Uplifting News

19386 readers

74 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

1079

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

submitted 1 week ago by VetOfTheSeas@discuss.online to c/upliftingnews@lemmy.world

109 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

[–] minorkeys@sh.itjust.works 4 points 1 week ago (1 children)

Are private equity firms, as defined in the bill, actually buying homes? Or is the private entity type doing that, not classified as an equity firm?

Rich people have nothing to do with their stolen money but buy up assets. It's a runaway disaster for everyone. The rich are pricing people out of being alive and we act like we can't do anything about it. At some point, perhaps gen Alpha, will have to do something about it or simply die.

[–] SaveTheTuaHawk@lemmy.ca 1 points 6 days ago (1 children)

In Canada, these houses are all being bought by Mom and pop Boomer investors, leveraging equity of houses they paid 12 acorns for.

[–] minorkeys@sh.itjust.works 1 points 5 days ago

So the same thing but at the smallest investor scale.