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>> prohibit institutional ownership of single family, duplex up to 6 unit buildings. A LOT of it is this one. During the peak of the home-buying frenzy, in Q1
by soupfordummies 3y ago
>> prohibit institutional ownership of single family, duplex up to 6 unit buildings.
A LOT of it is this one.
During the peak of the home-buying frenzy, in Q1 last year (2022), ONE THIRD of homes in Atlanta were purchased by investors.
https://www.bizjournals.com/atlanta/news/2022/06/29/atlanta-investors-home-purchase-explained.html https://www.bizjournals.com/atlanta/news/2022/06/29/atlanta-...
- bryanlarsen 3y agoOn average, 33% of Americans rent. So 33% of current homes are owned by investors and we'd expect to see 33% of new homes being purchased by investors.
- digitaltrees 3y agoInstitutional investors are not the same as individual investors. They can sit with large portfolios of vacant units in order to maintain elevated rent rates. Individual investors typically can’t.
- bryanlarsen 3y agoI find the opposite. Institutional investors hire people or companies to handle rentals. Individual investors (especially international ones) find it way too much and often just don't bother.