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HOAs Work to Stop Investors From Buying Houses to Rent

The Wall Street Journal has an interesting piece (reposted on Realtor.com) about how small groups of neighborhood volunteers (HOA’s, etc.) are blocking companies from buying single-family homes. They say this is rewriting the proverbial homeownership rulebook in an effort to stop investor purchases of homes in suburban neighborhoods. Some of their tactics include include a cap on the number of rental homes in a particular neighborhood or requiring that all rental tenants be approved by the HOA board. Continue reading HERE...

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