Georgia Senate's Housing Bill Fails, Rental Industry Blamed
Savannah News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Georgias state Senate proposed a bill to limit big investors to 500 single-family rental homes each, aiming to alleviate the housing crisis. However, the House committee rejected the bill, echoing last years failure. Surveys show residents blame investors and developers for high prices, but industry reps argue they house those who cant qualify for mortgages. Reports indicate investors own only 3% of Atlantas single-family homes, with tight lending and a housing shortage being the real issues. Austins success in reducing rents by building densely could serve as a model for Georgia. Lawmakers could consider incentives for denser builds in the next session to increase home supply and lower prices.
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