Atlanta Culture

Why is Housing so Expensive?

Multinational corporations are buying hundreds of thousand single family homes. easily outcompete first time home buyers with cash offers, wave fees buyers typically pay, provide quick and hassle free closings. Large corporations outcompete small businesses and local landlords for good affordable rental properties.

Communities, in every state, welcome new neighbors. Communities now greet neighbors renting homes owned by corporate landlords .

Corporations are stealing opportunity and wealth from millions of American citizens. Federal, state, and local governments must stop this trend and reverse it before it does more damage.

At a local level tax commissions, cities, states, municipalities can enact laws and regulations to tax corporate landlords higher property tax rates. They must also proactively enact laws and regulations to penalize and even criminalize (in extreme cases) rental increases exceeding the annual rate of inflation. Measures to prevent these corporate landlords

Single family home affordability is being compromised by corporate ownership. They

State's and cities have a vested interest in keeping rental profits local. These profits

Residential property taxation should favor owner occupancy and local ownership

Owner occupied property taxes should increase with the rate of inflation from the original purchase price. Subject to increases