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Legislation targets investors who own thousands of Georgia homes
Max Burns
Sen. Max Burns, R-Sylvania
ATLANTA – Out-of-state investors own tens of thousands of houses in Georgia, and lawmakers tried to limit the number due to concerns about decaying properties and diminished options for would be homeowners. A bill that sought to cap each big owner at 2,000 properties didn’t get far after constitutional concerns were raised. But a measure that requires these companies to hire Georgia brokers did pass, and some lawmakers are waiting to see whether it will become law.
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