be paid off in few years. I’d hoped to move after retirement and buy elsewhere. The way things are going, I have decided I like my home and will just update it and be thankful for it if things stay the way they are. It’s mine.
Posted on 3/11/24 at 7:59 am to Byrdybyrd05
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.
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.
This post was edited on 3/11/24 at 8:20 am
Posted on 3/11/24 at 8:10 am to Byrdybyrd05
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?
What’s different now?
Posted on 3/11/24 at 8:47 am to Byrdybyrd05
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.
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.
Posted on 3/11/24 at 9:42 am to Byrdybyrd05
There are several of these neighborhoods in Gwinnett County, but didn't realize how widespread over the entire metro that they are.
Looking at the website of AMH, the company that owns one of the Gwinnett neighborhoods, they have them on the east and west side of Atlanta, as well as Charlotte, Charleston, Jacksonville, Nashville, Vegas, Boise, Colorado Springs, Orlando, Salt Lake, and a handful of other cities.
Looking at the website of AMH, the company that owns one of the Gwinnett neighborhoods, they have them on the east and west side of Atlanta, as well as Charlotte, Charleston, Jacksonville, Nashville, Vegas, Boise, Colorado Springs, Orlando, Salt Lake, and a handful of other cities.
Posted on 3/11/24 at 9:49 am to Byrdybyrd05
This activity was largely driven by extremely low interest rates. With rates up, relatively few rental sub markets will hit PE’s return hurdles. They can pay cash, but they make way more money by levering the shite out of these huge portfolios, which is way less attractive now than it was 2 yrs ago.
Posted on 3/11/24 at 10:20 am to Byrdybyrd05
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.
Posted on 3/11/24 at 10:36 am to Byrdybyrd05
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!
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!
This post was edited on 3/11/24 at 10:37 am
Posted on 3/11/24 at 10:38 am to Byrdybyrd05
disgusting
Posted on 3/11/24 at 10:40 am to Byrdybyrd05
What is the board’s take on this? Is this too much capitalism? Do yall advocate government intervention?
Posted on 3/11/24 at 11:59 am to Byrdybyrd05
quote:
3 corporations now own 19,000 metro Atlanta homes
Oh I'm sure this will be fine.
Hey politicians. Instead of all the semantic bullshite, maybe swing in and get this taken care of for us before we're all living in state housing.
Posted on 3/11/24 at 12:19 pm to Byrdybyrd05
quote:.4 of 1 percent - almost 1 in 250!!!!!
3 corporations now own 19,000 metro Atlanta homes
SCARY shite! Before you know it, they'll own .5 of 1 percent!!!!
LINK
Posted on 3/11/24 at 2:49 pm to Byrdybyrd05
Disgusting our country allows corporations to own single-family residences at all.
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