As CBS News Atlanta previously reported, more than one in four single-family rental homes in metro Atlanta are owned by large corporate investors — more than 72,000 homes — giving the region one of the highest concentrations of institutional ownership anywhere in the United States.
Housing advocates have argued that those companies can outbid families with cash offers, reducing the number of homes available to first-time buyers while contributing to higher home prices and rents.
Warnock has repeatedly cited those trends in pushing the legislation, saying corporate investors have increasingly treated homes as financial assets instead of places for families to live.
I wonder how this is going to affect https://arrived.com/ – I have some minor investments there I’d prefer not to lose.
Still, this is quite good news, for exactly the reasons Warnock says, even if I lose every red cent in my arrived account.
Ewwwww. I sincerely hope every penny you gave them vanishes. You don’t deserve it back for investing in something so slimy.
Eh, one of the founders is a friend of a friend, I don’t think it’s “slimy”. Though I have complained about some aspects both publicly and privately to him.
It was easier to get into than to actually buy my own property, but there’s been a lot of changes to it since I bought my first shares of a local (to me) property.
hopefully it negatively affects that investment quite heavily
Good! Those fucking passive income vultures.
how bout ban them in general, since they are ruining alot of companies.
Now pair with legislation that says all existing corporate owned properties are taxed at 100% of any revenue derived from ownership of those properties
I’d start with taxing 100% property taxes of empty properties as a logical next step.
I get where you’re coming from and an for the sentiment, but that will need at least some sort of caveat or having to sell the house of a lost family member will be become very dangerous.
Or buying a foreclosure and making it livable.
Cool. Both.
Why are we still linking to CBS news? Can’t trust that shit.
Alternative to CBS.
I’m out of the loop, what’s wrong with CBS news?
Hoo boi, I’ve got some bad news.
Basically after a bunch of sales and crap, CBS is now also owned by the Ellisons, and also walking fascist self-contradiction Barri Weiss is heading CBS News.
Trump stooges, billionaires, accelerationist, anti-everyone, zionist types. . . And they’re buying up every major media outlet without being stopped. It’s pretty disgusting.
https://www.npr.org/2025/09/12/nx-s1-5537152/cbs-news-ellison-steps-appease-trump
Thanks, I had not heard about it.
CBS is officially a mouthpiece of the Conservative Propaganda Machine, along with Fox News. Their news is now directly promoting the MAGA agenda. Scott Pelley, a highly regarded investigative journalist quit after being pressured to included unsourced and unverified claims in his reports, which means those reporters who remain, are succumbing to those pressures to report MAGA lies
Further, MAGA propaganda is seeping into their programming. Law enforcement is always righteous, even when they break the rules to protect America. The enemies are always standard MAGA boogeymen like domestic terrorists from Portland, or Iranian terrorist sleeper cells, even though none of that has ever actually existed in America. And that’s just the stuff that is happening with existing shows, future shows will be much more direct.
CBS was bought by the Ellisons, who also own Oracle. Larry Ellison is the second richest man in the world, and a Sociopathic Oligarch with a vicious MAGA streak, and his son is chip off the old psychopathic block. He has a lifelong reputation as a proud and enthusiastic asshole, and LOVES to do damage and hurt people for profit. His son is just as arrogant, and as we’ve seen, the Nepo-Babies are often worse than their parents.
Now these people have bought CNN as well, one of the Right’s biggest targets, and they will start dismantling it, too. Now they want to buy Warner Bros, so they can start manipulating our heritage, and continue to manipulate public opinion through entertainment.
The silver lining is that MAGA is virtuosically incompetent, and they’ll eventually screw this up. If their arrogance doesn’t do them in, then their complete misunderstanding of what people find entertaining will. Conservative entertainment is ALWAYS heavy-handed, humorless, and boring. They will ultimately be brought down by their own bad personalities.
There are good reasons that MAGA is so despised, and they aren’t going to translate into entertainment programming.
Under the Constitution, legislation passed by Congress can become law if the president neither signs nor vetoes it within the required 10-day window while Congress remains in session.
I wonder if Trump simply misunderstood the execution of a Pocket Veto when he refused to explicitly sign or veto the law.
