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How corporate investors are taking over Tampa Bay’s neighborhoods (www.tampabay.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] Bonskreeskreeskree 5 points 7 months ago (1 children)

This isn't just Tampa or Florida. This is happening across the entire country. 3 out of every 4 homes sold last year in Atlanta were bought by institutional investors. Wallstreet is buying every house they can get their fingers on. Capital is not the issue. Getting then rehabbed is the only thing slowing them down. They need to be legislated out of existence, but what will actually happen instead is Americans will all be forced into renting because none of us are going to stand up against this.

[–] Cosmonaut_Collin 1 points 7 months ago

Unfortunately, I'm sure the investors are going to lobby for their freedom to keep their houses instead of being forced to sell them.