The Georgia senator's signature housing proposal is now law after President Donald Trump neither signed nor vetoed the bipartisan housing package.

As CBS News Atlanta previously reported, more than one in four single-family rental homes in metro Atlanta are owned by large corporate investors — more than 72,000 homes — giving the region one of the highest concentrations of institutional ownership anywhere in the United States.

Housing advocates have argued that those companies can outbid families with cash offers, reducing the number of homes available to first-time buyers while contributing to higher home prices and rents.

Warnock has repeatedly cited those trends in pushing the legislation, saying corporate investors have increasingly treated homes as financial assets instead of places for families to live.

  • ArtisianEnglish
    82·
    3 days ago

    I’ll note that this is happening as corporate owners are net sellers, not buyers. There are better uses for their money (they think) than holding onto houses now. This is good for the future, and nice in certain areas that were getting choked to death. But… corporate owners only have ~3-9% of the single-family home market (source). Every little bit helps, though we need cities to fix up zoning and increase density. (There’s incentives for them to do that now iirc, so push for density on the ballot this fall!)

    • ZannsoloEnglish
      9·
      3 days ago

      They need to be forced to sell en mass and the limit needs to be was lower like 5 not 350