4 ms·
"Three corporate landlords control nearly 11 percent of the single-family homes available for rent in metro Atlanta’s core counties"
by caditinpiscinam 3y ago
"Three corporate landlords control nearly 11 percent of the single-family homes available for rent in metro Atlanta’s core counties"
- dukeyukey 3y agoWalmart owns 25% of the entire US grocery market. 11% of a certain class of homes split between 3 companies doesn't strike me as too bad. There's always the other 89% of single-family homes to rent if they get too pushy or expensive, or of course non single-family homes. Or areas just outside the core counties, like Athens or Columbus. I fucking _wish_ I could rent from corporate landlords. The few times I have they've been _miles_ better than the amateur landlords that own most of my city.
- bombcar 3y agoThe surprising thing is corporate landlords owning single-family homes. That is the aberration; most corporate landlords want to own multi-tenant buildings to eke out a bit more profit from the economies of scale. The fact that they do own 19,000 homes is indicative of appreciation being insane (and they're gambling on that, when it slows down they'll dump) OR they're stuck with them for whatever reason and trying to deal with it as best they can (banks in the 2000s crisis often did NOT rent the houses they foreclosed on, because it would cost them more than just leaving them empty).
- dukeyukey 3y agoWhich suggests the market is broken somewhere. At least here in the UK, the land a house is around half the price of the home. Which is insane, and suggests the market is broken by limited access to land. Which is _directly_ controlled by local governments. Ergo, liberalise planning.