San Francisco tech startups buying houses in Atlanta
San Francisco tech startups buying houses in Atlanta
Divvy Homes, a San Francisco tech startup, is buying up houses across the South. Especially in cities like Atlanta.
Divvy Homes bought this house in Clayton County, GA for close to $100,000 and doubled the rent. But now they’re doing layoffs.
Does this mean that the tech investors will do a big selloff in Atlanta and other markets? Track the…
source
Reviews
0 %
![Final Exam Quizzes [Grade 9 Unit 7]](https://i.ytimg.com/vi/M-FpXI6x-bc/maxresdefault.jpg "Final Exam Quizzes [Grade 9 Unit 7]")
(Nelson) From The Simpsons! HEAHAH!😅😂👉 Keep paying that empty expensive house! FOOL me once, shame on me, Fool me twice? Shame on you! Lower your prices! Maybe someone will think of renting! Rent/buy? I'm preparing/doomsday for the worst!
KARMA🤣🤣🤣
Laying off staff so they can keep paying underwater mortgages 😂
AI aaa hmmm vari bad adn veri scami .fail fail fail !!
I’m voting for any president that’s creates policy prohibiting corporations from buying single family homes
Should be illegal for corporations to own single family homes.
Nick, you are so utterly full of crap.
No, rent wasn’t “$950.”
No, it didn’t go to “almost $1600.”
And no, $1520 is not “DOUBLE THE RENT!!” of $990.
Get a job.
That’s the typical price for houses in America.
Quit being dramatic
Vote Trump and this will drop.
How is tech start up relating to housing? Very deceiving… call it for what it is, it is more like a group of disguised wannabe realtors buying up houses, holding them, and price gouging, hoping somebody will fall for it.
The bubble is getting ready to pop. It's not just the housing bubble it is. The whole economic system is a bubble😮
Lol clayton county? With the corrupt local government😅 hahahah
I have some land and a modest older home in central NC. I am CONSTANTLY barraged by speculators for it. At least 8-9 inquiries a week. Crazy.
Buying houses is easy it's the upkeep that's expensive. This is how slums start.
Greed works, until it turns on them
Hope those bill/millionaires ALL go under & lose every penny they've invested in those homes,bthey so deserve it!! 😂 Look into that Divvey company to see who really owns that name, probably Chyna 😡
All taxpayers will prop up all capitalists. Just like always.
These kinds of corporates will go bankrupt soon
San Francisco tech workers moved over to Oakland running the housing market up. Fortunately when crime got so bad, they were able to move, long term residents were not. No one can purchase the homes to re build the neighborhoods at such high cost
My brother lives in that neighborhood those houses are selling for about $240,000.00, but a lot of them have been on the market for months.
bought at $133k and rent it out $1,600 a month? I'd be happy to rent it out for $800
I said this a while ago. In 2008 the problem was that they gave predatory loans to people that couldn’t pay them then based lots of other investments on the success of those loans. When the loans failed it threatened the investments failing (pensions and other important funds) so the government bailed the banks off and basically paid off everyone’s loans.
Now the banks are the ones buying the houses, what happens when the rent is too high and no one can afford to live there? Nothing. There is no mortgage because the bank owns it, there’s nothing to collapse if people don’t live there. Just homelessness until you can scrounge up enough money to pay. It’s still an unsustainable model but the banks will be fine when it fails so 🤷🏼♂️
I approve of squatters in corporate owned homes
Hope those greedy corporations go out of business that are speculating and driving the price of real estate artificially.
Thats what neoliberal capitalism is all about.
Big difference between the value of a home and the price..I'm not buying or renting anything until the sweep is finished.
KAMALA IS about to change this bullshyt
I love how it's a new trend that's been going on for almost 4 years. Where you been homey, these evil fucking bankers been here for decades dude, you thought they weren't gonna be evil during covid?
They’re idiots
Yeah because corporations are the ones behind the scenes controlling everything including our government. The way the greed is consuming this land is devastating. Part of the evil behind this grand plan is to snap up real estate properties leaving very little supply for the majority of citizens causing demand to be high keeping the majority poor and paying their mortgages. They want to set it up so we are at their mercy.
JD Vance does this , . Hes a venture capitalist
Wouldn't double be $1980
Not including those who profit from corporate single family home ownership, what American would approve of this? We need a vote on this issue and we need to hold all of our representatives accountable.
This is bad. Very very bad.
I think i'll just live in the office, at my parents, or in a van. Cause i'm not contributing to this stupidly expensive housing market.
How do we check the fire-sales homes?
California greed ..
Homes should not be investments for greedy corporations
Corporations and private equities are looting the middle class, looting the country of its soul, and selling to the highest bidder…
Can't increase prices in sh*thole neighborhoods 🤣😂