'Buy to rent' affects Black homebuyers more

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When American house prices collapsed in the wake of the 2008 recession, big investors started scooping up affordable single-family homes across the country, converting them to rental properties. It’s still happening today. But do corporate investors who “buy to rent” elbow other prospective homebuyers out of the market?




Brian Y. An, a public policy professor at the Georgia Institute of Technology, looked at nearly a decade’s worth of property transactions in the Atlanta area to find out. What he discovered was disturbing: The trend really does suppress homeownership, and Black families pay a particularly high price.

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Tracy Walsh

Economy + Business Editor

Corporate investors own nearly one-third of all single-family rental properties in Atlanta. Kruck20/iStock via Getty Images

I studied 1 million home sales in metro Atlanta and found that Black families are being squeezed out of homeownership by corporate investors

Brian Y. An, Georgia Institute of Technology

Black would-be homeowners pay the price when big investors buy up the neighborhood.

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