Tell Congress: Stop Wall Street from buying up all of our homes

                                                                                                                                                             

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It’s Faiz from More Perfect Union. Owning a home used to be a part of the American dream. But ever since the 2008 foreclosure crisis, Wall Street investment firms have been buying up millions of homes across the country -- even buying up entire neighborhoods This has hit the Sun Belt particularly hard with Wall Street landlords now owning a quarter of all single family homes in Atlanta. Charlotte, North Carolina; Tampa, Florida; Atlanta, Georgia; Phoenix, Arizona; Las Vegas, Nevada. Every one of these cities is seeing their housing market manipulated by Wall Street. Real estate brokers are calling this crisis “catastrophic.” Renters tell similar stories about Wall Street landlords that jack up rental fees, refuse to make repairs, and evict tenants, not as a last resort, but as part of their business model. More Perfect Union traveled across the country to some of the hardest hit cities to learn more. Increasingly, Democrats and Republicans alike are raising the alarm. Even Donald Trump has raised the issue recently. But nothing will change until Congress passes legislation and forces President Trump to take action to stop Wall Street’s housing grab. Click here to watch our report, then send a message to your senators and representative urging Congress to act now and stop Wall Street investors from buying up our homes and pricing average families out of the housing market. WATCH, SIGN & SEND The largest Wall Street companies buying up single family homes include Invitation Homes, Progress Residential, FirstKey Homes, American Homes for Rent, and Tricon American Homes. They’re not competing with one another. Each has their own niche and geographic preference. For example, Invitation Homes tends to focus more on wealthier and whiter neighborhoods, whereas Progress Residential tends to buy up homes in predominantly Black neighborhoods. Invitation Homes is now the largest single-family landlord in the U.S., managing more than around 80,000 homes. In Atlanta alone, the shift from owning to renting has resulted in over a billion dollars of lost equity for renters over the last 10 years. Take action now. Demand Congress protect our communities from predatory Wall Street landlords. Together, we’re demanding an economy that works for everyday people, not just Wall Street millionaires. In solidarity, -Faiz Faiz Shakir, Co-Founder More Perfect Union SUPPORT OUR WORK

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