Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
  • girlfreddy
    111·
    9 months ago

    Problem is when disaster strikes the rich swoop down, buy up the land, then build expensive condos on it, ie: New Orleans after Rita/Katrina and Hawai’i now.

    • Sanctus@lemmy.worldEnglish
      9·
      9 months ago

      The system was designed to offer the elite discounts every so often, the true endgame of Reaganomics was to acquire everything over the span of 80-120 years.