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Sancho

(9,073 posts)
Fri Feb 9, 2024, 08:24 PM Feb 2024

Corporations buying homes in my neighborhood in Florida.

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https://www.tampabay.com/news/real-estate/2024/02/01/corporate-landlord-investor-homes-rent-housing/

The calls, texts and letters started about two years ago. St. Petersburg resident Tamika Morris has a pile of junk mailers just inside her front door and dozens of numbers blocked on her phone.

The messages are always the same. Companies, with names like “HomeInc” and “HomeVestors,” offer to pay cash “as is” for her Greater Pinellas Point home. No real estate agents need be involved.

Morris said the callers never say whom they represent but often ask her to name her price. Even her son, whose name is not on the deed, gets calls from entities trying to buy her house.

Housing in Tampa Bay is becoming increasingly corporate-owned, a Tampa Bay Times analysis has found. Large companies have amassed around 27,000 homes across three counties. More than 70% of these properties are linked to institutional investors backed by Wall Street and private equity.


The HOA is looking at ways to deal with it...but the trend is scary. Is this everywhere or just Florida?
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Corporations buying homes in my neighborhood in Florida. (Original Post) Sancho Feb 2024 OP
It's everywhere. TwilightZone Feb 2024 #1
Exactly the same in Atlanta CurtEastPoint Feb 2024 #2
The talk in California is all about creating more housing ... Auggie Feb 2024 #3

Auggie

(31,403 posts)
3. The talk in California is all about creating more housing ...
Fri Feb 9, 2024, 08:41 PM
Feb 2024

but no one ever mentions limiting private equity investment or purchases made from foreign investors.

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