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Real Estate Investors Purchased $1 Billion Worth Of Atlanta Homes In 2024, Driving Up Prices (atlantatribune.com)

submitted 4 months ago by ATLTribuneNewsBot@yall.theatl.social to c/atlantanews@yall.theatl.social

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From the Atlanta Tribune:

Real estate investors are playing a role in driving up home prices in Atlanta. In 2024 alone, investors have bought over $1 billion worth of homes. The metro Atlanta area joined markets in California, Miami, and Phoenix where over $1 billion worth of homes were purchased by investors from January to March, according to a […]

The post Real Estate Investors Purchased $1 Billion Worth Of Atlanta Homes In 2024, Driving Up Prices appeared first on Atlanta Tribune.

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[–] Pistcow@lemm.ee 3 points 4 months ago (2 children)

Here's a thought, no Corp or LLC worth above $5 million revenue can purchase residential housing.

[–] jmht@theatl.social 2 points 4 months ago

@Pistcow @ATLTribuneNewsBot Or another company

[–] Mystech@lemmy.world 1 points 4 months ago

They'll just make up hundreds of smaller shell companies to hide their activities... oh wait, they're doing that already.

This sort of measure needs to tied to a body with the resources to monitor/investigate and the power to seize properties from violators, for it to have any real ability to deter and change things.