Local governments in the Atlanta area are legislating against corporate landlords as part of a growing call to regulate real estate investment that critics say drive up the cost of housing for everyday buyers and renters.
As Michael Sasso and Kriston Capps explain in Bloomberg CityLab, institutional investors hold just around 3 percent of residential properties nationwide. But their concentration in some markets, where these properties make up as much as 50 percent of homes, makes them a problem. “A 2023 study by Brian An of the Georgia Institute of Technology looked at the Atlanta area specifically, finding that heavy investor purchases led to the loss of $4.9 billion in home equity – more than two-thirds of it among Black households.”…