Carlisle Borough in Pennsylvania is witnessing a rapid transformation in its housing landscape as companies and investor groups increasingly buy up single-family homes to convert them into rental properties. This trend not only inflates property prices but also diminishes the availability of homes for local families looking to buy. Affordable homeownership is a foundational aspect of a thriving community, and it's essential that Carlisle prioritizes its residents over corporate interests.

Statistics show that when companies dominate the real estate market, the average cost of homes rises significantly, making it difficult for average-income individuals and families to afford a home. The National Association of Realtors reported in 2022 that corporate buyers accounted for one-fifth of the nation’s home purchases, a trend that's particularly prevalent in desirable towns like Carlisle. Moreover, the U.S Census Bureau data indicates a growing disparity between the number of owner-occupied houses and rental units, an issue exacerbated by institutional investments.

By implementing a cap on how many single-family homes a single entity can purchase in Carlisle, we can ensure that houses remain available and affordable for those who wish to build and invest in our community, rather than external investors looking to maximize profits at the expense of local residents.

This limitation will not only help stabilize the local housing market but also preserve the integrity and spirit of our neighborhoods. By taking decisive action now, Carlisle can uphold its values and foster a welcoming environment for its citizens. We urge the local government to consider this policy as it reassesses its housing regulations.

Sign this petition to support a balanced and fair approach to property purchases and to protect Carlisle's housing market from being overtaken by corporate interests. Together, we can make a difference and ensure our community remains a thriving place for future generations.