Also, a little nervous at the prospect of the SCOTUS deciding to rewrite the rules on the pocket veto. Or whether they’ll just find some other bullshit reason to overturn this law.
Good on Warnock for getting this language through a minefield of a legislature. If there’s a bright spot on the horizon for 2027, its guys like this in high office. But I’m not pinning my hopes given how absurd the deck has been stacked against the working class of late.
Quick! Someone dangle something shiny in front of him before the window closes!
Maybe hold an award ceremony from “FIFÔ. They are award him the FIFÅ Award for Outstanding Achievement in the Field of Excellence. That might distract him long enough…
It was passed with a super majority in both houses of Congress. Even if Trump decided to veto it, it could get voted by that same super majority to override that detail, and get past, anyway, regardless of the veto. So, under those same auspices, if the president simply refuses to sign it and refuses to Vito, it automatically becomes law.
this Bill was passed by a Supermajority (2/3+ majority) in Congress, which means that it doesn’t require the President’s approval to become law
The President can manually veto it. But with that much support, the legislature would presumably override.
A pocket veto would let the president deny the bill from becoming law by refusing to give the legislature an opportunity to override it. But with Congress in session, that shouldn’t work.
So fuck Trump and his Election Cheating Act
I mean, it looks like he’s finding other ways to cheat. This election will likely go down as one of the gnarliest since Kennedy beat Nixon.
The President can manually veto it. But with that much support, the legislature would presumably override.
yeah, I literally just explained that
A pocket veto would let the president deny the bill from becoming law by refusing to give the legislature an opportunity to override it. But with Congress in session, that shouldn’t work.
I just explained that, too
I mean, it looks like he’s finding other ways to cheat. This election will likely go down as one of the gnarliest since Kennedy beat Nixon.
no argument there, but he’s been been pulling this crap for a decade now. lest your forget Jan 6, 2021. at this point, anyone who doesn’t get this (in the USA) is actively participating as part of the opposition.
he’s been been pulling this crap for a decade now
He’s been trying. I don’t think he’s ever been in such a strong position to outright steal elections. Even Bush Jr didn’t have it this good.
He’s been trying and failing for over a decade now, and he has an entire circus tent full of incompetent ass clowns. Even Bush Junior at least had competent people by his side. Even Bush Junior was capable of winning two consecutive terms. Bush W never tried to overthrow the government.
What on earth makes you think that Trump could ever do better than W? shit, even George W. Bush at least served in the Texas National Guard. (how dare you make me defend that turd). W had it way better because he never earned the amount of disapproval and hate that Trump has earned. No president has ever been hated as much as Trump.
You’ve been drinking too much Kool-Aid, or you are just so young, that you don’t remember being alive when George W. Bush was still president you didn’t live through all of that. But don’t speak as if you’re knowledgeable about the facts, because you’re very obviously are not.
Trump never got anything that someone didn’t give him. Even most of the GOP has turned against him at this point. You haven’t been paying attention.
Stop spreading the lies of the fascists, stop being their tool
Even Bush Junior was capable of winning two consecutive terms.
It’s certainly been something of a joke that Trump needed Obama/Biden in office to steal elections.
But go out to Florida or Mississippi or Arizona or Ohio and you’ll find enough election irregularities to swing a race. Texas very famously shut down over 100 polling locations just last year. Mail in voting has been radically parred since the 2020 sweep. In fact, 2021 set the record for most restrictions on voting passed in a single year.
So the GOP underbelly seems to be on the case, even when the Trump administration fumbles.
You’ve been drinking too much Kool-Aid, or you are just so young, that you don’t remember being alive when George W. Bush was still president
I mean, I voted in 2000, and got to watch the Brooks Brothers Riot in real time.
But that pales beside J6, even if a young Kavanaugh succeeded where an elderly Roger Stone failed.
Stop spreading the lies of the fascists
Liberals simply will not accept that their system of elections is compromised to a permanent end, even as the SCOTUS power washes minority voting districts off the map.
Finally! I’ve watched these fucking companies buy up every house in my neighborhood that came up for sale. IMO when this trend started was when the people’s dream of ever owning a home got destroyed. Warnock for President?
We’ve had low interest rates propping up the stock market and speculative bubbles for far too long. This is why there has been too much cheap capital chasing returns over the last decade.
