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

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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.

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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.

my understanding is that many of the DSLD and Horton homes or being used to straight rentals.