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
    392·
    11 months ago

    So is this guy, like, the Devil? Every headline I see with him is like “Emperor Palpatine is buying single family homes” where I just assume it’s for some nefarious purpose that’s gonna benefit his regime and dick over a looooot of people.

      • Chef@sh.itjust.works
        181·
        11 months ago

        Waiting for Amazon to pay their employees in “digiscrip” that they can only use at Amazon-owned businesses.

        Pay your rent on your AmazonHousing account.

        Buy groceries from AmazonFresh.

        Health insurance from AmazonHealth.

        Welcome back to the coal mining towns of yore.

        • KnightontheSun@lemmy.world
          31·
          11 months ago

          You load sixteen tons, what do you get?

          Another day older and deeper in debt

          Saint Peter don’t you call me 'cause I can’t go

          I owe my soul to the company store

      • 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.

        • pikmeir@lemmy.world
          61·
          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.

        • 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.

    • metaStatic@kbin.social
      5·
      11 months ago

      nefarious purpose

      real talk: it’s stupid to hold cash, you need to buy assets, and assets generate cash flow. catch 22 the rich get richer.