Uplifting News

19357 readers

732 users here now

Welcome to /c/UpliftingNews (rules), a dedicated space where optimism and positivity converge to bring you the most heartening and inspiring stories from around the world. We strive to curate and share content that lights up your day, invigorates your spirit, and inspires you to spread positivity in your own way. This is a sanctuary for those seeking a break from the incessant negativity and rage (e.g. schadenfreude) often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news—in text form or otherwise—that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good, from a quality outlet that does not publish bad copies of copies of copies.

Here in /c/UpliftingNews, we uphold the values of respect, empathy, and inclusivity, fostering a supportive and vibrant community. We encourage you to share your positive news, comment, engage in uplifting conversations, and find solace in the goodness that exists around us. We are more than a news-sharing platform; we are a community built on the power of positivity and the collective desire for a more hopeful world. Remember, your small acts of kindness can be someone else's big ray of hope. Be part of the positivity revolution; share, uplift, inspire!

founded 3 years ago

MODERATORS

wolfeh@lemmy.world

Flummoxed@lemmy.today

sga@lemmings.world

sga013@lemmy.world

plantmoretrees@lemm.ee

Aatube@kbin.melroy.org

Aatube@lemmy.world

NickwithaC@lemmy.world

sga@piefed.social

1056

Sen. Warnock's ban on private equity firms buying single-family homes becomes federal law (www.cbsnews.com)

submitted 3 days ago by VetOfTheSeas@discuss.online to c/upliftingnews@lemmy.world

107 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] tmyakal@infosec.pub 1 points 1 day ago

Private Equity's housing stock is actually pretty small when compared against so-called "Mom and Pop" landlords. This law creates exceptions for Mom-and-Pops that own ten properties or less.

PE accounts for an average of 2.4% of home ownership in the US. Mom-and-Pops take up another 6.5%, nearly 3x as much. This law will have an outsized impact on sunbelt cities where PE owns double-digits portions of the market, but most of the country won't perceive these changes at all.