The City of Dallas may be in talks to implement some restrictions on real estate investors in the DFW area after many residents have complained of an alleged 'exploitation' of home sales.
DALLAS — The City of Dallas may be in talks to implement some restrictions on real estate investors in the DFW area after many residents have complained of an alleged "exploitation" of home sales.
That’s why the City of Dallas is considering putting a cap on how many properties real estate investors can buy, according to reports from multiple news outlets., many users relayed similar sentiments concerning egregious home prices, and middle-class workers seem to be the main ones affected by the perceived greed. Some even recount investors purchasing homes in Arlington and turning them into Airbnb rentals.
Dallas Director of Housing David Noguera cited a Canadian policy that aided in resolving similar real estate problems. “Canada restricts how many foreign investors can come into your market and buy up your real estate,” he said.
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