As CBS News Atlanta previously reported, more than one in four single-family rental homes in metro Atlanta are owned by large corporate investors — more than 72,000 homes — giving the region one of the highest concentrations of institutional ownership anywhere in the United States.
Housing advocates have argued that those companies can outbid families with cash offers, reducing the number of homes available to first-time buyers while contributing to higher home prices and rents.
Warnock has repeatedly cited those trends in pushing the legislation, saying corporate investors have increasingly treated homes as financial assets instead of places for families to live.
I’ve become so jaded that I’m sitting here thinking, “if this was actually going to work the private equity firms would’ve never let it pass.
They realize the market is at peak so they’re going to get out anyway.
Or, better theory, they’ve grandfathered in existing arrangements so it’s just keeping out additional PE firms.
My first thought was “what is a private equity firm” really and does the law have provisions for firms that are owned by private equity.
If some numbered corporation in Delaware owns a house and private equity owns a controlling stake in that firm can it still own housing.
What I’m asking is what is the blood quantum of a cooperation.