It’s a bubble of its own which we are starting to see pop in a number of sectors. (Private Equity firms and banks starting to show signs of strain, zombie businesses going under, AI bubble running out of capital sources and now tapping retail investors, crypto crash, etc.)
However this president is intent on getting us to 0% interest rates which will reverse that progress. Once the asset class can tap into essentially free money all of this progress will be undone.
If PE can get free capital every 7 years and sit on an appreciating asset while making renters pay for it, they will. If PE has to refinance that asset every 7 years at 7% or 8% interest suddenly the math doesn’t work especially in a slumping housing market.
So for every 350 homes they make a new LLC or shell company.
You didn’t expect this to actually fix the problem did you? Sorry, too much money to be made.
I mean any progress is a step in the right direction. It just seems that these days are Democrats are very performative. Most of their religious Lyon has no teeth and is just for show. Enforcement of any policies is basically none.
*always performative. There’s a reason schumers name is on Epstein’s blackmail list.
Sounds about right, most policies are passed on their performative aspects. When you really sit down and read the law you often find the performative reason that was cited isn’t even true.
Unfortunately both sides do something similar, It seems that modern legislative practices lead to incredibly broad and poorly written policy that can be interpreted and almost any direction. I think it’s like that by design. But it’s so watered down and meaningless that it’s just a feel good title with a bunch of bullshit stuffed into it.
Yes, I do believe this is done on purpose. This combined with shitty concepts like omnibus bills with riders ensures policy gets passed that should have never seen the light of the day.
I honestly can’t believe how much bullshit they stuff into the budget every year. I guess it’s just been accepted that every must pass tight Bill has to be stuffed chock full of the worst most vile stupid legislation ever. No politician wants to risk their career election campaign trying to pass some dystopian corporate bootlicker policies. So they just shove it every budget bill hoping that no one will read the thousands of pages to catch their loopholes.
I’ve become so jaded that I’m sitting here thinking, “if this was actually going to work the private equity firms would’ve never let it pass.
They realize the market is at peak so they’re going to get out anyway.
Or, better theory, they’ve grandfathered in existing arrangements so it’s just keeping out additionally PE firms.
My first thought was “what is a private equity firm” really and does the law have provisions for firms that are owned by private equity.
If some numbered corporation in Delaware owns a house and private equity owns a controlling stake in that firm can it still own housing.
What I’m asking is what is the blood quantum of a cooperation.
This won’t do anything people who read actual news know the private equity is a convenient boogeyman hiding the refusal of state government to do their job an remove local control and mandate zoning reform and more housing of all types and sizes. Also it’s 2026 and people are still posting tv news outlets to the internet.
It’s a great way to get younger people to stop caring when they can’t actually afford to own anything. This is a step in the correct direction, corporate gatekeeping needs to end, we need to give people opportunities to own. If someone rents, borrows, and leases their entire life, why would they care if it all goes to shit?
And let’s not forget: the younger people of today are the older people of tomorrow. Except for those who are handed things due to generational wealth, we’re looking at an extremely large contingent of the country (world?) which will own nothing. Perhaps the largest ever such contingent. Does not seem like a sustainable situation over any extended term.
Can we apply that to farms too? If you aren’t actually farming, whether you have a corporation or not, you can’t buy farmland. Sorry, JD.
It’s a long bill, but the details for this ban can be found in Title X almost at the bottom:
https://www.congress.gov/bill/119th-congress/house-bill/6644/text#d10163e18706-intro-1
Great, now do apartments.
Does this not apply to at least some apartments? And a lot more now that it just became federal law?
The headline says it applies to single family homes.
Homes, not houses. An apartment can be a home.
I was more focused on the “single-family” part. But I have no idea what it really covers. I don’t think apartments are considered single-family homes since there are usually more than one unit.
No, I get that. People hear “single-family” and think that would only apply to a house, when single families often live in single, unit apartments. Just be glad you’ve never been so poor that you had to know about this. But tens of millions of families have never known anything other than this.
This bill is huge and convoluted, and covers rather a lot and a lot of different places
The only way we’re ever getting out of this mess is for increased density in urban areas and for people to grow out of this desire for a single family home with a yard and a driveway.
