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Your Future Home: Sold to Wall St
Have you ever wondered why finding a place to live feels like mission impossible?
The answer might surprise you - and it's not just about supply and demand.
Wall Street firms have been on a shopping spree, gobbling up residential properties across America.
In 2022, they snapped up 25 percent of single-family houses!
This isn't just about statistics. It's about families struggling to find affordable places to live.
For example, three companies in Atlanta own nearly 11 percent of rental properties in a five-county area.
Politicians from both sides are stepping up:
Democrats want to force large property owners to sell to families.
Republicans in Ohio are considering heavy taxation to discourage institutional ownership.
Similar ideas are gaining traction from Nebraska to California.
The single-family rental industry argues they're providing valuable options in desirable areas.
But with housing costs and rents sky-high across the U.S., many aren't convinced.
While no bills have reached a floor vote yet, the conversation is far from over.
Clearly, the question of who owns America's residential properties - and how that impacts communities - will remain a hot topic.
Want to dive deeper into why Wall Street is buying so many U.S. homes? Read the full blog post here.
Stay tuned as this story unfolds.
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