CHARLOTTE, N.C. (QUEEN CITY NEWS) — Spring Knoll Drive is like something out of Americana. Every house is two stories, every home comes with a flag.

But if you want to buy a home here, you are already too late. However, if you are willing to spend around $2,100 a month to live there, you can.  Numerous homes, practically every home along the road, are up for rent.

The neighborhood is one example of something being seen all over Charlotte — homes, bought by large corporations for purposes of renting.

“The normal ‘mom and pop’ buying their first home, it’s a huge hindrance when you have companies with cash and going way over the asking price,” said realtor Matt Stone.

Stone said that, while business is good, corporate buy-ups of houses have made it tougher for anyone to find a home.  It has also led to rates rising, he said.

“It’s hard to quantify, but it is significant,” he said. “It’s 10% or more of the total jump that would be attributed to them.”

Charlotte ranks near the top in the United States for this kind of corporate buy-up of homes, where outside investors come in and offer cash for homes at high prices.  In turn, those properties are rented out.  It’s a problem that has put Charlotte in the national spotlight and has been reflected nationwide.

Mecklenburg County commissioners are looking at what can be done about the issue. At a budget policy meeting on Tuesday, commissioners received input and a presentation on the issue, which highlighted possible solutions. Among them, engaging homeowners’ associations or enacting some sort of code enforcement.

Stone said a significant option could involve homeowners’ associations creating their own rules on renting.