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wrote on 21 May 2025, 13:00 last edited by
30% of single-family homes in Atlanta are now owned by institutional investors.
https://unusualwhales.com/news/investors-now-own-30-of-metro-atlantas-single-family-rental-homes
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wrote on 22 May 2025, 15:43 last edited by
How to fix? NOt sure you can limit to whom you sell. Maybe require owners to live in the house, but then that decreases teh rentals even more. :shrug
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wrote on 22 May 2025, 15:46 last edited by
Financial benefits that accrue only to owners who live there, are common. We have them here.
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wrote on 22 May 2025, 16:09 last edited by
The other weird thing is how many of these properties go on the books as AirBnB but are never actually rented out on the sites.
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wrote on 22 May 2025, 16:11 last edited by xenon
I think it's 30% of rental single family homes, but the point still stands. It's a lot, and they distort the market for regular home sales since they're always in the mix.
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How to fix? NOt sure you can limit to whom you sell. Maybe require owners to live in the house, but then that decreases teh rentals even more. :shrug
wrote on 22 May 2025, 16:54 last edited by@taiwan_girl said in 30%:
How to fix? NOt sure you can limit to whom you sell.
I'd imagine it would be somewhat simple to have a law that requires you to live in a house if you buy it. Grandfather existing rentals, I guess. But otherwise the law would be clear that sales cannot be to institutional investors.
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wrote on 22 May 2025, 16:55 last edited by jon-nyc
Per Horace’s comment you just tax them extra for non-owner occupied. It wouldn’t eliminate it but you’d adjust the economics of their business model.
Of course then all rentals would be more expensive.
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@taiwan_girl said in 30%:
How to fix? NOt sure you can limit to whom you sell.
I'd imagine it would be somewhat simple to have a law that requires you to live in a house if you buy it. Grandfather existing rentals, I guess. But otherwise the law would be clear that sales cannot be to institutional investors.
wrote on 22 May 2025, 18:00 last edited by@taiwan_girl said in 30%:
How to fix? NOt sure you can limit to whom you sell.
I'd imagine it would be somewhat simple to have a law that requires you to live in a house if you buy it. Grandfather existing rentals, I guess. But otherwise the law would be clear that sales cannot be to institutional investors.
The problem I see is that it would eliminate the rental houses almost completely.