Nick Nolte, at Breitbart, reports that a recent study conducted by researchers at Georgia State University found that three corporations own more than 19,000 homes in Atlanta’s five metro counties.
The study found that “Invitation Homes, Premium Partners (which operates Progress Residential), and Amherst Holdings (which operates Mainstreet Renewal) own around 11 percent of all single-family homes for rent in the state.”
“In smaller neighborhoods, sometimes that’s upwards of 50 percent,” GSU professor Taylor Shelton said. “Just a decade ago or so ago, none of these companies even existed.”
“The homes that most of these companies are buying are exactly the kind of homes that 15, 20, 30 years ago would have been starter homes,” Shelton added. “Whether you are renting or buying, the effect of these companies is they are driving up prices for everybody.”
Nolte adds:
The key to independence, security, prosperity, and liberty is owning your own home, period. There’s no other way in for most of us. You buy a home, pay it off, and now you have a little something. As long as you can cover the property taxes, at the very least, you will always have a place to live and an asset.
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For most of us, there is no American dream without home ownership. That’s it. That’s all we got. And now we have some fascist corporations moving in to suck up all the starter homes. This is especially dangerous in a fascist culture where Democrats adamantly oppose building new single-family homes. So where does that leave you? That only makes it more difficult to get your starter home — and that’s a feature, not a bug.
Additionally, nothing destroys a neighborhood faster than rental properties....
Especially when you have multiple families living in one home.
Don't forget the illegal demand . . .
ReplyDeleteIt's because of the steady influx of illegals that it is worthwhile for these companies to buy up these properties.
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