Posted on 08/20/2022 5:34:55 AM PDT by PK1991
The real estate investment platform backed by Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets.
Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors through its online platform. The demand for rental property shares has grown exponentially so far in 2022, with more homes funded in July than the entire first quarter.
The company has investment properties in 19 of the top 100 cities for population growth in the U.S. and estimates that it will expand to 40 of the top 100 cities by the end of the year. Most recently, Arrived Homes expanded into Nashville, Cincinnati and Indianapolis.
The investment platform is now able to take advantage of the cooling-down period in the housing market to ramp up its purchases at a time when a growing number of investors are looking for alternative investment options outside of the stock market.
(Excerpt) Read more at finance.yahoo.com ...
I can’t wait for decent neighborhoods to be ruined by renting to ghetto trash and illegals...
BR is single-handed-ly destroying neighborhoods. Now Bezos joins forces...
When young people are forced to pay a fortune for rent, the chances of them saving to actually own their own home are slim to none. Not only are the prices too high, but with a minimum down payment, mortgage payments are impossible. Pure evil.
Let’s say this is true. Let’s, hypothetically, also say that there really is an agenda to reduce the global human population. What do they do with all the excess real estate? How does that impact the bottom line? Does the bottom line even matter to these neo-feudalists?
It is capitalism. You don’t like??
Renters are renters because they do not save for down payment.
I would suggest that mortgage applications are near record lows because anyone who was planning to sell their home or relocate in the next five years decided to do it in the last 18 months.
Ignore all the scare mongers.
Nobody wants to reduce population.
Those who think that are certifiable.
Says a crusty old man that never had to deal with this.
P.S. The US has never been a free market...ever.
Nice rental you have there Jeff, pity something could happen to it.
We’ve seen what happens when an outfit load up on property at the peak of their costs.
Remember when Japan was buying up a bunch of NYC real estate and had to sell at a big loss?
so....
What exactly is the issue here? lol
some investor is going to own those homes, why does it make any difference if the landlord is Bezos or Blackrock?
And, what’s preventing people from simply building more homes? Whoever wrote this acts like all the homes ever to be built are already built. When the free market will easily fix this with other investors building more rental properties as prices go up.
Here it comes...we don’t get a house or apartment unless we’re in good standing (communist party member), good social score, etc.
When a consumer has to compete with a corporation willing to spend far in excess of the value of the home value... there is no longer a consumer market.
Building of single family homes is very low right now. Multi unit rental starts are at an all time high.
Counties should double (or more) property taxes on non-county, corporate owners.
That would either increase revenue or discourage this practice.
Rents go up ... because the price of the home goes up.
And rent will ALWAYS be more than the cost of buying the same home. Because the investor has to pay the mortgage and still make a profit.
So when:
property taxes go up, rent goes up
interest rates go up, rent goes up
land prices go up, rent goes up
construction materials go up, rent goes up
etc etc
renters often think they are not affected by these things, but they are, but are to ill informed to know it.
The truth is, when you are renting, you are paying someone else’s mortgage. The main reason the vast majority rent is because they wrongly “think” they can’t afford to buy, but that’s flat out wrong.
What they “can’t” afford is the .... DOWNPAYMENT.
And they can’t afford that because they don’t know the financial discipline to save the money up.
That’s exactly what this is about. The illegitimate Puppet Biden regime is bringing in millions of illegal aliens who have to live somewhere. The homes being purchased by Blackrock will be turned into section 8 housing and “rented” to the illegal aliens. The American taxpayer will be the ones who actually pay the rent. The foreigners and refugee’s will live in these homes for free. Blackrock and Amazon have insider information and ae making preparations to benefit from it. I would bet Bill Gates get’s in on the gravy train as well.
When this all blows up in their face, I have no doubt the government will *again* bailout hedge funds like Black Rock using public monies, just as they did in the GFC.
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