[deleted] t1_j4qt3cz wrote
Reply to comment by Hour-Watch8988 in New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. by smurfyjenkins
The company Invitation Homes (owned by Blackstone) already owns 90% of the homes in some areas of Atlanta & a total of 12,555 homes in Atlanta in general. they have many other real estate purchases across the country as well
investors accounted for 24% of all homes purchased in 2021 as well
corporations & investment firms are buying up real estate & it won't be long until there are monopolies all over the country
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