“Another Outer Banks vacation home that’ll give you unparalleled views!”
The city council has voted to explore ways to ban such companies from purchasing single-family homes.
Pretium Partners has been accused of evicting tenants in majority-Black Georgia counties at seven times the rate it did tenants in majority-white Florida ones.
The decision is an admission that its plan to take the iBuyer world by storm failed.
The model ultimately comes at a cost to the consumer, one said.
The company says an internet theory about its house-flipping scheme is “misinformation.”
Californians say the billion-dollar company is hawking illegal timeshares. "If this business model succeeds," one Sonoma resident said, "our town starts to become more and more like an adult Disneyland."
"iBuyers" are gearing up to grow massively in the coming years, with unforeseen consequences for the U.S. housing market.
This suburban Dallas home is just a front for a bizarre industrial site previously owned by AT&T.