Your cart is currently empty!
How Corporations and Demographics Are Reshaping Small-Town America — And Why Dupont Must Push Back

Written by
in
When I decided to run as a write-in candidate for Mayor of Dupont, I knew people might look at me sideways and think, “What’s this guy talking about?” But the truth is simple: Dupont should belong to the people who live here — not absentee landlords, not out-of-state investors, and not corporate LLCs treating our homes as nothing more than income streams.
This isn’t just theory. It’s something I’ve seen every day on my own street.
What’s Happening on McLean Street
McLean Street is only about four blocks long, with around 50 homes. Out of those:
- 6 homes are owned by LLCs → that’s 12% of the street.
- 3 are multi-unit apartment buildings whose owners hold multiple properties elsewhere → when added in, that’s 9 investor-controlled properties, or 18% of the street.
Think about that: nearly one in five homes on a single street in Dupont is controlled by absentee landlords or corporate entities. And this is happening in real time — homes are bought up in cash, permits appear in weeks, renovations are finished quickly, and suddenly the house is back on the market, not for sale but for rent — usually at double or triple what a mortgage would have cost a family.
This isn’t just reshaping McLean Street. It’s reshaping Dupont.
The Great Transition: The Boomer Effect
On top of investor activity, there’s another force at play: the aging of the baby boomer generation.
- Boomers own 38–41% of U.S. homes — about 32 million properties nationwide.
- Over the next decade, projections suggest 8–9 million homes will change hands as older Americans downsize, relocate, or pass away.
- But most aren’t selling: 78% of boomers say they’ll stay in their homes as they age, and more than half say they’ll never sell at all.
- When boomers do buy, they dominate the market: in 2025, they made up 42% of all homebuyers, and older boomers often pay entirely in cash.
This creates a paradox. On one hand, we expect a wave of homes entering the market. On the other, we’re seeing boomers hold on tight — and when they do sell, cash-flush buyers and investors are waiting in line to scoop up properties before local families get a chance.
What Dupont Could Look Like in 5–10 Years
If nothing changes, here’s what our community faces:
- The 18% investor share on McLean Street could double, leaving nearly half the block in the hands of absentee landlords.
- Boomer homes that eventually come on the market will likely be bought in cash — not by young families, but by investors or older buyers from out of town.
- Rents will continue to climb, with $1,000-equivalent mortgages turning into $2,500–$3,500 monthly rentals.
- Families who want to stay in Dupont may find it harder and harder to compete, and our town risks becoming a community of tenants instead of homeowners.
That’s the long game of The Great Transition — not just here, but all across America. Small towns hollowed out, family roots weakened, and communities reshaped by forces far beyond their borders.
The Say No to Cash Campaign
That’s why we need more than just awareness — we need a movement.
Say No to Cash.
This isn’t about politics. It’s about neighbors talking to neighbors, educating sellers, and protecting our community’s future.
- Shine a light on how many local homes are being bought by LLCs and investors.
- Encourage sellers to prioritize families over quick corporate cash.
- Push for policies like homestead tax exemptions, higher taxes on non-owner-occupied properties, and right of first refusal laws that give local families a chance.
If small towns across America take this stand, we can slow the investor takeover and keep our communities in the hands of the people who actually live here.
Where We Go From Here
I know the odds of one small-town mayor stopping Wall Street are slim. But we’re not powerless.
If we stand together, if we say “no” to cash takeovers, and if we put families first, we can keep Dupont from becoming another spreadsheet on an investor’s balance sheet.
This is where I live, where I walk my dog Willow every day, and where I want other families to have the same chance to build a life.
If we don’t fight for it, who will?
Paid for by Dupont First.
Leave a Reply