Real Estate Investors Purchased $1 Billion Worth Of Atlanta Homes In 2024, Driving Up Prices - Atlanta Tribune
atlantatribune.com
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 …
  • Pistcow@lemm.eeEnglish
    3·
    6 months ago

    Here’s a thought, no Corp or LLC worth above $5 million revenue can purchase residential housing.

    • Mystech@lemmy.worldEnglish
      1·
      6 months ago

      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.