1 in 3 single-family houses sold in the Georgia last year were bought by investors — not families. And many became rental properties. In an analysis by Stateline and CoreLogic data, the COVID era trend occurred as investors could offer cash in bidding wars for property. That led all too many landlords to oust those paying less rent or just hike rents on others. Cities and counties are looking to protect renters rights, so look for this to be a topic for the 2023 General Assembly. Georgia should be promoting housing and reining in short-term rentals in places where they are perceived as drying up normally residential areas. DRIFTING…
Record year for film industry
California Gov. Gavin Newsom may be taking shots at Georgia in an attempt to lure the film industry back west, but the Peach State’s film industry continues to break records. 2022 was another record year for the tv and film industry, with over $4.4 billion in direct spending, according to a new report from the Georgia Department of Economic Development. That money came from 412 total productions in FY22, as the film industry remains RISING…
