cross-posted from: https://discuss.online/post/42571735
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.
Corporations can still own up to 350 homes per investor group, and they can keep the ones they already own.
They are limited to 350. The law does prevent subsidiary and shell games, at least an attempt.
So they just setup a network of mutual aid contracts between 350 groups and all use the same management vendors and spread ownership maybe?
350 is so many!!! Wtf
The democrats are always a day late and a dollar short. So basically useless.
TBF there have been 48 or less DNC for over 13 years, I’m surprised this passed at all.