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.
Are private equity firms, as defined in the bill, actually buying homes? Or is the private entity type doing that, not classified as an equity firm?
Rich people have nothing to do with their stolen money but buy up assets. It’s a runaway disaster for everyone. The rich are pricing people out of being alive and we act like we can’t do anything about it. At some point, perhaps gen Alpha, will have to do something about it or simply die.