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Metro Atlanta home values have risen across the board from 2012 to 2022. But the AJC’s analysis found they climbed more sharply in places where investors bought more houses. In the 30 ZIP codes with the most investor-owned properties, home values appreciated at nearly twice the annual rate as the 30 ZIP codes where investors own the least.
Experts say the effect on homeownership has been dramatic.
A landmark study from Georgia Tech found that the rise in investor activity caused a 1.4 percentage point drop in homeownership rates in metro Atlanta from 2007 to 2016. That translates to 16,500 fewer households owning homes than would be expected, were it not for the influx of Wall Street cash.
African Americans like Lowman have been hit the hardest. Investor purchases explain a 4.2 percentage point drop in Black homeownership during that period, the research found.
Large investor purchases have accelerated since then. During one 12-month stretch beginning in July 2021, investors bought one out of every three homes for sale in metro Atlanta.https://www.ajc.com/american-dream/i...ouses-atlanta/Research suggests that the largest owners behave like monopolies that set the price of rent, rather than responding to the market. In otherwise similar neighborhoods, large landlords raise rents faster where they own a larger share of houses, a 2022 study by University of Texas at Dallas researchers found.
“That’s not supposed to happen,” said Raymond, the Georgia Tech professor. “And given how concentrated they are in Atlanta specifically, that’s scary.”
Prices rise like a rocket and fall like a feather.
For-profit health care is a ING RACKET by the Capitalist oligarchy
Health care cronyism is fueling
hospital consolidation and rising medical costs
Ninety percent of metropolitan statistical areas are considered highly concentrated by an rust standards.
With this kind of monopoly power, hospital systems gain bargaining leverage over payors.
They can raise prices without increases in quality.
The increased cost to private insurers is passed on to patients via higher premiums.
Half of U.S. health care expenditures go toward hospitals and clinics, and those numbers are rising.
https://thehill.com/opinion/healthca...medical-costs/
The Capitalist health care racket is unstoppable, because the political/judicial class is corrupted, compromised by $Bs from the Capitalists.
There is no solution, no countervailing power to resist Capitalist domination, driving USA into inevitable one-party fascism.
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