30%

[jon-nyc]

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

[taiwan_girl]

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

[Horace]

Financial benefits that accrue only to owners who live there, are common. We have them here.

[LuFins Dad]

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.

[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.

[89th]

@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.

[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.

[taiwan_girl]

@89th said in 30%:

@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.