Comparing across the nation doesn’t really matter in things like real estate where prices, inflow vs outflow of people etc vary wildly, particularly when talking about the actual impact on the average person within the locality.
“Cherry picked by source to increase clicks” what sort of landlord boot licking is this lmao. Amherst Holdings (owns almost 40,000 homes nationally), Pretium Partners (owns around 80,000 homes nationally), and Invitation Homes (also around 80,000 nationally) own through subsidiaries 11% of all single family homes across metro Atlanta for rental purposes.
This isn’t opinion or spin, it is fact.
Most of their ownership (9.2% of that 11%) is from houses in the lower half of median home value, effectively ripping those inventories out of the market for first time home buyers and inflating the price of those tiers of homes for first time home buyers.
Maybe you’re confused about what “Metro Atlanta” means. It’s not just the City of Atlanta. Metro Atlanta is spread across 5 counties, from the heart of downtown to some real yeehaw rural areas of the outer counties.
That’s a bad-faith comparison and shows you are unserious about the very real issue some localities face with investment firms holding “cheap” single family homes as indefinite rental income, or just butthurt my data disproved your application of a BROAD GENERALIZATION to a specific region. Likely the latter.
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Idk, something like 12% of all metro Atlanta area homes are leased out by about 3 rental property companies. That’s a huge amount.
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Comparing across the nation doesn’t really matter in things like real estate where prices, inflow vs outflow of people etc vary wildly, particularly when talking about the actual impact on the average person within the locality.
“Cherry picked by source to increase clicks” what sort of landlord boot licking is this lmao. Amherst Holdings (owns almost 40,000 homes nationally), Pretium Partners (owns around 80,000 homes nationally), and Invitation Homes (also around 80,000 nationally) own through subsidiaries 11% of all single family homes across metro Atlanta for rental purposes.
This isn’t opinion or spin, it is fact.
Most of their ownership (9.2% of that 11%) is from houses in the lower half of median home value, effectively ripping those inventories out of the market for first time home buyers and inflating the price of those tiers of homes for first time home buyers.
Maybe you’re confused about what “Metro Atlanta” means. It’s not just the City of Atlanta. Metro Atlanta is spread across 5 counties, from the heart of downtown to some real yeehaw rural areas of the outer counties.
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0.2% nationally != 0.2% locally.
https://news.gsu.edu/2024/02/26/researchers-find-three-companies-own-more-than-19000-rental-houses-in-metro-atlanta/
Link to the research: https://www.tandfonline.com/doi/abs/10.1080/24694452.2023.2278690
Read it for yourself.
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That’s a bad-faith comparison and shows you are unserious about the very real issue some localities face with investment firms holding “cheap” single family homes as indefinite rental income, or just butthurt my data disproved your application of a BROAD GENERALIZATION to a specific region. Likely the latter.
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