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
  • spriteblood@kbin.social
    31·
    11 months ago

    Best case scenario I see, housing market gets worse and more unattainable. Wage slave quarters and company towns could easily be part of that though.

    • Kbin_space_program@kbin.social
      5·
      11 months ago

      The issue is that corporations have 80-90%+ of the money.

      Expensive housing is a benefit for them, it’s not a drawback. It’s only a drawback for people that want to be free and actually own their own place.

    • pikmeir@lemmy.world
      51·
      11 months ago

      Amazon introduces Amazon Residence! For just $999.99 per month (for the first 12 months), enjoy unlimited access to a fully furnished 500 square foot room in a city of your choice. No property fees! No hidden fees! Utilities not included. Options limited. First come, first serve.