HOAs Work to Stop Investors From Buying Houses to Rent
- Metro East REIA
- Apr 26, 2022
- 1 min read
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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