From the Atlanta Tribune:
Real estate investors are playing a role in driving up home prices in Atlanta. In 2024 alone, investors have bought over $1 billion worth of homes. The metro Atlanta area joined markets in California, Miami, and Phoenix where over $1 billion worth of homes were purchased by investors from January to March, according to a […]
The post Real Estate Investors Purchased $1 Billion Worth Of Atlanta Homes In 2024, Driving Up Prices appeared first on Atlanta Tribune.
Here’s a thought, no Corp or LLC worth above $5 million revenue can purchase residential housing.
@Pistcow @ATLTribuneNewsBot Or another company
They’ll just make up hundreds of smaller shell companies to hide their activities… oh wait, they’re doing that already.
This sort of measure needs to tied to a body with the resources to monitor/investigate and the power to seize properties from violators, for it to have any real ability to deter and change things.
No corp or hedge fund should be allowed to purchase residential housing, period.