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
  • Marin_Rider@aussie.zone
    112·
    10 months ago

    residential property should not be able to be bought by corporations, there is no benefit in allowing that to happen at all

    • Aleric@lemmy.world
      331·
      10 months ago

      It’s sure beneficial for the rich fucks behind these companies. Everyone else gets fucked.

      • fosforus@sopuli.xyz
        0·
        10 months ago

        No, that’s not any of this works. In a free market, it’s entirely possible (and often the case) that both the rich fucks and everyone else benefit.

        I recommend Basic Economics by Thomas Sowell and also Poor Economics by Abhijit V. Banerjee.

        edit Based on the voting response, I guess I should have suggested something from Dr. Seuss first.

            • prole@sh.itjust.worksEnglish
              1·
              10 months ago

              Please humble yourself and acknowledge that maybe you’re not an expert on the subject after reading “the basics of…” book about it. Just a thought.

              Keep in mind that there are people who have dedicated their careers/lives to studying this stuff. Don’t disregard rebuttals just because your “basics of economics” or whatever book didn’t get there yet.

              The real world just doesn’t work that way. But maybe if you went beyond Econ 100 level shit (or honestly, not even), you would have learned that.

    • fosforus@sopuli.xyz
      01·
      10 months ago

      USA has roughly 15 million vacant homes currently. If this company manages to fill some of them with people, that means there’ll be fewer vacant homes. Obvious net benefit for all.

      edit I guess you guys enjoy that there are homeless people then

      • S_204@lemm.ee
        1·
        10 months ago

        Hol up. Lolololol.

        Are you saying that the rich fucks who are buying up housing stock will make them accessible to the houseless population of America?

        • fosforus@sopuli.xyz
          0·
          10 months ago

          Are you saying that the rich fucks who are buying up housing stock will make them accessible to the houseless population of America?

          No, that’s not what I’m saying.